Fortescue may sell rail assets PDF Print E-mail
AAP   
Monday, 17 December 2012 08:28

Iron ore miner Fortescue Metals Group is considering selling a small interest in its rail and port infrastructure.

CEO Nev Power said the company is in negotiations with potential investors in Fortescue subsidiary The Pilbara Infrastructure, which owns the miner's rail and port assets.

Talks are being held with "a small group of selected investors", Fortescue said.

Any sale would only be transacted at full and fair market value and on the basis that the current efficiency of infrastructure and mining operations are not impacted, Mr Power said.

 

 

Related links:

Fortescue Metals Group



For the latest news click here

For the latest Drive features click here

For the latest Travel features click here

For the latest Food & Drink features click here

Follow myresources.com.au on Twitter
 

Add comment

Security code
Refresh