FMG's leap into magnetite

JUST when we thought new magnetite developments were dead and buried, up pops Fortescue Metals Group with one out of left field. The Formosa deal looks good for FMG’s balance sheet, but may spell bad news for juniors looking to get on board The Pilbara Infrastructure. The Metal Detective, By Stephen Bell

The Metal Detective has written a fair bit about magnetite over the years, but he’d pretty much forgotten about Fortescue’s North Star and Glacier Valley deposits to the south of Port Hedland.

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