Dec 19 (Reuters) - Fortescue Metals Group Ltd FMG.AX
* Asx alert-Fortescue update on Vale non-binding Mou-FMG.AX
* Confirm media reports on 16 Dec and 17 December 2016 quoting Ceo Neville Power regarding status of joint venture with Vale
* Fortescue's relationship with Vale remains strong while discussions are continuing more slowly than originally anticipated
* Negotiations are continuing between parties on an amicable and commercial basis; looking less likely that any transaction will be completed Source text for Eikon: ID:nASX4HLglb Further company coverage: FMG.AX