Jb, I was looking over a 2013 company announcement below, not sure if anything has changed since then re updated agreement terms, but I noticed that under the arrangements when Iron Bridge is commissioned Formosa would agree to purchase up to three mtpa of iron ore at market prices to supply their Formosa Ha Tinh Steel project.
https://cdn.fortescue.com/docs/default-source/announcements-and-reports/fortescue-executes-us1-15-billion-joint-venture-agreement-with-formosa.pdf?sfvrsn=ba742a9a_1
I wasn't sure at what stage construction Formosa were at. I then found this. Refer to the last paragraph on page 19.
https://one.oecd.org/document/DSTI/SC%282022%2912/FINAL/en/pdf
Other references:
https://www.linkedin.com/company/formosa-ha-tinh-steel-corporation/?originalSubdomain=vn
and
https://asia.nikkei.com/Asia300/Formosa-Plastics-steel-venture-in-Vietnam-set-to-double-capacity
and
https://www.fhs.com.vn/about
and
http://www.cisdigroup.com.cn/html/2/competence/ty/18/07/2144.html
Tony
- Forums
- ASX - By Stock
- FMG
- Iron Bridge
Iron Bridge, page-12
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$19.88 |
Change
-0.590(2.88%) |
Mkt cap ! $62.08B |
Open | High | Low | Value | Volume |
$20.75 | $20.75 | $19.86 | $177.2M | 8.726M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1628 | $19.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.89 | 6671 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1740 | 19.870 |
13 | 25385 | 19.860 |
17 | 46498 | 19.850 |
11 | 9300 | 19.840 |
5 | 2650 | 19.830 |
Price($) | Vol. | No. |
---|---|---|
19.880 | 10528 | 43 |
19.890 | 11105 | 26 |
19.900 | 7637 | 9 |
19.910 | 8740 | 17 |
19.920 | 9305 | 16 |
Last trade - 15.48pm 17/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online