You are here

Iron ore giants Vale, Fortescue plan tie-up

It would be the first deal involving the "big four" iron ore miners following a collapse in the price of the commodity
Wednesday, March 9, 2016 - 05:50

BT_20160309_DNMERGE9_2156062.jpg
A Fortescue loading dock at Port Hedland in the Pilbara region of Western Australia. Fortescue's shares rose nearly 7 per cent to a 16-month high after the announcement.

Melbourne

THE world's No 1 and No 4 iron ore miners are in talks that could see Brazil's Vale SA taking a minority stake in Australia-based Fortescue Metals Group and the blending of their iron ore to win market share in China.

The proposal will help the pair match the quality of

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom