R/€ = 16.29 Change: -0.01
R/$ = 14.36 Change: 0.04
Au 1240.08 $/oz Change: 2.01
Pt 785.65 $/oz Change: -6.88
 
 
R/€ = 16.29 Change: -0.01
R/$ = 14.36 Change: 0.04
Au 1240.08 $/oz Change: 2.01
Pt 785.65 $/oz Change: -6.88
 
 
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Fortescue seeks to replicate Pilbara success in South America

16th May 2018 BY: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – Iron-ore miner Fortescue Metals is reportedly looking to replicate its iron-ore success from the Pilbara, in Argentina.

Celebrating ten years of iron-ore exports from the Pilbara, Fortescue founder and chairperson Andrew Forrest said on Tuesday that the company was looking at early stage exploration projects in Argentina, Ecuador and Colombia.

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He also flagged the opportunity to diversify into battery material opportunities, including copper, lithium, nickel and graphene.

Fortescue in the 2018 financial year will spend some $29-million on exploration, including on lithium exploration in the Pilbara. The company is also exploring its 32 granted concessions in Ecuador and had submitted 64 exploration concession applications in Columbia. 

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EDITED BY: Mariaan Webb Creamer Media Senior Researcher and Deputy Editor Online
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