Original article by Nick Evans
The Australian – Page: 21 : 9-Oct-19

Lyndon Fagan of JP Morgan has expressed reservations about Fortescue Metals Group’s bid for blocks 1 and 2 of the Simandou iron ore project in Guinea. He says a successful bid may not be welcomed by shareholders, given the sovereign risks associated with the West African nation. He adds that given Simandou’s high-grade iron ore and the fact that it is likely to be developed, Fortescue may be taking the view that it is better to participate in a project that will compete with Fortescue’s own Pilbara operations.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, JP MORGAN AUSTRALIA LIMITED, MORGAN STANLEY AUSTRALIA LIMITED