Fortescue Metals Plans to Sell 30-40% Stake in Port, Rail by June
Iron – 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
Iron – 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
Iron – 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)
Iron – A brief overview of iron price developments, supply and demand and significant market movers.
Iron Market Update (January 24, 2013)
Iron – 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
Iron – 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
Iron – 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
Iron – 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
Iron – 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
Iron – CNBC reported Fortescue Metals Group (ASX:FMG) lodged a challenge against the High Court regarding Australia's new tax on iron and coal miners.
