24
Jan
06:54
FMG, Sinosteel to commence assessment of Midwest Magnetite
Australia’s Fortescue Metals Group and China’s Sinosteel have signed a binding memorandum of understanding to complete a rapid project assessment of Sinosteel’s Midwest Magnetite Project. The assessment is to include a rail and port development at Oakajee, Kallanish notes from FMG’s release.
If viable, the 12-month assessment would give FMG an option to acquire up to 50% of the Midwest project and up to 100% of the Oakajee infrastructu…
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