Normal
I think the partnership with Liebherr and the decarbonisation of mining is great. I don't know if we will see any big profit boom in the short or medium term from these ventures. Frankly (almost) nothing can match the money minting machinery of iron ore sales at current prices.But there will be value to FMG's bottom line as it decreases operating costs and perhaps has a financial stake in some of the engineering ventures in its fold. For example the Williams Advanced engineering group which it bought into FMG could turn a dollar.
I think the partnership with Liebherr and the decarbonisation of mining is great. I don't know if we will see any big profit boom in the short or medium term from these ventures. Frankly (almost) nothing can match the money minting machinery of iron ore sales at current prices.
But there will be value to FMG's bottom line as it decreases operating costs and perhaps has a financial stake in some of the engineering ventures in its fold. For example the Williams Advanced engineering group which it bought into FMG could turn a dollar.
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