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

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.


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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to