Fortescue may list magnetite assets in HK.
Published 3:22 PM, 5 Apr 2011
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Reuters
Fortescue Metals is looking to list its other assets such as magnetite in Hong Kong, a senior executive said.
"We are looking to list some of our other assets in Hong Kong," Russell Scrimshaw, executive director of the iron ore miner, told Reuters on the sidelines of a mining conference in Singapore.
"Magnetite is one example."
He said a dual listing of the company is also an option that Fortescue could explore.
Scrimshaw said an internal team is looking at various opportunities for the magnetite assets the company owns and a decision could come "sooner than later."
I have no doubt that once this listing occurs it will result in the unlocking of many billions of dollars in additional market value for the company.
Go Twiggy you legend !!!
fortescue may list magnetite assets in hk !!
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