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FMS Flinders Mines Limited

0.49
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 20 minutes
Share Name Share Symbol Market Type
Flinders Mines Limited ASX:FMS Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.49 0.48 0.49 0.00 00:00:00

ENRC Drops Freezing Order On Magnitogorsk's Fortescue Stake

05/12/2011 5:42am

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Kazakh-focused miner Eurasian Natural Resources Corp. PLC (ENRC.LN) Monday dropped its attempt to freeze steelmaker Magnitogorsk Iron & Steel Works' (MAGN.RS) stake in Fortescue Metals Group Ltd. (FMG.AU), according to court documents.

The documents, released by Magnitogorsk's takeover target Flinders Mines Ltd. (FMS.AU), showed ERNC moved to discontinue the order granted Nov. 25 that froze a stake of just under 5% that the Russian steelmaker owns in Fortescue, the world's fourth-largest iron ore miner.

-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com

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