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Fortescue brings power in-house

By:  
Creamer Media Senior Deputy Editor: Australasia
 
IRON-ORE
Iron-ore miner Fortescue Metals has moved to repurchase the Solomon power station from TSX-listed TransAlta Corporation. The company in 2012 sold the Solomon power station to TransAlta and entered into a power purchase agreement (PPA) for the power station’s entire capacity, which is providing power to the Solomon mining hub.
 
 
 
 
 

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