FMG 2.89% $16.82 fortescue ltd

Something that doesn't seem to have got much attention today is...

  1. 97 Posts.
    Something that doesn't seem to have got much attention today is that FMG's Solomon project, Australia's largest iron ore project, got WA EPA approval - see http://edit.epa.wa.gov.au/EPADocLib/Rep%201386%20Sol%20Iron%20PER%2014311.pdf - something achieved in record time for a project this large. Ministerial approval from here is just a formality.

    The construction of the Solomon project also means there will soon be a FMG railway spur just about 50 km east of the Flinders Mines deposit, so this bodes well for FMG and Flinders forming a JV similar to it's BCI/FMG one. I for one am loading up on FMG and FMS shares.

    It's amazing to me that such a significant regulatory approval could get so little attention!
 
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