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FMG reports $US1.2B profit

AUSTRALIA'S third-largest iron ore producer Fortescue Metals Group has posted a $US1.18 billion (...

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FMG reports $US1.2B profit

The net profit figure came on the back of a fair value adjustment to a subordinated loan note of a positive $2 billion, up from a negative $982 million in the previous year. In its financial report for...

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