In response to a report in the Australian Financial Review, Australian iron ore miner Fortescue Metals Group (Fortescue) has stated that it is not aware of any Foreign Investment Review Board (FIRB) applications made by third parties for investment in Fortescue, adding that it is in compliance with its continuous disclosure obligations.
The Australian Financial Review had stated that Chinese firms had applied to the FIRB seeking permission to invest in Fortescue, going on to say that the iron ore company had held discussions with Chinese steel producer Baosteel and Chinese state-owned conglomerate CITIC Group. Following the speculation regarding talks with Chinese investors, Fortescue's share price jumped almost nine percent.