Flinders mines
(ASX:FMS) has struck a deal with four separate steel mills in China, which may increase its sales of Iron ore.
The company says it’s entered into a binding memoranda of understanding.
Under the deal the four Chinese mills will assess whether Flinders’ Iron Ore project is the right fit for their iron operations.
Flinders mines last recorded a net loss of $5.1 million for the 12 months to December 31st.
