Fortescue Metals Group Ltd (FMG.AX)
24 Apr 2017
* Imports to stay at high level or even grow - Fortescue CEO (Recasts with March figures, industry comment, copper imports)
SYDNEY World No. 4 iron ore miner Fortescue Metals Group reported a 6 percent fall in third-quarter shipments on Thursday but said it was still headed for a bumper year.
* Full-yr guidance intact (Adds iron ore market prices, outlook, Fortescue costs, paragraphs 2-4)
MELBOURNE, March 24 Fortescue Metals Group Ltd , the world's No.4 iron ore miner, will pay down $1 billion in a term loan on March 30, it said on Friday, as it looks to continue its cost-cutting drive.
* Refers to media reports regarding submission of an indicative bid for Wesfarmers Curragh coal mine assets
SYDNEY, Feb 22 Australia's Fortescue Metals Group Ltd on Wednesday reported a 383 percent rise in interim net profit to $1.2 billion, surpassing the $319 million in the year-earlier period on the back of a surprise surge in iron ore prices, but still fell short of market expectations.
SYDNEY A Chinese crackdown on inefficient steelmaking will support demand for iron ore imports, Australia's Fortescue Metals Group said on Wednesday, maintaining its forecast for record shipments this year amid a rebound in prices.
SYDNEY, Jan 31 A Chinese crackdown on inefficient steelmaking will support demand for iron ore imports, Australia's Fortescue Metals Group said on Wednesday, maintaining its forecast for record shipments this year amid a rebound in prices.
SYDNEY, Jan 31 World no. 4 iron ore miner Fortescue Metals Group on Tuesday reported a slight drop in second-quarter shipments but remained on track for a bumper year as demand and prices continue to outstrip forecasters' expectations of a slowdown.
SYDNEY Fortescue Metals Group secured 42 mining and exploration leases in the world's biggest iron ore precinct last financial year ahead of competitors being notified the land was even available, parliamentary documents show.