Fortress Mineral

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.

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.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter