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China Daily | Updated: 2009-05-12 08:10
Fortescue's listing plans
Australian iron ore miner Fortescue Metals may list its shares in Shanghai, which plans to allow foreign listings under an ambitious development scheme, China News Agency reported, quoting Fortescue CEO Andrew Forrest.
Forrest said Fortescue's equity tie-up with China's Hunan Valin Iron and Steel Group would help its localization in China and may facilitate a Shanghai listing.
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