Fortescue Metals Group Limited

3.3
The ASX is currently closed for trading or there is no movement for this stock
Fortescue Metals Group Limited (Fortescue) is an iron ore producer and explorer. Fortescue is engaged in mining of iron ore from its Cloudbreak and Christmas Creek mine sites, the operation of an integrated mine, rail and port supply chain and the expansion of iron ore operations. Fortescue also engaged in an exploration and metallurgical program which is progressively developing tenement areas outside of the current mine sites. During the fiscal year ended June 30,... continued
advertisement
Fortescue Metals Group Limited
Fortescue Metals Group Limited (Fortescue) is an iron ore producer and explorer. Fortescue is engaged in mining of iron ore from its Cloudbreak and Christmas Creek mine sites, the operation of an integrated mine, rail and port supply chain and the expansion of iron ore operations. Fortescue also engaged in an exploration and metallurgical program which is progressively developing tenement areas outside of the current mine sites. During the fiscal year ended June 30, 2012, the Company’s ore mined were 64.6 millions of tons, Overburden removed were 276.8 millions of tons, ore processed were 56.9 millions of tons and Ore shipped including third party were 57.5 millions of tons. The Company’s subsidiaries include FMG Pilbara Pty Limited, Chichester Metals Pty Limited, FMG Resources (August 2006) Pty Limited, FMG Resources Pty Limited, International Bulk Ports Pty Limited, The Pilbara Infrastructure Pty Limited and FMG Solomon Pty Limited, among others.

Peer Comparison

Our Peer Comparison tool shows you the current top 5 and bottom 5 performing companies in the ASX.

Latest FMG news

Miners must take pay cut to survive
JUN 19, 2013
With the cost of domestic projects high and return from iron ore expected to reach new lows, it’s no surprise companies like Rio Tinto (ASX: RIO) and Fortescue (ASX: FMG) have axed major projects. Perhaps in a few years, once wages have declined and the price of iron ore returns, we’ll start to see many more projects come online. However, it is estimated that supply of the steelmaking ingredient will exceed demand until 2017, so we are unlikely to see a massive upward trend for at least a couple of years.
8676821
ALSO MENTIONS
ASX, BHP, FMG, RIO
BHP suffers despite falling dollar
JUN 18, 2013
Yesterday, Australia’s largest miners fell like dominos after surging on Friday, whereby companies such as Fortescue Metals Group (ASX: FMG), Rio Tinto (ASX: RIO) and Newcrest Mining (ASX: NCM) all finished in the red. Joining them was BHP, which has fallen a total of 1.3% this week, adding to the pain felt by shareholders this year.
8676497
ALSO MENTIONS
ASX, BHP, FMG, NCM, RIO, WES
Aust shares higher ahead of US Fed meeting
JUN 17, 2013
Renewed demand for banking stocks has driven the overall Australian share market higher.
8676011
ALSO MENTIONS
ANZ, BHP, CBA, FMG, NAB, RIO
+ MORE FMG NEWS
Personal Finance: tips for trading shares
Sharemarket basics: A Numbers GameLooking for shares to back? You'll need all the help you can get. Investing in shares can be something of a numbers game, especially when the financial press is peppered with mention of ratios such as "dividend yield" and "earnings per share". Sharemarket basics: How to Sell SharesWhen you didn't buy your shares in the first place, it's difficult to know where to start when you want to offload them. Allison Tait finds out how best to sell, sell, sell! Learners guide: Investing OverseasInvestors looking to diversify their portfolio could explore the option of investing overseas - after all, the Australian sharemarket represents only a small percentage of the world's markets.
+ MORE SHARE TRADING INVESTING ARTICLES


Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.

"Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies. For additional information on other Reuters media services please visit http://about.reuters.com/media/.

 FTSE®", FT-SE®", Footsie®", ["FTSE4Good®" and "techMARK"] are trade marks jointly owned by the London Stock Exchange Plc and The Financial Times Limited and are used by FTSE International Limited ("FTSE") under licence. ["All-World®", All- Share®"; and "All-Small®"; are trade marks of FTSE.] "The FTSE [NAME OF FTSE INDEX] is calculated by FTSE. FTSE does not sponsor, endorse or promote this product and is not in any way connected to it and does not accept any liability in relation to its issue, operation and trading."