Fortress Minerals Limited is a Malaysia-based investment holding company. The Company is principally engaged in the business of exploration, mining, production and sale of iron ore of low level of impurities. The Company operates through two segments: Iron ore and Others. The Iron ore segment is engaged in the exploration, mining, production, and sale of iron ore. The Others segment is engaged in the remaining minor trading and investment holding activities. The Company produces magnetite iron ore concentrate with Tetrafluoroethylene (TFe) grade of 65.0% and above, mined from the East, Valley, and West Deposits in its Bukit Besi Mine, and sells its iron ore concentrate primarily to steel mills and trading companies in the People's Republic of China (PRC) and Malaysia. The Companyâs subsidiaries include Fortress Resources Pte. Ltd., Fortress Mining Sdn. Bhd., Fortress Dredging Sdn. Bhd., Fortress Metals Sdn. Bhd., Fortress Mengapur Sdn. Bhd. and others.
More about the company