Russian steelmaker Magnitogorsk Iron & Steel Works OJSC (MAGN.RS) has bid A$554 million (US$537 million) cash for Flinders Mines Ltd. (FMS.AU), Flinders said Friday.

Flinders is an iron ore company targeting production from a mine in Australia's remote Pilbara region in early 2015.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

Flinders Mines (ASX:FMS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Flinders Mines Charts.
Flinders Mines (ASX:FMS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Flinders Mines Charts.