Fortescue Metals Group Ltd (FMG.AX)
23 May 2019
LAUNCESTON, Australia (The opinions expressed here are those of the author, a columnist for Reuters.)
LAUNCESTON, Australia, May 22 While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty.
May 22 Fortescue Metals Group Ltd on Wednesday said it will spend about $287 million to develop the Queens Valley mining area in the iron ore rich Pilbara region of Western Australia.
April 18 Iron ore miner Fortescue Metals Group Ltd on Thursday reported flat third-quarter iron ore shipments and joined other big miners in trimming its annual shipments forecast because of disruptions caused by a tropical cyclone.
April 18 Iron ore miner Fortescue Metals Group Ltd reported on Thursday flat third-quarter iron ore shipments and cut its annual shipments forecast because of disruptions caused by a tropical cyclone.
April 12 Australian shares advanced on Friday, outperforming regional markets as higher iron ore prices supported large miners such as Rio Tinto and Fortescue Metals Group.
April 10 Australian shares tracked their Wall Street counterparts lower on Wednesday, on new global growth worries and fresh trade tensions between the United States and the European Union.
MELBOURNE Mining giants Rio Tinto, BHP Group and Fortescue Metals said their Australian operations had suffered some impact after two cyclones hit the country over the weekend, with clean up starting on Monday in the wake of the storms.
* Cyclone Veronica fades, Trevor downgraded to low pressure system
March 21 Australian shares are poised to open lower on Thursday, as a sharp drop in iron ore prices is likely to weigh mining stocks, with heavyweights Rio Tinto Ltd and Fortescue Metals Group Ltd likely to extend their declines. China's iron ore futures plunged nearly 6 percent on Wednesday, on expectation of higher supply as Brazil's Vale SA is set to resume work at its largest iron ore mine in Minas Gerais state. The local shar