Canada’s Teck May Buy Shares in Australia’s Fortescue Metals Group
Globe and Mail reported Australia's Fortescue Metals Group (ASX:FMG) rose on Monday on news that Teck Resources (TSX:TCK.A,TSX:TCK.B,NYSE:TCK) may build a stake in the iron producer.
Articles Tagged "fortescue metals group"
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.
Caterpillar Inc. and Dealer WesTrac Sign Agreement With Fortescue Metals Group to Implement an Autonomous Mining Solution
Caterpillar Inc. (NYSE:CAT) and Cat Dealer WesTrac have partnered with Fortescue Metals Group (ASX:FMG) at Fortescue's Solomon iron ore mine.
Fortescue to Reduce Debt Funding on Strong Cash Flow, CFO Says
Bloomberg reports that Fortescue Metals Group Ltd. (ASX:FMG) cash flow from high prices will reduce the amount of debt funding the company needs for its $8.4 billion expansion.
China To Plough Investments Into Iron
By Kishori Krishnan Exclusive to Iron Investing News China is set to accelerate investment in iron ore projects in Australia, the world’s biggest exporter, after the collapse of its deal to buy stakes in mines owned by the Rio Tinto Group (RIO:AU). Australia has A$26 billion (US$ 21 billion) of proposed new iron ore mines, [...]
Chinese Mills Turn On the Heat
By Kishori Krishnan Exclusive To Iron Investing News The heat is on. Australian miner Fortescue Metals Group (FMG.AX) said on Thursday that Chinese steel mills are unlikely to get a better deal for iron ore purchases than the 33 per cent reduction agreed by Japanese and South Korean rivals. Fortescue, Australia’s third-largest iron ore miner, [...]
