Fortescue confirms partial sale of port and rail assets

摘要

Pilbara iron-ore miner Fortescue Metals Group (FMG) has confirmed that it is to sell a minority interest in its rail and port assets. During the second half of 2012, low iron prices caused potential liquidity problems for FMG forcing it to dramatically scale back its expansion plans. Rumours also began to circulate it was considering selling 40% of its assets for up to $US 4bn.