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Fortescue Metals

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Brazilian miner Vale says unlikely to buy Fortescue Metals Group shares anytime soon

Sydney Morning Herald - ‎Apr 28, 2016‎
Brazilian miner Vale is unlikely to buy shares in Fortescue Metals Group in the short or medium term, and says it did not seek a recent clause that gave it the option to buy up to 15 per cent of the Australian company.
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Fortescue Metals Group cuts debt load again

Sydney Morning Herald - ‎Apr 26, 2016‎
The resurgent Fortescue Metals Group will use the spoils of the higher iron ore price to repay another $US577 million ($744 million) of debt.
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3 reasons why the Fortescue Metals share price is soaring today

Motley Fool Australia - ‎Apr 19, 2016‎
Fortescue Metals Group Limited (ASX: FMG) has seen its share price jump 6% to $3.52, a price not seen (before today that is) since late 2014.

Is it time to buy Amcor Limited or Fortescue Metals Group Limited shares?

Motley Fool Australia - ‎Apr 21, 2016‎
With the recent reporting season behind us, the number of shares hitting new 52-week lows each week has slowed to a trickle. Previous winners continue to soar, and a number of companies making acquisitions have been bought into heavily in recent weeks, ...

Fortescue tells Woodside to use Browse gasfield or lose it

The Australian - ‎Apr 19, 2016‎
Fortescue Metals Group will push for Woodside Petroleum and its partners in the stalled Browse gas project to be stripped of their interests when their current retention leases expire, with the huge but so far undeveloped fields shaping as a key test ...

What's Propelling Fortescue Metals Group Limited to Increase So Much?

B.O.D.Y Confidential - ‎Apr 29, 2016‎
The stock of Fortescue Metals Group Limited (ASX:FMG) is a huge mover today! The stock increased 4.92% or $0.16 on April 29, hitting $3.41.

Why these 3 shares got smashed on the ASX in April

Motley Fool Australia - ‎2 hours ago‎
Many of the big name stocks such as BHP Billiton Limited (ASX: BHP), Fortescue Metals Group Limited (ASX: FMG), Newcrest Mining Limited (ASX: NCM) and Woodside Petroleum Limited (ASX: WPL) posted double-digit gains and this helped to drive the ...

Fortescue to repay another $US577m of debt

SBS - ‎Apr 26, 2016‎
Fortescue Metals Group is repaying another $US577 million ($A745 million) of debt, saving $US48 million ($A62 million) in annual interest.
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Westpac weighs on stocks

The Australian - ‎22 hours ago‎
Elsewhere in the mining sector BHP Billiton, Rio Tinto and Fortescue Metals swung into positive territory after a slight fall in oil but a 3.7 per cent jump in Iron ore ahead of the session.
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Iron ore is China's new casino

The Australian - ‎May 1, 2016‎
“The volumes that are being traded are so high that they swamp the physical market and are going to be a massive influence on it from now on,” said Nev Power, chief executive of Australia's Fortescue Metals Group Ltd., the world's No. 4 exporter of ...
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Business backs company tax plan

The Australian Financial Review - ‎May 1, 2016‎
Wesfarmers chief executive Richard Goyder, Qantas chief executive Alan Joyce, Fortescue Metals chief Nev Power, venture capitalist Paul Bassat and businessman Tony Shepherd, urged Treasurer Scott Morrison to reign in unsustainable spending in his first ...
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What Led Vale SA to Beat Market Expectations in 1Q16?

Market Realist - ‎5 hours ago‎
Fortescue Metals Group (FSUGY) has risen 74%. Rio Tinto (RIO) and BHP Billiton (BHP) (BBL) have risen 14% and 12%, respectively.

Woodside's Peter Coleman scoffs at Fortescue's Browse rights stance

The Australian - ‎Apr 21, 2016‎
Woodside Petroleum chief executive Peter Coleman has poured cold water on Fortescue Metals Group's suggestion that third parties should be given the rights to exploit Woodside's long-held Browse gas fields, arguing that there were unlikely to be any ...
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Ministers urge quick action from Fortescue and Browse partners

The Australian - ‎Apr 20, 2016‎
But Mr Frydenberg noted that the “use-it-or-lose-it” principle advocated by Mr Power had been crucial in allowing new players into markets, noting that Fortescue itself was built upon surplus tenements that iron ore giants BHP Billiton and Rio Tinto ...

Deutsche Bank thinks there are better buys out there than mining stocks

Business Insider Australia - ‎Apr 29, 2016‎
Mining stocks soared higher in response, recording some eye-watering gains in recent months. From late January, shares in BHP Billiton are up 45%, outpacing a 39% increase for those in Rio Tinto.
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Mining stocks, energy shares lead the way in day of strong share market gains

ABC Online - ‎Apr 28, 2016‎
Mining stocks led the way, shrugging off lower iron ore prices while Fortescue Metals jumped by 6.2 per cent to $3.25. Shares in the gold miner Perseus Mining are in a trading halt as the company is expected to change its production forecasts.

Here's why these 4 shares rose on the market today

Motley Fool Australia - ‎Apr 27, 2016‎
Woolworths shares are down 26% in the past 12 months. Fortescue Metals Group Limited (ASX: FMG) gained 8% to $3.30, despite falls in the value of iron ore overnight, and for the past four days running.

Asian Markets Lower, Led By Japan

Nasdaq - ‎21 hours ago‎
BHP Billiton is declining more than 1 percent, Rio Tinto is down almost 1 percent and Fortescue Metals is lower by 0.6 percent.

CommSec Daily Report Monday - ‎19 hours ago‎
Fortescue Metals Group (FMG) shares were recently up 1 per cent. The Energy sub-index firmed by a modest margin even though energy prices eased at the weekend.
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World Bank lifts forecasts for iron ore through 2020

The Australian Financial Review - ‎Apr 27, 2016‎
... upside risk to steel demand and production, and thus iron ore prices." Iron's rally has benefited miners' shares.