Dow Jones mentions Twiggy too - but it's a 'may' rather than a...

Dow Jones mentions Twiggy too - but it's a 'may' rather than a 'will'!:

DJ Fortescue: May Sell Infrastructure Assets To Fund Expansion07/03/2008 05:51PM AEST
MELBOURNE (Dow Jones)--Australian iron ore miner Fortescue Metals Group (FMG.AU) Friday said it may sell a minority stake in its port and rail infrastructure assets to fund a A$10 billion expansion of its Western Australian iron ore operations.

"A sale is one of a number of options the company is looking at to help fund an expansion," a spokesman for Perth-based Fortescue said. "Our preference to fund it is cash flow, but the company is also investigating other activities."

Fortescue, run by billionaire mining entrepreneur Andrew Forrest, also said Friday that it is on track to ship the first ore from its iron ore project in May. The fist stage of the project is expected to bring production to 55 million metric tons a year.


-By Matt Chambers, Dow Jones Newswires; 61-3-9671-4393; [email protected].