Iron Bridge Joint Venture

1 March 2014

DOWNLOAD PDF

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

Joint Conference – Australia & Taiwan

Oct 16, 2015

As published in CK Momentum Issue 8 (Click here to download) CK recently sponsored the 29th Joint Conference of the Australia-Taiwan Business Council and its Taiwan counterpart, the Republic of China-Australia Business Council, held in Darwin on 3 and 4 September...

Due Diligence for Foreign Investors in Rural Assets

Oct 15, 2015

As published in CK Momentum Issue 8 (Click here to download) To avoid the risk of replicating many of the mistakes the Japanese made in their acquisitions of property in Australia in the 1980s and 1990s,prospective foreign investors in Australian rural assets should...

The China-Australia FTA: What Does it Mean For Us?

Aug 3, 2015

As published in CK Momentum Issue 5 (Click here to download) It took a decade of negotiations spanning three governments, but in late 2014, Australia and China finally concluded a Free Trade Agreement ("FTA"). Corporate & Commercial Lawyer, Sam Bassingthwaighte,...