Hey rc,
FMG just keeps irritating BHP. Looks like it ends BHP's towage monopoly.
May 30 (Reuters) - Fortescue Metals Group Ltd (FMG) :
- Fortescue secures the second towage licence at port hedland (FMG)
- Total capital cost of developing infrastructure and operating vessels is
expected to be less than US$200 million and will be incurred in FY 2017 and FY 2018- Pilbara Marine, a wholly owned subsidiary of Fortescue, won tender for second
towage licence at the port of Port Hedland- Says under the terms of the licence, Pilbara Marine will construct marine and
landside facilities
Iron Ore Price, page-8318
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