Formosa To Sink $1.15B Into Aussie Iron Ore Project

By Karlee Weinmann (August 16, 2013, 2:52 PM EDT) -- Formosa Plastics Group, Taiwan's largest private company, said Friday it will pay $1.15 billion for a stake in an iron ore project being developed by Fortescue Metals Group Ltd., signaling revived investor interest in Australian iron ore projects squeezed by falling commodity prices....

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