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FMG makes appointment, raises cash

FORTESCUE Metals Group has appointed an iron and steel making scientist as head of resource strategy, after this week completing its final capital raising to fund feasibility studies costing $34 million at its Pilbara iron ore project.

Rebecca Keenan
FMG makes appointment, raises cash

FMG issued 12.83 million shares at 55c to JF Capital Partners, part of the international JP Morgan Fleming Asset Management Group. JF becomes the eighth institution on FMG’s shareholder register. JF...

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