Fortescue Opens Firetail Mine
Australian mining major Fortescue Metals (ASX:FMG) has officially opened its Firetail iron ore mine at its Solomon Hub, reports Australian Mining.Continue reading...
View ArticleChina Starts Iron Ore Trading Platform
The move is being seen as a further indication of the Chinese government's willingness to loosen its control over the iron ore trade.Continue reading...
View ArticleFortescue Takes Over Processing at Australian Iron Mine
Fortescue Metals Group (ASX:FMG) said it would take control of iron-ore processing at a mine in West Australia where a worker was called last month, MarketWatch reported.Continue reading...
View ArticleASX Round-Up: ASX Closes at Highest Level in Five Years
Today, the Australian Securities Exchange closed at 5,321.5 points, 38.4 points higher than yesterday and the exchange's highest level since June 2008. Continue reading...
View ArticleASX Round-Up: ASX Nears Five-year High Early in Week
Today, the Australian Securities Exchange closed at 5,386.3 points, up 13.4 points, or 0.2 percent, from the previous session. The market hit a high of 5,397.1 points earlier in the day.Continue...
View ArticleIron Ore Majors, Juniors Hitch Ride on High-Flying Price
Now may be the time to take another look at iron ore companies as an investment, with many making major gains over the last 3 months.Continue reading...
View ArticleFortescue to Expand Christmas Creek Mine
Fortescue Metals Group (ASX:FMG) is planning a substantial expansion of its Christmas Creek iron ore mine in the Australian Pilbara region, The Australian reported.Continue reading...
View ArticleASX Round-Up: ASX Closes at 5,400.665 Points, Finishes Week Down 0.2 Percent
The Australian Securities Exchange closed lower today compared to the previous session, losing 21.3 points to finish at 5,400.665 points. The market hit a high of 5,422 points today.Continue reading...
View ArticleFMG Smashes Iron Shipment Record
Australia's Fortescue Metals Group (ASX:FMG) has broken a new record by loading its biggest-ever shipment of iron ore through Port Hedland, Australian Mining reported.Continue reading...
View ArticleFortescue Ships a Record 28 Million Tonnes in Q4 2013
Fortescue Metals Group Ltd. (ASX:FMG) provided its results for the fourth quarter of 2013, commenting that it shipped a record 28 million tonnes during that time period. Meanwhile, its average realized...
View ArticleFortescue to Extend $4.9bn Debt
Mineweb reported that Fortescue Metals Group Ltd. (ASX:FMG) Plans to extend the maturity on debt of $4.9 billion beyond 2021 as a plunge in the prices of the raw material have curbed the profits of the...
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