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FMS Flinders Mines Limited

0.49
0.00 (0.00%)
15 Dec 2024 - Closed
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

Russia's Magnitogorsk To Buy Flinders Mines For A$0.30/Share

25/11/2011 7:53am

Dow Jones News


Flinders Mines (ASX:FMS)
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Russian steelmaker OAO Magnitogorsk Iron & Steel Works said Friday it is seeking to acquire Australia's Flinders mines Ltd. (FMS.AU) for A$0.30 per share.

The deal values Flinders at about A$554 million in total, Magnitogorsk said in a statement.

Flinders owns the Pilbara Iron Ore Project in western Australia.

"I am confident that Flinders will develop into a leading iron ore producer in Australia," Magnitogorsk chairman Victor Rashnikov said in the statement.

-By William Mauldin, Dow Jones Newswires; +7 495 232-9192; william.mauldin@dowjones.com

 
 

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