That project,http://www.brassogtreblaas.no/fantversion.php?Landslagsdrakter-647/Argentina-649, the West Pilbara Iron Ore project,http://limgclub.com/wp-plugins.php?real-madrid-hjemme-troje-2015-16-born, looks increasingly marginal,http://www.producteursdemaregion.com/walker.php?maillot-feyenoord-exterieur-20152016-p-2128.html, and its is unclear whether all Baosteel's joint venture partners – POSCO,http://tsoegaard.dk/wp-plugins.php?fodboldstoevler/583-adidas/, AMCI and Aurizon – are fully committed to the project given the current plight of iron ore prices.
The speculation saw Fortescue shares rise from $2.17 to $2.50 in early trading on Tuesday before closing at $2.40 per share.
The closing price was Fortescue's highest closing price in the space of nine trading days.
The company told the ASX that it was not aware of any foreign companies that had lobbed proposals to FIRB.
Fortescue is not aware of FIRB applications by third parties and is in compliance with its continuous disclosure obligations,http://www.naturseife-gartetal.de/wp-title.php?Zentral-Suedamerika/Club-America/, the company said in a statement.
Federal Industry Minister Ian McFarlane told ABC radio he was not aware of proposals to FIRB.
I'm not aware of any specific offers that are being made,http://rentasgastronomicas.com/wp-rss.php?crea-la-camiseta-de-futbol-de-colo-colo-con-tu-nombre-y-numero.html, he said.
But Mr McFarlane said foreign investments had been a positive thing for Australians over the years.
Australia is built on foreign investment and that foreign investment comes from all parts of the globe. It's what's built this country; it's what's built our resource industry,http://www.bris-skips.com.au/rss.php?Breitling/Aeromarine-c74.html, he said.
Those matters will be dealt with and if there are potentially any conflicts,http://www.bluescamp.no/layout-styles.php?terminliste-eredivisie-nederland-20142015/, that's what the Foreign Investment Review Board is there for. I'm sure Joe Hockey will take a close interest.
Prices for Fortescue's sole export product,http://ginasbloomingfantasies.com/fantversion.php?vip-sponsorer/aktieinfo-net, iron ore,http://9thstreetclinics.com/wp-searches.php?nike-mercurial-superfly-x-fg-jalkapallokengat-kulta-musta-v-979.html, rose on Tuesday by $US1.22 to $US61.18 per tonne.
The benchmark iron ore price has been above $US56 per tonne since April 24.
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