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

Release clauses in disputes settlement

Oct 17, 2023

Broad and all-encompassing release clauses generally found in agreements in settlement of a dispute may be limited in its application depending on the circumstances and knowledge of the parties at the time the release came into existence. Key Takeaways When deeds of...

Disputing beer brands and the Australian Consumer Law

Sep 5, 2023

Previously we discussed reputation in a trade mark and the law of trade mark infringement under the Trade Marks Act. Next, we consider reputation and its treatment under the Australian Consumer Law and the case between rival brewing companies Brick Lane Brewing Co Pty...

Reputation in a trade mark – not relevant to infringement

Jun 20, 2023

Independent real estate start-up, The North Agency, fends off property monolith, The Agency, in the Federal Court of Australia. In dismissing all claims against The North Agency, including finding that The North Agency had not infringed The Agency’s trade marks, the...