Fortescue Metals Group is an Australian iron ore company with substantial holdings in the Pilbara region of Western Australia. It is the world’s no. 4 iron ore miner.
Fortescue Metals Group will be allowed to charge Brockman Mining only about half the price it was targeting to let the Hong Kong-based firm use its iron ore rail line, under a state regulator’s landmark ruling on Thursday.Friday, 13 September, 2013, 10:08am
Australia’s Fortescue Metals Group, shored up by soaring iron ore output and deep cost cuts, has scrapped a September deadline for selling a stake in its port and rail business, spurning offers it has received so far.22 Aug 2013 - 3:21pm
Chief executive Neville Power said in a media briefing at the Boao Forum yesterday that the group was studying the feasibility of an initial public offering of FMG Iron Bridge, an iron ore project it jointly develops with Baosteel in Western Australia.8 Apr 2013 - 3:17am
Global credit agency Standard & Poor’s said it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.2 Oct 2012 - 2:14pm
The unexpected suspension of trading in the shares of Fortescue Metals last week is causing headaches for Bank of America Merrill Lynch (BAML), specialist publication Instanter reports.18 Sep 2012 - 3:42am