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Fortescue Minerals Data

Fortescue Minerals News

  • Fortescue reports solid quarter 2016-10-20
    Iron-ore miner Fortescue has reported a minor increase in production for the first quarter ended September, as production and shipments remained within guidance. The miner told shareholders on Thursday that it had produced 49.5-million tonnes of ore in the three months to September – a 4% increase on the 47.8-million tonnes produced in the previous quarter.
  • ASX: BC Iron - Sale of Nullagine Interest 2016-10-09
  • ASX: FMG: Fortescue acquires 75% of Nullagine Joint Venture 2016-10-09
  • Fortescue profit jumps threefold to $985m 2016-08-22
    Australian iron-ore miner Fortescue Metals posted a threefold increase in net profit for the year ended June 30, driven by a strong operational performance and an unwavering cost-reduction strategy. Fortescue, which has four mine sites in the Pilbara, increased net income to $984-million, a 212% improvement on the previous year’s $316-million profit, the company reported on Monday.
  • BC Iron keen to develop Bucklands project, considering Nullagine options 2016-08-01
    The board of iron-ore junior BC Iron has approved a new business plan, which will focus the company’s efforts on the Bucklands mine-to-port development, while it is considering its options regarding the suspended Nullagine joint venture (JV) in Western Australia. BC Iron, which posted an A$80-million net loss for the 2016 financial year ended June 30, said on Monday it was assessing its strategic options in relation to Nullagine, which included a potential sale of its interest of a restart of operations.
  • ASX: Resource & Reserve Update as at 30 June 2016 2016-07-27
  • Fortescue production costs to fall even further in FY17 2016-07-27
    Australia’s third-largest iron-ore producer, Fortescue Metals, has lowered its cash production costs (C1) for the tenth consecutive quarter to $14.31/wmt in the three-months ended June 30, while hitting another shipping record. Fortescue shipped 43.4-million tonnes in the final quarter of the 2016 financial year, which is a 3% increase on the third-quarter shipments and a 2% increase on the shipments of the comparative period in 2015.
  • Fortescue takes over operations at Christmas Creek 2016-04-04
    Iron-ore major Fortescue Metals on Monday told shareholders that it would move to a full owner-operator model at its Christmas Creek operations, in an effort to cut back on costs. CEO Nev Power noted that the change would be implemented at the end of September this year, when the current mining services contract with Downer EDI ran out.
  • ASX: Riedel Retains 100% Ownership of Charteris Creek Project 2016-03-13
  • BC Iron cuts back further at Nullagine, provides Buckland update 2016-03-04
    Iron-ore miner BC Iron on Friday announced that it would further cut back operations at its Nullagine joint venture (JV), in the Pilbara, after JV partner Fortescue proved uninterested in low-grade stockpiles. Direct shipping ore (DSO) operations at Nullagine were suspended in December, owing to the ongoing decline in iron-ore prices.

Fortescue Minerals Information

  • Company 2015-05-10
    Fortescue is the New Force in Iron Ore and has joined the world's leading producers of iron ore.

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