Fortescue Iron Ore

Andrew Forrest-chaired mining giant Fortescue Metals has hiked its iron ore shipments target and flagged a Chinese tailwind for Australias post-COVID-19 recovery.

2020-5-25LONDON May 25 2020 PRNewswire -- Australian mining giant Fortescue Metals Group FMG has withdrawn a legal case against commodity price.

2020-6-22Fortescue being a pure iron ore play means its share price is more responsive to rising iron ore prices. Its shares hit a record all-time high last week of 15.25 while paying a dividend yield of .

Fortescue Metals Group Ltd on Thursday hiked its annual iron ore shipments forecast after it reported a 10 rise in third-quarter shipments and said it had managed to keep a lid on costs amid the .

2018-9-21Fortescue now expects its low-grade iron ore to attract a larger discount to the benchmark price than previously forecast. The company said it had amended its guidance because it expected to .

Fortescue shipped 19.6 million tonnes of iron ore in the three months to December 31 up 22 per cent from the preceding three months and up 32 per cent on the same period in the previous year.

Fortescue lifts iron ore shipments guidance Australian miner Fortescue Metals Group has revised upwards its guidance for iron ore shipments in the 2020 financial year which ends in June. It says it continues to see strong demand for its products from China.

The long-expected flow of riches from Fortescue Metals Group arrived in the 2018-19 financial year thanks to that surge in iron ore prices which have already produced record dividends for shareholders in BHP and Rio Tinto.

After its production costs hit a record low in the last quarter Fortescue Metals wants to drive costs even lower this financial year according to the CEO of the Australian iron ore producer.

Mr Power said the strength of support from the financial markets demonstrated a strong level of confidence in Fortescue and the iron ore market. However he cautioned that the market remained .

2013-8-16Fortescue which has amassed 10 billion in debt on its way to becoming the worlds fourth-largest iron ore exporter has been courting potential minority investors in TPI aimed at yielding the .

2020-7-1Fortescue Metals Group has formally opened its Fortescue Hive the newly expanded Integrated Operations Centre at its Perth head office. . WAs iron ore.

Fortescue Metals Group Ltd shares are down today by 4.6 at time of writing.Shares were trading at 13.14 down from 13.78 at yesterdays close. Fortescue is an Australian iron ore producer and exploration company based in Western Australia.

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Australias Fortescue Metals Group Ltd nearly doubled its cash on hand in the third quarter after buoyant prices and a move into premium products raised the prices it received for its iron ore.

Fortescue is now consistently producing more than 170 million tonnes of iron ore per year and has an exciting future ahead establishing itself for future growth in a global market through innovation product diversification and asset development.. Corporate Strategy Expressions of Interest. Work location Perth Roster Monday to Friday Employment type Secondment options will also be .

2020-7-1The Fortescue Hive facility integrates the iron ore miners planning operations as well as mine control teams with the port rail shipping and marketing teams. This new space allows 330 team members to work collaboratively 24 hours a day.

2 Fortescue Metals Group has awarded Civmec a civil contract for the Iron Bridge magnetite project in Western Australia. The contract involves a dry plant detailed earthworks and concrete package .

2020-5-28Fortescue Metals Group Ltd. is engaged in the exploration and mining of Iron Ore properties. Its properties primarily include the Cloudbreak and Christmas Creek mine sites and the Solomon project .

2020-6-4Fortescue Metals Group Ltd on Thursday hiked its annual iron ore shipments forecast after it reported a 10 rise in third-quarter shipments and said it had managed to keep a lid on costs amid the .

Australias Fortescue Metals Group reported record quarterly iron ore shipments on Thursday boosting its sales as prices spiked to five-year highs and forecast stronger shipments in the coming year.

To Know More Do Read Iron Ore Futures Predisposed to Chinas Steel Industry Revival. The decline in iron ore prices is now putting pressure on ASX-listed iron ore stocks which previously rallied over the iron ore supply woes with some such as Fortescue Metals Group Limited even reaching a record high.

Australia-based infrastructure and rail company John Holland has secured a A130 million 90 million contract with Fortescue Metals Group to construct 143 km of railway tracks and signalling at its Eliwana iron ore project in the Pilbara of Western Australia.

2017-8-1Australian iron ore producer Fortescue Metals Group has started marketing one of its iron ore products at a few Chinese ports recently -- the first Australian miner to venture into China s port stock market industry sources said.

Fortescue Metals Group is on track to the meet its annual iron ore shipments forecast but has downgraded its guidance on the price it expects to realise.

Fortescue Metals Group FMG has turned the sod on its 1.7 billion Eliwana iron ore mine announcing 330 million in contracts with another 500 million expected before the end of 2019.