Short Sellers Targeting Fortescue
SMH reported Fortescue (ASX:FMG) is targeted by short sellers on speculation iron ore stocks are a poor buy with China demand falling.
Articles Tagged "Fortescue"
Fortescue Sees Dip in Iron Ore Prices
SMH reported prices for iron ore are continuing to slide, with Fortescue Metals Group (ASX:FMG) warning of weaker prices in coming months.
Forrest Exit Timely As Fortescue Hits Target
The Australian reports that although Fortescue (ASX:FMG) hit its production target for 2011, it has been dogged by high costs.
Fluctuating Fortunes
By Kishori Krishnan Exclusive To Iron Investing News Iron ore negotiations are a real conundrum, as next year’s talks are soon to begin, yet this year’s have not been resolved. In the meantime, the trio – Rio Tinto, Brazil’s Vale and BHP have been taking advantage of spot prices in iron, which have been on [...]
Australia’s Fortescue has cut iron ore sales target by 15%
Australia’s Fortescue Metals Group has cut its full-year sales forecast by 15 percent to 26 million tonnes on Wednesday, following heavy rains in the March quarter, the second iron ore miner to signal lower output this week. For full story, click here
Iron Market: Heading For A Glut?
By Kishori Krishnan Exclusive To Iron Investing News The alarm bells have started ringing. On the sidelines of a mining conference, Rio Tinto said iron ore prices are certain to fall in 2009, the first decline in seven years, but not by the 50 per cent suggested by some steel makers. On the spot market, [...]
Fortescue reported eyeing iron ore sales to Europe
Australia’s Fortescue Metals Group is reported to be in talks to sell iron ore to European steel mills. Executive Director Graeme Rowley stated: We are negotiating that right now. For full story, click here
Iron Ore Prices To Linger Low
By Kishori Krishnan Exclusive to Iron Investing News The talks haven’t borne fruit, as yet. Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day. Shan Shanghua, secretary-general [...]
Atlas Iron delivers first iron ore to port
Atlas Iron Limited reported that it has delivered the first iron ore from its Pardoo Iron Ore Project to the Fortescue Metals Group Limited Anderson Point Port facilities in Port Hedland. For full story, click here
Hunan Valin to raise its stake in Australian iron mining company
Chinese steelmaker Hunan Valin Iron & Steel Group Co Ltd announced that it would purchase a further 0.9% stake in Australian iron mining company Fortescue Metals Group Ltd thus raising its total stake to 17.4%. For full story, click here
