Fortescue may sell stake in rail assets
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SYDNEY, Dec 17 AAP
December 17 2012, 08:51AM
Iron ore miner Fortescue Metals Group is considering selling a small interest in its rail and port infrastructure.
Chief executive Nev Power said on Monday the company is in negotiations with potential investors in Fortescue subsidiary The Pilbara Infrastructure, which owns the miner's rail and port assets.
Talks are being held with "a small group of selected investors", Fortescue said.
Any sale would only be transacted at full and fair market value and on the basis that the current efficiency of infrastructure and mining operations are not impacted, Mr Power said.
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