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FMG strikes a deal with Vale

Vale could end up with 15% of FMG.

Andrew Duffy
Should the deal come to pass, Vale and FMG could be blending their iron ore in China.

Should the deal come to pass, Vale and FMG could be blending their iron ore in China.

In a March 8 statement FMG said it had entered a non-binding deal with Vale, with the agreement proposing a joint venture for blending iron ore from both companies. The blended product would be developed...

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