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FMG suspends construction of rail line

NRW Holdings announced today that Fortescue Metals Group has suspended the contract for construct...

Kristie Batten
FMG suspends construction of rail line

Shares in NRW plummeted 36% or 16c this morning to 28.5c on the news. The Perth-based company said FMG has instructed NRW contractors to demobilise from site. The contract, worth around $87 million,...

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