Fortescue Metals Group Limited
(ASX:FMG) says it has started the process to explore selling a minority interest in The Pilbara Infrastructure (TPI).
CEO Nev Power says there has been strong interest from a number of parties interested in investing in TPI and there have been discussions with potential investors.
TPI is a wholly owned subsidiary of Fortescue and the owner of the miners current rail and port assets.
Mr Power says investors are attracted by the fact that TPI is the sole provider of third party infrastructure in the Pilbara and that its logistics chain is fully operational.
Fortescue will only transact any sale at full market value on the basis that the current efficiency of infrastructure and mining operations are not impacted.
Fortescue Metals Group generated a net profit of $1.5 billion in the 2012 financial year.
