Australian mining major Fortescue Metals (ASX:FMG) has officially opened its Firetail iron ore mine at its Solomon Hub, reports Australian Mining.
Articles Tagged "ASX:FMG"
A brief overview of iron price developments, supply and demand and significant market movers.
The Australian reported that Fortescue Metals Group Ltd. (ASX:FMG) has sold 50 percent of its stake in its Nullagine joint venture with BC Iron Ltd. (ASX:BCI) for US$199 million. The sale may indicate that Fortescue is close to restarting its Kings mine.
Reuters reported Fortescue Metals Group (ASX:FMG) may be able to revive a plan to triple its iron ore capacity, it said on Monday.
Reuters reported Australian iron ore magnate Andrew Forrest and his Fortescue Metals Group (ASX:FMG) won a High Court challenge over a conviction for misleading investors.
Reuters reported Fortescue Metals Group (ASX:FMG) faces a self-imposed deadline Tuesday to detail a restructuring of at least part of its $10 billion debt pile.
Reuters reported Fortescue Metals Group Ltd (ASX:FMG) has asked lenders to waive debt covenants if iron ore prices remain under pressure, the firm said on Thursday.
Bloomberg reported Fortescue Metals Group Ltd. (ASX:FMG) fell to the lowest in more than three years in Sydney trading as the price of the steelmaking material extended losses. As quoted in the market news: Shares of Fortescue, which today was cut to hold from buy at Royal Bank of Scotland Plc, dropped 8.5 percent to A$3.12, its [...]
Bloomberg reported Fortescue Metals Group Ltd. (ASX:FMG) is being reviewed by Moody’s Investors Service for a possible cut to its credit score because of a slump in iron ore prices.
Bloomberg reported Fortescue Metals Group Ltd. (ASX:FMG) said full-year profit rose 53 percent to a record, after an increase in output countered declining prices.