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Fortescue Metals

FMG up on ratings affirmation.

The West Australian - ‎Feb 3, 2016‎
FMG's chief financial officer Stephen Pearce said it was pleasing that S&P had recognised Fortescue's ongoing commitment to sustainable cost reductions and operational efficiencies which continued to deliver strong financial results in challenging ...
FMG unscathed in S&P review

Oil slump: Fortescue chief Nev Power says fall will help Australia

The Australian - ‎Feb 3, 2016‎
Fortescue Metals chief executive Nev Power. Picture: Sam Ruttyn. Lower oil prices will help the Australian economy because of its big exposure to transport costs, Fortescue Metals Group chief executive Nev Power said yesterday. “Cheap oil increases ...

Here's why these 4 shares sank on the ASX today

Motley Fool Australia - ‎Feb 11, 2016‎
Fortescue Metals Group Limited (ASX: FMG) lost 4.4% to $1.625 as continued uncertainty around the iron ore market and the value of Fortescue's shares persists.


Business Insider Australia - ‎Feb 11, 2016‎
BHP closed down almost 1% to $15.09 and Fortescue Metals 4.7% to $1.62. The top stories Friday: 1. Smashing its sales targets.
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Fear pulls ASX deeper into bear market territory

Sydney Morning Herald - ‎Feb 11, 2016‎
Main rival BHP Billiton fell 0.98 per cent on Friday after a 6.9 per cent fall over the week, to close at $15.09, while iron ore miner Fortescue Metals Group closed down 14.51 per cent to $1.62. Woolworths fell 1.9 per cent on Friday and 6.7 per cent ...

Stocks to watch on Friday - ‎Feb 11, 2016‎
Stocks to watch on Friday. Stocks to watch on the Australian stock exchange on Friday: BHP - BHP BILLITON. FMG - FORTESCUE METALS GROUP. RIO - RIO TINTO. Mining company shares could be hit following market turbulence and a fall in the price of ...
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Aust stocks end losing streak, close 1% higher

Business Spectator - ‎Feb 10, 2016‎
BHP Billiton fell 2.62 per cent to $15.24, while Fortescue Metals was down 2.58 per cent to $1.685. Rio Tinto had dipped 1.25 per cent to $40.99 ahead of its earnings announcement due after the Australian market's close.

Michael Costa in stinging rebuke of Labor over Greens seat struggle

The Australian - ‎Feb 9, 2016‎
Mr Costa also suggested “wet behind the ears” NSW Right senator Sam Dastyari should join the Greens after reportedly claiming 10 major companies, including Fortescue Metals, BHP Billiton and Rio Tinto, were controlling Australia's democratic and ...

Tribeca fund getting alpha returns out of commodity rout

The Australian Financial Review - ‎Feb 10, 2016‎
Its mandate allows it to take a position in the commodity, the equity or the debt of the company. "A lot of people are saying equities are the new option, and credit is the new equity," Cleary says.

Here's why these 4 shares smashed the market today

Motley Fool Australia - ‎Feb 3, 2016‎
Fortescue Metals Group Limited (ASX: FMG) also jumped 9.2% to $1.77 today for similar reasons as Rio Tinto. Rising iron ore prices mean greater profits for Fortescue, whose average cost of production has dropped rapidly in recent months.
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ASX finishes flat as China goes on holidays and earnings take stage

Sydney Morning Herald - ‎Feb 7, 2016‎
Fortescue Metals Group however fell 3.4 per cent to $1.83, despite another rise in iron ore prices on Friday to above $US45 a tonne.
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Why these 4 shares smashed the market today

Motley Fool Australia - ‎Feb 4, 2016‎
Fortescue Metals Group Limited (ASX: FMG) rose 3% to $1.87 today, following on from yesterday's 9% rise, which came on the back of rising iron ore prices.
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Parties need money, business supplies it

The Age - ‎Feb 9, 2016‎
The only surprise in that list was his third miner, not the foreign-owned Glencore Xstrata - to go with the foreign-owned BHP Billiton and Rio Tinto - but the largely Australian-owned Fortescue Metals. I doubt it's quite that simple but, on the other ...

Stocks to watch on Tuesday - ‎Feb 8, 2016‎
Stocks to watch on the Australian stock exchange on Tuesday: BHP - BHP BILLITON. FMG - FORTESCUE METALS GROUP. RIO - RIO TINTO.
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10 dividend shares with solid yields and strong performance

Motley Fool Australia - ‎Feb 7, 2016‎
The problem is, income-paying shares are only good if earnings are sustainable. Recent reports indicate that some of Australia's largest companies are getting set to slash dividends.

Steelmaker POSCO has revealed the iron price needed for Roy Hill to break even

Sydney Morning Herald - ‎Feb 1, 2016‎
If the prices quoted by POSCO are correct, they suggest that Roy Hill is a more expensive producer of iron ore than Fortescue Metals Group, which is believed to require an iron ore price of $US28-$US32 a tonne to break even. Fortescue is believed to be ...

WA Premier Colin Barnett and Fortescue chief Nev Power lead weight loss out west

The Australian Financial Review - ‎Feb 4, 2016‎
West Australian premier Colin Barnett has lost about 20 kilograms over the past three years. Stefan Gosatti. Share on twitter · Share on Google Plus.

Premier Colin Barnett reveals secrets to his weight loss

WA today - ‎Feb 5, 2016‎
Among them is Fortescue Metals Group chief executive Nev Power, federal Labor member Gary Gray, Australia's richest person Gina Rinehart and WA's biggest grain grower John Nicoletti.

Short-sellers bank on more mining pain

The Australian - ‎Feb 4, 2016‎
“Scanning through the names, Alumina looks like it has the biggest potential for a squeeze, almost twice the short interest of Fortescue Metals Group.” he said. Shares held short represent around 7 per cent of Alumina's market cap, while around 4 per ...
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Labor senator Sam Dastyari claims 10 companies have taken control of Australian politics

Sydney Morning Herald - ‎Feb 4, 2016‎
"Four banks, and we all know who they are - the Commonwealth Bank, NAB, Westpac, and ANZ - three big mining companies, in Rio Tinto, BHP Billiton, and Fortescue Metals, you've got your two big grocery chains, and you've got your big telco, which is ...