Fortescue Ltd (ASX: FMG) is a global leader in the iron ore industry, known for its leading development of world class infrastructure and mining assets in the Pilbara region of Western Australia. Fortescue was founded in 2003 by Andrew Forrest, who is now one of Australia’s wealthiest people. The vast majority of Fortescue’s iron ore, a steel-making ingredient, is shipped and sold to Chinese customers.
The S&P/ASX 200 (ASX:XJO) overcame another 8% fall in the iron ore price to deliver a 0.4% gain on Friday as REA (ASX:REA) reported results.
The S&P/ASX 200 (ASX:XJO) powered to another record close on Monday on what’s been dubbed ‘the biggest day in Australian sharemarket history’.
The S&P/ASX 200 (ASX: XJO) finished 0.3% lower on Friday. Redbubble (ASX:RBL) and Marley Spoon (ASX:MMM) shares are in the news.
The S&P/ASX 200 (ASX:XJO) delivered another positive day, adding 0.5% as the trifecta of ASX iron ore miners all hit record highs.
The Fortescue Metals Group Limited (ASX:FMG) share price is up 2% after the mining giant released its June quarter production numbers.
Another Australian reporting season is set to kick off tomorrow. Here are four things I’ll be keeping an eye out for.
The S&P/ASX 200 (ASX: XJO) managed a 0.2% gain on Friday as Rio Tinto (ASX:RIO) and Evolution Mining (ASX:EVN) shares make headlines.
The S&P/ASX 200 (ASX:XJO) started the week on a positive note, adding 0.9% on Monday. Wesfarmers (ASX:WES) and API shares are in the news.
Is the Fortescue Metals Group Limited (ASX:FMG) share price a buy for dividends? It has a very high income yield.
