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Sinosteel in talks over 8% Fortescue stake

A SENIOR Sinosteel executive has confirmed the Chinese steel trader is in discussion with a major Fortescue Metals Group shareholder over snapping up a stake in Australia's newest iron ore producer.

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Sinosteel in talks over 8% Fortescue stake

Sinosteel deputy general manager William Ren told media the company is in talks with US-based Harbinger Capital Partners over a share acquisition deal that would give it at least an 8% stake in Fortescue....

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