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 share prices of Fortescue Metals Group Limited (ASX:FMG) and South32 Ltd (ASX:S32) are both up more than 5% due to a trade war truce between the US and China.
The Fortescue Metals Group Limited (ASX:FMG) share price was trading 4% lower on Thursday after the Australian iron ore heavyweight released its quarterly production report.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.13% at lunch.
Fortescue Metals Group Limited (ASX:FMG) released its 2018 financial results this morning and declared a final dividend of 12 cents per share.
Here are the headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and Australian finance circles on Monday morning.
Atlas Iron Limited (ASX:AGO) shareholders have woken to the news that its board has recommended the takeover offer from Gina Rinehart’s Hancock Prospecting. But Fortescue Metals Group Limited (ASX:FMG) is circling.
Here are the news headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) on Friday. In focus: Gentrack Group Ltd (ASX:GTK) reaffirms guidance and the Atlas Iron Ltd (ASX:AGO) board tips the Hancock offer.
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.5% at lunch.
Fortescue Metals Group Limited (ASX:FMG) announced that its board has approved the development of the West Australian Eliwana mine and rail project, estimated to cost $US1.275 billion.
