Iron Bridge Joint Venture

3 August 2015

As published in CK Momentum Issue 1  (Click here to download)

In October 2013, the Formosa Plastics Group of Taiwan and Fortescue Metals Group Limited established the Iron Bridge Joint Venture to develop the FMG Iron Bridge Iron Ore Project, a 5.2 billion tonne magnetite resource in the Pilbara region of Western Australia – the largest single iron ore resource in Australia. 

Managing Partner (and Corporate & Resources Partner) John Toigo and Senior Associate Brad Vinning, with other team support advised Formosa Plastics Group on its $US1.15 billion investment in the acquisition and establishment of the JV.

Accounting for 13% of Taiwan’s GDP in 2012, the Formosa Plastics Group is Taiwan’s largest private company. It is constructing a 22 million tonnes per annum USD $20 billion integrated steel mill in Vietnam. This greenfield project is the largest of its kind in the steel making industry globally and, once finished, will comprise 6 blast furnances.

This bulletin is produced as general information in summary for clients and subscribers and should not be relied upon as a substitute for detailed legal advice or as a basis for formulating business or other decisions. ClarkeKann asserts copyright over the contents of this document. This bulletin is produced by ClarkeKann. It is intended to provide general information in summary form on legal topics, current at the time of publication. The contents do not constitute legal advice and should not be relied upon as such. Formal legal advice should be sought in particular matters. Liability limited by a scheme approved under professional standards legislation. Privacy Policy

Subscribe

…and we’ll email you valuable insights into issues affecting you and your business.

More Insights