Fortescue considers port and rail sale

FORTESCUE Metals Group is considering the sale of a minority share in its port and rail infrastructure.

The company says there has been investor interest in FMG's wholly-owned subsidiary The Pilbara Infrastructure (TPI), which owns and operates the miner's port and rail assets.

Aside from transporting Fortescue's iron ore production, TPI also provides transport for other miners operating in the area.

Fortescue's chief executive Nev Power says there are a number of companies that have expressed interest in investing in TPI.

"These investors recognise the world class infrastructure assets which Fortescue has developed," he noted in a statement.

Read more at ABC news online.



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