Australia's Fortescue Metals Group (ASX:FMG) has broken a new record by loading its biggest-ever shipment of iron ore through Port Hedland, Australian Mining reported.
Articles Tagged "ASX:FMG"
Fortescue Metals Group (ASX:FMG) is planning a substantial expansion of its Christmas Creek iron ore mine in the Australian Pilbara region, The Australian reported.
Now may be the time to take another look at iron ore companies as an investment, with many making major gains over the last 3 months.
Fortescue Metals Group (ASX:FMG) said it would take control of iron-ore processing at a mine in West Australia where a worker was called last month, MarketWatch reported.
The move is being seen as a further indication of the Chinese government's willingness to loosen its control over the iron ore trade.
Costly iron ore projects are moving forward despite the metal's lagging price.
Australian mining major Fortescue Metals (ASX:FMG) has officially opened its Firetail iron ore mine at its Solomon Hub, reports Australian Mining.
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.