FMG drops Oil Basins deal

No deal: Fortescue Metals Group has opted not to proceed with its investment in Australian explorer Oil Basins and its onshore Canning basin block

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Danica Newnham

 15 January 2013 08:45 GMT

Australian iron ore giant Fortescue Metals Group (FMG) has chosen to drop a deal to acquire a stake in Australian oil and gas explorer Oil Basins.

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