December 09, 2012 at 23:22 PM EST
Fortescue Sells 25% of Nullagine Mine to BC Iron for A$190 Million
Fortescue Metals Group (FMG.AU), the world's fourth largest iron ore producer, said Monday it will sell half of its stake in Western Australia's Nullagine iron-ore mine to joint venture partner BC Iron Ltd. (BCI.AU) for 190 million Australian dollars (US$199 million).
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