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clock Created with Sketch. 21/01/22
18:08
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Originally posted by luvkakuwadu:
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Fortescue Metals Group Ltd (Fortescue, ASX: FMG) and Sinosteel have signed a binding Memorandum of Understanding (MoU) to complete a rapid project assessment of Sinosteel’s Midwest Magnetite Project, with the assessment to include a rail and port development at Oakajeeacquire up to 50 per cent of the Midwest Magnetite Project and up to 100 per cent of the proposed port and rail infrastructure project. Fortescue Chief Executive Officer, Elizabeth Gaines said, “For over three decades, Sinosteel has demonstrated their strong performance and ability to deliver mining projects in Australia including their Channar Mine in the Pilbara.
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May be some negotiations with MGT behind the closed door. (Just for prediction. )
