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Fortress Minerals has signed two new 24-month offtake agreements with a domestic steel mill in Malaysia, giving the miner stronger visibility over future iron ore sales. Under the deal, its subsidiary Fortress Resources will supply about 1.2 million wet metric tonnes of iron ore concentrate from September 1, 2025, to August 31, 2027. Pricing will be linked to Platts benchmark rates and adjusted based on the actual iron content of each shipment, helping align sales with market conditions. The new contracts also extend and expand earlier shorter-term arrangements, which should support steadier revenue and cash-flow visibility. For the steel value chain, the agreement signals continued domestic demand for iron ore and strengthens Fortress Minerals’ role in Malaysia’s industrial supply network.
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