METS

FMG signs $93m machinery deal with Terex

TEREX has garnered a new customer after Fortescue Metals Group inked an order contract worth more than $93 million with the world’s third-largest construction machinery manufacturer. Meantime, Fortescue’s share price has recorded a new all-time high today.

Rebecca Lawson

FMG signs $93m machinery deal with Terex

Terex will supply fleets of both trucks and excavators to Fortescue to be “used in a major start-up iron ore mining operation in Australia”. Included in the order are 20 MT3700AC 205-tonne capacity...

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