Fortescue considers port and rail sale

FORTESCUE Metals Group is considering the sale of a minority share in its port and rail infrastructure.

The company says there has been investor interest in FMG's wholly-owned subsidiary The Pilbara Infrastructure (TPI), which owns and operates the miner's port and rail assets.

Aside from transporting Fortescue's iron ore production, TPI also provides transport for other miners operating in the area.

Fortescue's chief executive Nev Power says there are a number of companies that have expressed interest in investing in TPI.

"These investors recognise the world class infrastructure assets which Fortescue has developed," he noted in a statement.

Read more at ABC news online.


CQ community kindy recognised for innovative education

Premium Content CQ community kindy recognised for innovative education

Middlemount childcare centre one of five CQ centre’s recognised at annual...

NAMED: 60+ people facing Emerald Magistrates Court

Premium Content NAMED: 60+ people facing Emerald Magistrates Court

A number of people appear at Central Highlands courts on a range of different...

Everybody appearing at Emerald Magistrates Court today

Premium Content Everybody appearing at Emerald Magistrates Court today

Here is a list of matters listed at Emerald Magistrates Court on Tuesday.