Fortescue Opens Firetail Mine
Iron – Australian mining major Fortescue Metals (ASX:FMG) has officially opened its Firetail iron ore mine at its Solomon Hub, reports Australian Mining.
Articles Tagged "Fortescue Metals Group Ltd."
Fortescue Seeks Debt Relief
Iron – Reuters reported Fortescue Metals Group Ltd (ASX:FMG) has asked lenders to waive debt covenants if iron ore prices remain under pressure, the firm said on Thursday.
Fortescue Reaches Three-Year Low
Iron – Bloomberg reported Fortescue Metals Group Ltd. (ASX:FMG) fell to the lowest in more than three years in Sydney trading as the price of the steelmaking material extended losses. As quoted in the market news: Shares of Fortescue, which today was cut to hold from buy at Royal Bank of Scotland Plc, dropped 8.5 percent to A$3.12, its [...]
Fortescue Rating Review Due To Iron Ore Slump
Iron – Bloomberg reported Fortescue Metals Group Ltd. (ASX:FMG) is being reviewed by Moody’s Investors Service for a possible cut to its credit score because of a slump in iron ore prices.
Fortescue Metals Group Profits Rose 53 Percent
Iron – Bloomberg reported Fortescue Metals Group Ltd. (ASX:FMG) said full-year profit rose 53 percent to a record, after an increase in output countered declining prices.
Fortescue Borrows $1.5 Billion
Iron – SMH reported iron ore miner Fortescue (ASX:FMG) has borrowed an addition $1.5 billion to buffer against continuing global economy downfall.
Costs For Fortescue Project Continue to Rise
Iron – Reuters reported Fortescue Metals Group Ltd (ASX:FMG) says its plan to increase iron ore production has now reached a cost of $9 billion.
Fortescue Defends $6 Billion Debt
Iron – Reuters reported Fortescue Metals (ASX:FMG) defended its decision to take on $6 billion in debt for expansion.
What You Don’t Know About Fortescue
Iron – SMH reported on the accuracy of Fortescue Metals Group (ASX:FMG) rags to riches story of its iron mining empire.
Fortescue Metals to Triple Iron Ore Output
Iron – Bloomberg reported Fortescue Metals Group Ltd. (ASX:FMG) is readying to triple its earnings for the year and could be purchased for half its value.
