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FMG misses out on Simandou

FORTESCUE Metals Group has missed out on getting involved in the much vaunted Simandou iron ore deposit in Guinea, reportedly losing out to a bid from an Asian consortium that's already the African nation's biggest bauxite producer.

Michael Quinn
FMG misses out on Simandou

According to Bloomberg, Societe Miniere de Boke has got the Simandou gig.   SMB is owned by Singapore's Winning Shipping, China's Shandong Weiqiao, logistics group UMS International and the Yantai...

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