Thu, 17 Oct 02:44:00 GMT
SYDNEY, Oct 17 (Reuters) - Australian iron ore miner Fortescue Metals Group Ltd said it would not rule out the sale of a minority stake in its Western Australia port and rail infrastructure assets, but no talks were currently underway.
Earlier negotiations with interested parties had concluded without a deal on The Pilbara Infrastructure (TPI), chief executive Nev Power told reporters on a conference call on Thursday.
Fortescue put a minority stake in TPI up for sale last year as it sought to cut its hefty debt load. Analysts had estimated the stake sale could raise up to $4 billion for the company, but a successful ramp up in production and strength in the iron ore price has reduced pressure on Fortescue to sell assets.
(Reporting by Lincoln Feast and James Regan; Editing by Ed Davies)