Fortescue sticking to output guidance amid Vale tie-up

lunes 7 de marzo de 2016 18:28 GYT
 

SYDNEY, March 8 (Reuters) - Fortescue Metals Group Ltd said a joint venture with rival Vale SA will not alter fiscal 2016 production guidance after announcing a partnership to blend iron ore.

Fortescue also said it expects iron ore blending to begin within six months and expects no lessening of competition as it does not see the venture as a precursor for Vale acquiring Fortescue. (Reporting by James Regan and Sonali Paul; Editing by Chris Reese)