MELBOURNE, Oct 7 (Reuters) - Australia's Fortescue Metals Group (FMG) confirmed on Monday that it had submitted a bid to develop Simandou iron ore blocks in Guinea.
"Following the release of information at a public meeting held in Guinea last week, Fortescue confirms that it is participating in the tender for Simandou Blocks 1 and 2," Fortescue Chief Executive Elizabeth Gaines said in an emailed statement to Reuters.
Reuters reported on Friday that Fortescue and Guinea's biggest bauxite exporter SMB-Winning were the last two companies in the running for the rights to develop the two blocks.
News: FMG Australia's Fortescue says it has submitted bid to develop Guinea iron ore
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| Open | High | Low | Value | Volume |
| $20.47 | $20.68 | $20.28 | $96.30M | 4.714M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $20.34 |
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| Price($) | Vol. | No. |
|---|---|---|
| $20.35 | 20500 | 1 |
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