Fortescue CEO Expects to Complete Northstar Talks in Near Future
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Fortescue Metals Group Ltd., Australia’s third-biggest iron ore producer, expects to complete talks with potential partners soon to develop the Northstar magnetite project amid falling prices of the raw material.
“We’ve been in discussions with a number of parties and we’re hopeful of those being finalized in the near future,” Neville Power, chief executive officer of the Perth-based company, said in an interview in Sydney.