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FMG nails another sales contract

FORTESCUE Metals Group has received further impetus with the addition of another binding sales co...

Michael Quinn
FMG nails another sales contract

The contract includes a pre-payment to FMG of US$20 million, half of which is payable when construction begin early in 2005. Fengli also agreed to take equity in FMG, with the $7 million worth of shares...

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