FMG gets rest of Nullagine for $1

FORTESCUE Metals Group has bought the remaining 75% of the unincorporated Nullagine Joint Venture from BC Iron for $1.

FMG gets rest of Nullagine for $1 FMG gets rest of Nullagine for $1 FMG gets rest of Nullagine for $1 FMG gets rest of Nullagine for $1 FMG gets rest of Nullagine for $1

BC Iron has sold its 75% stake in Nullagine to FMG for $1.

The acquisition includes all assets and rehabilitation obligations of the NJV.

FMG will also pay BC Iron a royalty of sales of iron ore mined in the future that will be partially withheld, up to $7.

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