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. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 5.29. The projected upper bound is: 5.22. The projected lower bound […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group, the world’s No.4 iron ore miner, is looking to diversify its business by investing in energy infrastructure and exploring for gold and base metals, the head of the Australian company told Reuters on Wednesday. Chief Executive Neville Power who is due to step down in […]
Fortescue Metals Group Limited (ASX:FMG) HEFFX Highlights Fortescue Metals Group chief executive Nev Power will step down in February after seven years in charge of the mining company. The world’s forth-biggest iron ore exporter said Mr Power’s decision was consistent with its long-term succession plan to enter a period of growth in other business opportunities. […]
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 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 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 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 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 […]
BC Iron Limited (ASX:BCI) HEFFX Highlights BC Iron Ltd (BCI.AX)’s closing price of $0.175 has closed above it’s Parabolic SAR reading, indicating a potential trend reversal. Parabolic SAR (or PSAR) is a simple, compact indicator that can provide some useful information when taking into account additional trends and factors. It is not typically recommended, however […]
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 […]
OZ Minerals Limited (ASX:OZL) HEFFX Highlights Australian copper and gold miner OZ Minerals has delivered a solid second quarter production report and grown its cash pile to $625 million. Cooper production rose 12 per cent from the first quarter to 28,163 tonnes and the company remains on track to meet full-year production guidance of between […]
BC Iron Limited (ASX:BCI) HEFFX Highlights Needle moving action has been spotted in BC Iron Ltd (BCI.AX) as shares are moving today on volatility 14.71% or $0.025 from the open. The ASX listed company saw a recent bid of $0.195 and 4290000 shares have traded hands in the session. Market watchers diligently track the companies […]
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 […]
Aeon Metals Ltd (ASX:AML) Highlights Shares of Aeon Metals Ltd (AML.AX) are nearing some key technical levels as the Rank Correlation indicator has trending higher over the past few sessions, nearing potential overbought territory. Crossing the 80 mark would suggest that a chance of a reversal is increasing. The Rank Correlation Index (RCI) is based […]
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 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 […]
Mount Gibson Iron Limited (ASX:MGX) Settlement With Koolan July 7 – Mount Gibson Iron will receive a $64.3 million business interruption insurance settlement following the failure of the Koolan Island main pit seawall in October 2014. The company temporarily suspended mining activity at the Koolan Island hematite mine’s main pit due to pit wall instability […]
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 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 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 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 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 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 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 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 […]
A Positive Look at 3 Key Players in Metals & Mining Industries $CS, $AEM, $SLW, $TECK A new Credit Suisse report takes a positive stance on some Key players in the metal and mining industries. Overall the CS analysts see improving apparent demand trends, accelerating global growth, positive earnings revisions and debt reduction as Key […]
Benetti’s Vivace 125 1st Launch, ‘Iron Man’ The Vivace 125′ compliments the Benetti Class Fast Displacement range’s flagship Veloce 140′ and is influenced by its construction technology, styling and layout. So far 5 yachts have been sold. With a length of 38.1m and a beam of 8.3m, built in composites and carbon in the Viareggio […]
Emotional Factors Can Sabotage the Best Diets They Key to addressing emotional eating disorders is awareness People who struggle with their weight know that it is not only at mealtime that they get into trouble; emotional factors can sabotage the best of diets. “Negative emotions often cause people to eat when they are bored, angry […]
The Real Risk Factors for Heart Disease Over the past 60 odd years, by failing to tell the truth and differentiate between trans fats and saturated fats, there is a whole lot of confusion. Further, there is lots confusion about the relationship between saturated fat and cholesterol, plus, there are different types of saturated fats, which may […]
