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Fortescue denies making a bid for Wesfarmers’ Curragh assets

Iron-ore major Fortescue Metals has refuted claims that it is bidding for ASX-listed Wesfarmer’s Curragh coal assets, in Queensland.

Wesfarmers in November 2016 announced that it was evaluating “strategic options” for both of its coal assets in Queensland and New South Wales, with the miner reportedly placing a price tag of A$2-billion on the assets.