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Catalist debutant Fortress Minerals to ride on China's rising demand for steel mills, says UOB

Michelle Zhu
Michelle Zhu3/25/2019 11:33 AM GMT+08  • 2 min read
Catalist debutant Fortress Minerals to ride on China's rising demand for steel mills, says UOB
SINGAPORE (Mar 25): UOB KayHian says upcoming market entrant Fortress Minerals (FMIL SP) is well positioned to ride on increasing demand from Chinese steel mills.
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SINGAPORE (Mar 25): UOB KayHian says upcoming market entrant Fortress Minerals (FMIL SP) is well positioned to ride on increasing demand from Chinese steel mills.

Fortress Minerals is a 37%-owned associate of Malaysia-listed Selangor Dredging Bhd, an investment firm with property development businesses in Malaysia and Singapore.

The company produces high-grade iron ore concentrate mined from its Bukit Besi mine at Terrangganu, Malaysia, with an estimated output capacity of 40,000 wet metric tonnes per month.

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