slide

Formosa Plastics in $1 billion Australian iron ore deal: Fortescue

Formosa Plastics in billion Australian iron ore deal: Fortescue SYDNEY (Reuters) – Taiwan's Formosa Plastics Group has agreed to invest $ 1.15 billion as part of a deal to buy nearly a third of a new iron ore project in Australia from partners Fortescue Metals Group (FMG.AX) and China's Baoshan…