Fortescue denies making a bid for Wesfarmers’ Curragh assets
PERTH (miningweekly.com) – Iron-ore major Fortescue Metals has refuted claims that it is bidding for ASX-listed Wesfarmers' Curragh coal assets, in Queensland.
Wesfarmers in November 2016 announced that it was evaluating “strategic options” for both of its coal assets in Queensland and New South Wales, with the miner reportedly placing a price tag of A$2-billion on the assets.
Media reports last week suggested that Fortescue had made a play for the 8.5-million-tonne-a-year metallurgical and 3.5-million-tonne-a-year thermal coal operations.
However, the miner on Monday said the reports were incorrect.
“We are focused on debt repayment and capital flexibility, investment in the long-term sustainability of our core iron-ore assets, creating low-cost future growth options and delivery of returns to our shareholders,” the company said in a statement.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation