Fortescue - Latest news GMK Center

The CMRG aims to tighten control over pricing

China Mineral Resources Group is seeking to strengthen its position in negotiations over iron ore trade

Total ore production amounted to 181 million tons

This will help reduce costs amid the current energy crisis

The company intends to extract 12 million tons of ore per year from the deposit

In particular, the company purchases solar panels and wind turbines from Chinese companies

Funding supports up to ten separate projects under a single agreement

Total production increased by 5% year-on-year

The companies will partner in the wind energy sector

The financing involved Chinese, Australian, and international lenders

The company forecasts shipments of 195-205 million tonnes for FY2025/2026

Total production for the period amounted to 55.5 million tons