Forge enters trading halt

Forge Group has requested its shares be placed in a trading halt.

Forge Group Ltd has requested its shares be placed in a trading halt as it prepares to update the market on its financial position.

In a statement to the Australian Securities Exchange, Forge requested the halt remain in place until the earlier of the announcement being made or the commencement of trade next Tuesday January 14.

The news comes after it was last week revealed Investment manager BlackRock Group had taken a stake in the mining services company after it secured more work at Gina Rinehart's Roy Hill iron ore mine in Western Australia.

In a statement, Forge said BlackRock's voting power was 5.32 per cent.

Forge shares soared over 54 per cent after it announced it it had received formal notification to proceed with phase three of construction of the $1.47 billion processing facility at Roy Hill.

The surge followed Forge's 83 per cent drop in late November after emerging from an extended trading halt to inform the market of a $127 million writedown.

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