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Company News Summary

Fortescue Metals Group Responds to Media Article

15 Jun 2021  |  10:00:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Response to Media Article

Fortescue Metals Group referred to the media article in The Australian Financial Review dated 13 June 2021 regarding the Company's discussions with the Government of the Democratic Republic of Congo (DRC Government) on the exclusive rights to develop the suite of Grand Inga Hydroelectric Projects, including Matadi and Pioka projects. The DRC Government has invited interested corporations and governments to contact Fortescue Future Industries (FFI) if they have investment or service interest in the Inga Projects on the condition that personnel will be trained and sourced from the DRC as Company has done in Australia. It confirmed that discussions have taken place with the DRC Government in respect to the grant of exclusive rights to develop the Grand Inga suite of projects.

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