fmg's hush-hush costings angers flinders

Fortescue Metals Group’s Infrastructure arm has drawn ire from Flinders mines for being secretive over its costing details.

Flinders Mines said costing estimates by The Pilbara Infrastructure is ‘difficult to understand’.

Flinders made a submission to the Economic Regulation Authority saying TPI’s ‘lack of transparency’ meant contesting its costing structure was tough, The West Australian reported.

“Without access to TPI’s 2013 cost model, Flinders wishes to reserve its right to challenge that cost model, should it underpin any of TPI’s future prices in response to any access request made in future by Flinders,” Flinders said.

Flinders Mines secured a binding, non-exclusive memorandum of understanding with four Chinese mills in March. The contracts brought it a step closer to realising its Pilbara mining project.


Read full story On Link below.



http://www.miningaustralia.com.au/news/fmg-s-hush-hush-costings-angers-flinders