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Fortescue Metals Group Ltd Sells Power Station To TransAlta Corp ; Buys Power From Subsidiary-Reuters

Tuesday, 4 Sep 2012 09:34pm EDT 

Reuters reported that Fortescue Metals Group Ltd has agreed to sell a power station for $300 million. As part of the deal with a subsidiary of Canada's TransAlta Corp, Fortescue will purchase power from the station for its Solomon mine for 16 years, with rights to extend the agreement. 

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