Running discussion on SP, page-60391

I am surprised that there has not been a mention of FMG's announcement today regarding their agreement with the **on government

*Tbo, I'm Not Surprised, after all it's been on the cards "assessed" since 2018 with a 3 year tenure to Hold / Study atm, nothing Concrete re:- Going Mining, maybe they too are waiting on a ML


Fortescue Metals Group said on Wednesday it had entered an agreement with the **on government to study the development of an iron ore project in the West African country.

The Belinga iron ore project, located in the northeast of **on, has been progressively assessed by Fortescue since 2018 and is potentially one of the world's largest undeveloped, high-grade hematite deposits.

The agreement will include a 36-month exclusivity period over the 5,500 square kilometre area, with Fortescue to create a **on mining company, owned 80% by Fortescue, to hold the tenure over the project.

"Fortescue is pursuing global opportunities in iron ore that align with our strategy and expertise," Chief Executive Officer Elizabeth Gaines said in a statement.

"We look forward to working with the **on Government on this project as we continue to invest in assets to optimise growth and returns in our iron ore business."