Fortescue Metals Plans to Sell 30-40% Stake in Port, Rail by June
Reuters reported that Fortescue Metals Group expects to sell approximately 30 to 40% stake in its port and rail unit, The Pilbara Infrastructure, to pay down debts.
Articles Tagged "fortescue metals group"
Fortescue Metals Posts 40% Plunge in Profit on Lower Iron Ore Prices, Scraps Dividend
Bloomberg reported that Australia’s third biggest iron ore producer, Fortescue Metals Group Ltd., said its profit went down 40% because of lower prices of iron ore and said dividends won’t be paid.
Iron Ore at Highest Since January 10 as Chinese Buyers Rebuild
Reuters reported that iron ore has reached its highest in nearly 6 weeks as Chinese buyers start rebuilding stockpiles ahead of firmer spot steel prices.
Iron Market Update (February 18, 2013)
A brief overview of iron price developments, supply and demand and significant market movers.
Iron Market Update (January 24, 2013)
A brief overview of iron price developments, supply and demand and significant market movers.
Fortescue Metals Sells Half its Stake in BC Iron Joint Venture
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.
Fortescue May Revive Iron Mine Plan
Reuters reported Fortescue Metals Group (ASX:FMG) may be able to revive a plan to triple its iron ore capacity, it said on Monday.
Forrest, Fortescue Win High Court Challenge
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.
Fortescue To Face $10 Billion Debt Problem
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.
Fortescue Metals Challenges Government Tax
CNBC reported Fortescue Metals Group (ASX:FMG) lodged a challenge against the High Court regarding Australia's new tax on iron and coal miners.
