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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Fortescue Ltd | ASX:FMG | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.53 | 2.90% | 18.78 | 18.77 | 18.79 | 18.79 | 18.35 | 18.35 | 2,032,811 | 03:14:10 |
From Jan 2020 to Jan 2025
By Rhiannon Hoyle
SYDNEY--Fortescue Metals Group Ltd. (FMG.AU) said it will develop the Queens Valley mining area at its Solomon Hub in Western Australia for roughly US$287 million.
The world's fourth-largest exporter of iron ore said the development will ensure it can "maintain production of the low-alumina Kings Fines product and is consistent with Fortescue's strategy of optimising margin through an enhanced product mix."
The Queens Valley development has an expected life between 10 and 15 years.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
May 21, 2019 20:09 ET (00:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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