Finance2 sources
Fortescue warns of production slowdown without China deal
- Fortescue, an Australian iron ore miner, warns of potential production slowdown without a deal with China Mineral Resources Group.
- The standoff with the state-backed buyer could impact Fortescue's full-year profit.
- Shares of Fortescue dropped more than 4% following the warning.
- Operations 'may be affected' by the unresolved talks with China Mineral Resources Group.
- The company is in negotiations with a state-backed commodities buyer.