Tags » Fortescue Metals Group

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

1.Market Observations

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

1.Market Observations

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

1.Market Observations

28 Jan 2015 (AFR) - Funds not tempted by iron ore price drop

(28 Jan 2015, AFR, p11, Amanda Saunders)

‘Another ugly dip in the price of iron ore will not tempt Australia’s fund managers back into the sector, with investors saying conditions are still too poor even for bargain hunting. 61 more words

1.Market Observations

"A breakthrough in thinking...powerful conclusion"

The book was launched at The University of Western Australia on November 10 by Peter Meurs, Director of Development at Fortescue Metals Group.

Speeches by John Dell, Faculty of Engineering, Computing and Mathematics, Peter Meurs, and the author. 524 more words

Engineers

The Case of Corruption Scandals in China

The scandals over corruption allegations in China are not new. Under the leadership of President Xi Jinping, China has intensified the investigations of official corruption. Even China’s high-end restaurants have been feeling the effects of these investigations – revenues have significantly dropped last year, showing the slowest growth (9 percent to a total of 2.56 trillion yuan) for the industry in more than 20 years. 329 more words

Steel