Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group, the world’s fourth largest iron ore exporter, said on Friday its chief executive Nev Power would step down in February after seven years in the role. The Australian mining group did not name a successor but said it was confident of finding a replacement for Mr […]

Fortescue Share Price Low

Fortescue Share Price Low

Although the market has bounced back from yesterday’s decline and is up 0.3% in morning trade, the Fortescue Metals Group Limited (ASX: FMG) share price and the Atlas Iron Limited (ASX: AGO) share price have sunk deep into the red. At the time of writing the shares of the two leading iron producers are down 2.5% and 5%, respectively. Why have […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Mr Power said Fortescue is “reviewing proposals right now” for solar, and for the extension of the gas and power distribution grids near its operations as it sought to improve efficiency and environmental performance of energy supply for its mines. “They are the three key areas that we […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group insists its new, more generous, dividend policy will be dependable despite the inevitable gyrations of the iron ore market. The company on Monday announced it would triple its full year dividend to 45 cents per share (Australian dollars) compared to last year and that it […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Vito Forte will next month join Edith Cowan University as its chief information officer. Until early 2015, Forte was CIO at Fortescue Metals Group before ending his four-year tenure for a position at Oracle. Prior to his stint at the resources company he was the IT chief at […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Nev Power, CEO at Fortescue Metals Group, wants to quash the wild swings in iron ore prices. Speaking at the Diggers & Dealers mining forum in Kalgoorlie, Western Australia, Power said the extreme swings in iron ore prices were being amplified by speculative futures trading, suggesting that it […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals’ future dividend is in the spotlight right now amid growing expectations the board will increase its annual payout to put its surplus cash to work. The resurgent iron ore major delivers its annual numbers on August 21 and a growing number of analysts believe the company […]

Fortescue Metals Group To Ease-up or Stay Aggressive

Fortescue Metals Group To Ease-up or Stay Aggressive

Shares of Fortescue Metals Group Ltd (FMG.AX) is moving on volatility today 5.90% or $0.32 rom the open. The ASX listed company saw a recent bid of $5.74 on 35180000 volume. Investors may be looking for the next positive catalyst to create a solid breakout. Some may be wondering when the party will end, and it remains to be seen if excess […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Iron ore miner Fortescue Metals Group says it can get its cash costs to as low a $US11 a tonne in the 2018 financial year, after slashing costs by 15 per cent across 2016-17. Fortescue said on Thursday it had shipped 44.7 million tonnes in the quarter, taking […]

Fortescue Metals Group Sued For Compensation

Fortescue Metals Group Sued For Compensation

The Federal Court has granted native title to 2,700 square kilometers of land in the ore-rich Pilbara to the Yinjibarndi people, an area just north of Karijini National Park incorporating FMG’s multi-billion dollar Solomon Hub mine. The decision paves the way for the Yindjibarndi people to sue Andrew Forrest’s FMG for millions of dollars in compensation. […]

Fortescue Metals Group Limited (ASX:FMG) Trading Outlook

Fortescue Metals Group Limited (ASX:FMG) Trading Outlook

Fortescue Metals Group Limited (ASX:FMG) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. By the way, prices are vulnerable to a correction towards 5.31. The projected upper bound is: 5.36. The projected lower bound is: 4.63. The projected closing price is: 4.99. FORTESCUE FPO […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group is set to appeal against a native title ruling which could force the company to pay millions of dollars in compensation for its Solomon Hub mine in WA’s Pilbara region. The Federal Court has granted native title to 2,700 square kilometres of land in the […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights THE Federal Court has found a major indigenous group in the Pilbara is entitled to ­exclusive native title rights over land on which Fortescue ­Metals has built its Solomon iron ore mine. It paves the way for a ­potentially massive compensation claim against the ­company founded by chairman […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Andrew Forrest’s Fortescue Metals Group has flagged it will add the capacity for another 20 million tonnes a year of iron ore production when it develops its next Pilbara mine, just two years after it led a controversial campaign for Australia’s big iron ore producers to cap their […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights If the Australian Rugby Union want to kill the Western Force, they are going to have to defeat the riches of mining magnate Andrew Forrest first. The Force’s bid for survival received a massive boost on Saturday when Forrest pledged to do everything within his powers to help […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group Limited share price falls 5% There is mounting speculation Australia’s third force in iron ore, Fortescue Metals Group, will hit the top end of its annual export guidance, and possibly exceed it, after a strong end to the year. But the price FMG receives for […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Truck drivers will soon be all but a thing of the past at Fortescue Metals’ Pilbara iron ore operations, with the Andrew Forrest-led company unveiling plans to become the first miner to fully automate the majority of its haul-truck fleet. Fortescue, which operates 56 self-driving trucks at its […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights The Fortescue Metals Group Limited (ASX: FMG) share price fell 4.6% to $4.52 today at around a six-month low as the iron ore price continues to drift lower. According to the Metal Bulletin iron ore currently sells for around US$56.40 a tonne which is around one quarter lower […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlight

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlight

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlight Fortescue Metals G (NASDAQ:FSUGY) has earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation […]

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights

Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group has launched a bond offering for US$1bn of senior unsecured notes. Proceeds from the issue will be used to pay down debt. Iron ore magnate and philanthropist, Andrew Forrest and his wife Nicola, have announced Australia’s largest philanthropic donation of $400 million for a variety […]

Fortescue Metals Group (ASX:FMG) Heffx Trading Outlook

Fortescue Metals Group (ASX:FMG) Heffx Trading Outlook

Fortescue Metals Group (ASX:FMG) Heffx Trading Outlook Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 5.32. The projected lower bound is: 4.55. The projected closing price is: 4.94. Candlesticks A white […]