Tags » Fortescue Metals Group

25 Nov 2015 (AFR) - Chinese forecaster says slump in demand will stall ore at $US40 - Get used to $US40 iron ore – China steel chief

(25 November 2015, AFR, p29, by Perry Williams)

‘Rio Tinto, BHP Billiton and Fortescue Metals Group should get used to the price of iron ore trading in a narrow $US40 a tonne range due to declining demand for steel, according to an official Chinese forecaster. 53 more words

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ASX Investor Update newsletter

The October 2015 edition of the monthly ASX Investor Update newsletter includes an article on Resource Stocks, authored by Robert Brain.

See the full article at the ASX web site… 12 more words

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Global Mining: With iron ore prices in free fall, S&P's warns of imminent downgrade for several miners

The risk rating agency Standard & Poor’s said on Monday it may cut in two or three weeks the notes of risk of several renowned mining due to lower prices estimated for iron ore in this and the coming years. 101 more words

Mozambique Mining Industry

10 Apr 2015 (TheAge) - US bond investors sell out of Fortescue, Emeco as iron ore price plunge hits

(10 April 2015, The Age, BusinessDay, p23, Jonathan Shapiro)

‘US investors are selling out of billions of dollars of Australian mining companies’ bonds and loans because plunging iron ore and coal prices make it less likely they will get paid back. 34 more words

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10 Mar 2015 (AFR) - Short sellers target vulnerable Australian companies

(10 March 2015, AFR, p11, Bianca Hartge-Hazelman, Jonathan Shapiro and Vesna Poljak)

‘Professional investors are starting to selectively short the Australian sharemarket, ramping up their bets on falling stock prices by an additional $168 million since the start of the year as the fading of the recent rally puts the focus back on companies with weaker fundamentals.’ 10 more words

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30 Jan 2015 (AFR) - Fortescue still confident after iron ore crisis - cuts cash costs, shipments soar

(30 Jan 2015, AFR, p13, Amanda Saunders)

‘A falling Australian dollar and a ­collapse in the oil price are underpinning Fortescue Metals Group’s hopes of cutting costs further this half, as the miner strives to keep its break-even position comfortably ahead of a ­massive slump in the iron ore price. 32 more words

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