Fortescue:iron ore expansion still on hold over tax
SYDNEY |
SYDNEY Aug 26 (Reuters) - Australia's no. 3 iron ore miner Fortescue Metals Group (FMG.AX) said on Thursday about A$17 billion ($15.06 billion) in expansion work remained on hold due to the country's proposed mining tax.
"Our statement still stands," Fortescue Chief Financial Officer Stephen Pearce said on a conference call when asked about the projects. (Reporting by James Regan; Editing by Ed Davies)
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