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Fortescue eschews oil and gas exploration as iron ore spot prices rise

Marc Howe | January 16, 2013 | 11:15 am Energy Australia Europe Iron Ore 

Aussie miner Fortescue Metals (ASX:FMG) has opted to abandon plans to invest in an oil and gas explorer as spot prices for its mainstay commodity of iron ore continue to rise. Sky News reports that on Tuesday Fortescue decided not...

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