Nov 17 (Reuters) - Fonterra Co-Operative Group Ltd FCG.NZ :
* Fonterra welcomes beingmate approval of joint venture
* Beingmate will own 51 per cent of the jv and Fonterra will retain a 49 per cent stake, and run plant operation
* Jv will manufacture nutritional powders at darnum in Australia, for Fonterra and beingmate, and other customers
* Welcomes the formal approval by shareholders of beingmate baby and child food co to establish a jv to purchase the co-operative's darnum plant in Australia
* Source text for Eikon ID:nNZW8rhPQx