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FMG scraps capital raising, shares fall

FORTESCUE Metals Group has called off a share placement to investors, while its share price opene...

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FMG scraps capital raising, shares fall

Australia's third-largest iron ore producer opened at $2.46, down 13%, and slumped as low as $2.42 before recovering to $2.73 with 15 million shares changing hands by 11.26am EDT. FMG entered a trading...

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