Fortescue Metals Group

Fortescue Metals Group is an Australian iron ore company with substantial holdings in the Pilbara region of Western Australia. It is the world’s no. 4 iron ore miner.

China and Australia have agreed to eliminate all Chinese tariffs on Australian resources and energy products. Photo: EPA

Fortescue hints at China stake interest

Fortescue Metals Group, Australia's third-largest iron ore miner, is "always receptive" to potential investment from domestic and foreign partners but is in no hurry to close a deal since it is in a good financial position, its chairman says.