Fortescue Metals Group Ltd (FMG.AX) Quote| Reuters.com
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Fortescue Metals Group Ltd (FMG.AX)

FMG.AX on Australia Stock Exchange

3.27AUD
24 Jun 2016
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FMG.AX

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About

Fortescue Metals Group Limited (Fortescue) is an iron ore producer and explorer operating in the Pilbara region of Western Australia. The Company is engaged in the mining of iron ore from its mining properties, operation of rail and port supply chain and the expansion of iron ore operations. Its Cloudbreak mine site is located... (more)

Overall

Beta: 1.65
Market Cap(Mil.): $10,182.12
Shares Outstanding(Mil.): 3,113.80
Dividend: 0.03
Yield (%): 1.53

Financials

  FMG.AX Industry Sector
P/E (TTM): 25.41 21.02 28.93
EPS (TTM): 0.13 -- --
ROI: 1.60 -6.96 8.58
ROE: 3.96 -10.56 9.50

Fortescue to operate second towage service at iron ore port

SYDNEY Australia's Fortescue Metals Group Ltd has won a tender to become the second provider of marine towage services at the port of Port Hedland, the world's busiest export terminal for iron ore.

May 30 2016

Russia's MMK to use funds from selling part of Fortescue stake to repay debt - CFO

MOSCOW, May 6 Russian steelmaker MMK will use funds it is to receive from selling part of its stake in Australian iron ore company Fortescue to repay debt over 2017-2019, Chief Financial Officer Sergey Sulimov said on Friday.

May 06 2016

UPDATE 1-Fortescue sees iron ore steadying as China aligns trading curbs, investment needs

* Says China balancing need for investment with futures curbs (Adds CEO quotes, detail, changes dateline to Sydney)

May 03 2016

Australia's Fortescue says could exceed iron ore output target

SYDNEY Australia's Fortescue Metals Group shipped a flat 42 million tonnes of iron ore in the March quarter, putting it on track to exceed its annual production target, while lowering cash costs by 6 percent from the previous quarter.

Apr 12 2016

UPDATE 1-Australia's Fortescue says could exceed iron ore output target

SYDNEY, April 13 Australia's Fortescue Metals Group shipped a flat 42 million tonnes of iron ore in the March quarter, putting it on track to exceed its annual production target, while lowering cash costs by 6 percent from the previous quarter.

Apr 12 2016

UPDATE 1-Iron ore miner Fortescue drops Downer EDI in costs drive

* Sees a way to cut costs (Adds quotes, details, context throughout)

Apr 04 2016

Fortescue's debt weathers downgrade despite iron ore doubts

SYDNEY Lenders on Tuesday shrugged off the latest downgrade of Fortescue Metals Group, backing the Australian miner's ability to repay its debt amid a strong rebound in iron prices.

Mar 15 2016

China says not received application from Vale, Fortescue for planned JV

BEIJING China's Commerce Ministry said on Thursday it had not received an application for regulatory approval from iron ore miners Vale and Fortescue Metals Group in relation to their planned joint venture.

Mar 10 2016

REFILE-China says not received application from Vale, Fortescue for planned JV

BEIJING, March 10 China's Commerce Ministry said on Thursday it had not received an application for regulatory approval from iron ore miners Vale and Fortescue Metals Group in relation to their planned joint venture.

Mar 10 2016

Brazil Vale still plans asset sales despite Fortescue talks

SAO PAULO Brazilian miner Vale SA still plans to sell about $10 billion of assets in order to reduce debt, even after announcing it was in talks about potentially buying a minority stake in Australian rival Fortescue Metals Group , a press representative told Reuters on Wednesday.

Mar 09 2016

Earnings vs. Estimates

Analyst Research Reports

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