Fortress Resources has agreed to deliver to the domestic steel mill in aggregate about 1.2 million wet metric tonnes (WMT) from Sept 1, 2025 to Aug 31, 2027.
The selling prices of the deliverables will be based on a formula guided by, amongst others, the average of the available daily price of Platts for 65% Fe and 58% Fe CFR North China, adjusted subject to the Fe content of each shipment of the deliverables, the release notes.
Fortress Minerals expects these agreements to contribute positively to the earnings per share for the group in FY2026.
Share in Fortress Minerals closed 0.5 cents higher or 2.273% up at 22.5 cents on Sept 8.
