To put some salt into your wounds
UMC perhaps gone FMS to make the bigtime perhaps..
Mr Forrest told reporters that iron ore price negotiations for
the contract year beginning April 1 were expected to be "going into
a strong market".
He also said the door was open for a possible joint venture in
the Pilbara with Flinders Mines Ltd, whose main project neighboured
Fortescue's Solomon iron ore project.
This could be similar to the joint venture Fortescue and BC Iron
Ltd entered into in August for the Nullagine project in the
Pilbara.
Under that deal, Fortescue secured a half stake in the project
in return for the provision of rail haulage, port handling and
ship-loading facilities.
On Tuesday, a Fortescue spokesman downplayed reports the miner
may seek to blend its coarse fines iron ore with the ultra-fine
iron ore of Brazilian giant Vale to suit Chinese steel mills.
"We're not involved in any talks (with Vale)," the spokesman
Add to My Watchlist
What is My Watchlist?