Original article by Glenda Korporaal
The Australian – Page: 20 : 9-Nov-17
More than 90 per cent of Fortescue Metals Group’s iron ore is exported to China. However, outgoing CEO Nev Power has flagged plans to lift the volume of exports to other nations in response to Chinese steel mills’ growing demand for higher-grade iron ore. Fortescue already ships some iron ore to the UK and Germany, and Power says it aims to build on this, as well as seeking other export markets in Asia. Power has also advised that Fortescue will undertake a feasibility study on its Eliwana deposit at the Western Hub in the Pilbara.
FORTESCUE METALS GROUP LIMITED – ASX FMG, RESERVE BANK OF AUSTRALIA, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY