In 2009, Hunan Iron and Steel Group invested in FMG, Australia’s third largest mining company, and became its second largest shareholder. It has stable iron ore resource guarantee channels, and the output of overseas iron ore equity mines exceeds 24 million tons/year. FMG is a global leader in iron mining with a unique culture and technological innovation that has developed industry-leading, world-class infrastructure and mining assets in the Pilbara region of Western Australia, the best source of iron ore. Since its inception in 2003, FMG has discovered some of the world’s largest mines, and the Group’s mining, processing and shipping capacity now make FMG the world’s fourth largest seaborne iron ore producer, with its main iron ore assets in Western Australia and China being FMG’s most important sourcing country.
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