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Christmas Creek news a gift for Fortescue

Posted on: Mon, 12 Oct 2009 20:55:00 EDT

Symbols: FSUMF

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Oct 12, 2009 (The Australian Financial Review - ABIX via COMTEX) --
FSUMF | Quote | Chart | News | PowerRating -- Fortescue Metals Group has approved the development of the Christmas Creek iron ore mine in its Chichester Ranges project in Western Australia. The $A360 million development will increase annual production by 16.5 million tonnes. The expansion will be funded by the company after the failure of a debt funding deal with Chinese investors.

Publication Date: 13 October 2009

FORTESCUE METALS GROUP LIMITED - ASX FMG
CHINA IRON AND STEEL INDUSTRY ASSOCIATION
SHANGHAI BAOSTEEL GROUP CORPORATION
BROCKMAN RESOURCES LIMITED - ASX BRM
AQUILA RESOURCES LIMITED - ASX AQA

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