PERTH (miningweekly.com) – Iron-ore major Fortescue Metals has denied reports that it plans to sell its assets.
Responding to media reports, Fortescue told shareholders that while there was no imperative, the company remained open to commercial discussions with interested parties in relation to a minority interest in its mining assets.
This was not the first time that the miner had quelled speculation regarding the sale of its assets.
In August, reports emerged that two Chinese State-owned entities were in separate talks with the iron-ore miner over a A$2-billion deal at the Chichester hub, in the Pilbara.
To date, no deal had materialised.