FMG 0.25% $20.19 fortescue ltd

Iron Ore Price, page-16126

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    Trump attitude!

    mr B,
    Fortescue Metals Group established a company in Singapore that could buy and sell its iron ore more than a year before it started attacking its rivals for doing the same thing.
    The company, called Fortescue International Marketing, is incorporated and domiciled in Singapore. Still dormant, it is ready to be used at any time.

    The principal activity of the company is "iron ore marketing services" and "trading of iron ore", according to documents filed with the Singaporean business regulator. Its directors included, as at December last year, Fortescue chief executive Nev Power and chief financial officer Stephen Pearce.
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