What was the CEO's statement regarding the logical package deal involving iron ore and metallurgical coal?
CEO Says Fortescue Not Interested in Wesfarmers Coal
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The CEO of Fortescue Metals Group has denied reports that the company is looking to diversify into coal, specifically rejecting interest in acquiring coal assets from Westfarmers. Despite speculation, the CEO clarified that metallurgical coal and iron ore are in the same market, thus not representing diversification. Fortescue's current focus is on repaying debt over the next 12 to 18 months.
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What did the CEO clarify about metallurgical coal and iron ore?
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