Fortescue Warns Operations Could Be Affected if CMRG Talks Continue
Fortescue said its operations might be affected if talks with state-backed buyer China Mineral Resources Group do not conclude by year-end. The miner also reported sales lagging shipments.
Fortescue said on Thursday that its operations could be affected if discussions with state-backed buyer China Mineral Resources Group (CMRG) are not concluded by year-end. The world's fourth-largest iron ore miner made the statement as it reported results showing sales lagged shipments.