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Fortescue swoops on Red Hawk, secures 90% stake

Staff Writer | February 19, 2025 | 6:03 am Markets Top Companies Australia Iron Ore 

Fortescue Metals Group (ASX: FMG) has increased its majority stake in junior Australian iron ore miner Red Hawk (ASX: RHK) to more than 90%, triggering a compulsory acquisition process. The Australian Stock Exchange will halt the trading of Red Hawk’s shares...

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