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Rail program behind schedule: FMG

SHARES in Fortescue Metals Group have shed 6% in morning trade after the iron ore play announced the construction of its Pilbara rail program in Western Australia was behind schedule.

MiningNews.Net
Rail program behind schedule: FMG

The stock fell by $1.97 to hit an intraday low of $31.06 in morning trade. In its June quarterly report, FMG said the rail program remained on the critical path with remedial plans implemented during...

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