Has Fortescue ever considered buying into the Southdown hematite project near Albany in Western Australia?
Is this a good fit with the low grade product that FMG currently produces?
My understanding is that Southdown principal partner, Grange Resources (ASX Code: GRR) has a project ready to go but lacks a large JV partner.
This is a 30 year mine that will produce high grade iron ore pellets that are in high demand in China due to ongoing pollution problems.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$19.87 |
Change
0.205(1.04%) |
Mkt cap ! $61.25B | |||
| Open | High | Low | Value | Volume |
| $20.05 | $20.11 | $19.83 | $54.36M | 2.725M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 5224 | $19.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.87 | 3361 | 25 |
View Market Depth
| Last trade - 12.22pm 13/08/2025 (20 minute delay) ? |
| FMG (ASX) Chart |