Search Images Maps Play YouTube News Gmail Drive More »
Settings | Sign in

Fortescue Metals

See realtime coverage

Fortescue Metals says 'use it or lose it' beats an LNG national interest test

The Australian Financial Review - ‎May 19, 2016‎
Forget a national interest test on LNG or gas reservation. What will provide more and lower-cost domestic gas is proper competition in offshore production, at least according to Fortescue Metals. As Labor announced a policy this week to scrutinise LNG ...
See realtime coverage

Fortescue wins tug licence

The West Australian - ‎17 hours ago‎
“The introduction of choice and competition through the award of a second licence will benefit all users of the port, and will ensure Fortescue can provide long-term, sustainable towage services crucial to meeting the demands of our customers,” Mr ...

Fortescue contractor fined over worker's death

Perth Now - ‎May 17, 2016‎
Allen Zuvela was killed and co-worker Ben Reid was seriously injured when they were crushed while working on a surface mining machine on December 29, 2013, because rigging between the cab and overhead crane failed due to overloading.
See realtime coverage

ASIC and ASX do their best to kill the small end of the market

The Australian Financial Review - ‎12 hours ago‎
While there have been companies that ripped off investors there have also been legendary successes such as Andrew Forrest who backdoor-listed Fortescue Metals. In the mining space, the new rules on forward-looking statements for mining and resources ...

Business counts cost of drug's steely grip

The West Australian - ‎9 hours ago‎
One of WA's biggest employers, Fortescue Metals Group, believes employers should be able to go further and provide details about drug use to police.

Outlook: Aus shares set for slightly lower open

Finance News Network - ‎3 hours ago‎
Fortescue Metals Group Limited's (ASX:FMG) subsidiary, Pilbara Marine Pty Ltd, has won the tender for a towage licence to operate tug boats in Port Hedland.

Select Harvests Limited shares rocket: Should you buy them?

Motley Fool Australia - ‎22 hours ago‎
Earlier today Select Harvests Limited (ASX: SHV) released an overseas investor presentation and the market reaction to it has been incredibly bullish.
See realtime coverage

Material Matters: China, Iron Ore, G7 On Steel & Aluminium, BHP, Nickel And Oz Gold Miners

FN Arena News - ‎May 29, 2016‎
Port data suggests Fortescue Metals (FMG) is shipping ahead of forecasts while BHP Billiton ((BHP)) is lagging and could miss FY16 guidance.

Almost 46 mln people trapped in slavery with North Korea, India key offenders - global index

Daily Mail - ‎2 hours ago‎
I have not yet seen the government or the business reaction that we need to drive down slavery although it is on its way," said Forrest, adding he had made efforts to ensure the supply chain of his mining company Fortescue Metals Group was slave free.
See realtime coverage

Asian markets mixed, Shanghai up 0.2%

CNBC - ‎19 hours ago‎
Major Australian resource producers were under pressure, with shares of Rio Tinto were lower 0.13 percent, Fortescue Metals down 1.32 percent and BHP Billiton fell 0.67 percent. Across the Korean Strait, the Kospi closed down 0.1 percent, or 2.04 ...

Weekly Recommendation, Target Price, Earnings Forecast Changes

FN Arena News - ‎May 29, 2016‎
... positive side, followed by Santos, Programmed Maintenance, Perseus Mining and James Hardie. Even Woodside Petroleum and Fortescue Metals, bungling at the bottom of the week's Top Ten, still recorded sizeable gains of 7.9% and 6.0% respectively.

The next hot sector in small caps? Mining stocks, says UBS

The Sydney Morning Herald - ‎May 25, 2016‎
Fortescue Metals Group is one company that has managed to reduce its operating costs from $US30 a tonne to $US13 a tonne, and its break-even price to around $US30 a tonne, well able to withstand a correction in the current iron ore price, which is ...
See realtime coverage

Vale says Fortescue iron ore tie-up yet to get off blocks

The Sydney Morning Herald - ‎May 19, 2016‎
Iron giant Vale said it's taking a "reserved and conservative" stance on when its tie-up with Fortescue Metals to sell blended ore to China will take effect. "It needs to be transformed first in a binding agreement," Claudio Alves, global director of ...
See realtime coverage

BRW Rich List 2016: Harry Triguboff number one for the first time

The Australian Financial Review - ‎May 25, 2016‎
No one's wealth on the Rich 200 fluctuates quite like that of Andrew Forrest, the chairman and major shareholder of iron ore producer Fortescue Metals Group. A year after his wealth halved as iron ore prices plunged, Forrest's fortune rose after FMG ...
See realtime coverage

Stocks hit 9-month closing high

The Australian - ‎May 26, 2016‎
Strong gains were also seen from Australian Dairy Farms Group, which jumped 20.59 per cent to 20.5c after saying milk-price pain would ease in the next financial year as the company accelerated its diversification push, while Fortescue Metals defied ...
See realtime coverage

Iron ore price set to sink below US$50 a tonne

Motley Fool Australia - ‎May 25, 2016‎
BHP Billiton Limited (ASX: BHP), Rio Tinto Limited (ASX: RIO), Fortescue Metals Group Limited (ASX: FMG) and Gina Rinehart's Roy Hill mine should be able to remain cash flow positive at those prices, but it will severely crimp their profits.

Why the BHP Billiton Limited share price is jumping today

Motley Fool Australia - ‎May 25, 2016‎
That could have a negative effect on BHP and other miners in the sector including Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG). Of course, BHP's shares could go either way from here. But to me, the risks outweigh the ...

Market rises to nine month high

The West Australian - ‎May 27, 2016‎
The big miners were weaker, with Rio Tinto losing 65 cents to $44.83 and BHP Billiton down four cents to $19.37, but Fortescue Metals gained six cents at $3.02. Oil and gas producers rebounded from early falls, with Woodside Petroleum advancing 12 ...

More concessions hinted to get port sale over line

The West Australian - ‎May 26, 2016‎
The mid-tier miners want the $2.50/t discount, introduced last year as the iron ore price began to tumble, to be included in the sale conditions before a new owner takes over, and want BHP Billiton, Fortescue Metals Group and Roy Hill barred from using ...

Asian Shares Rise In Cautious Trade

RTT News - ‎17 hours ago‎
Mining giant BHP Billiton shed 0.7 percent and smaller rival Fortescue Metals Group lost 1.3 percent, tracking weakness in Dalian iron ore future prices.