Fortescue has reported a full-year net profit after tax of $2.093 million, against a market forecast of $2.125 million. The result represents a 113% increase on the prior year, as the company took advantage of higher prices for iron ore combined with an increased focus on costs. This table from […]
Fortesuce Metals Group joined its fellow miners in posting a surge in profit amid a rally in iron ore prices. The Perth-based company said net profit soared almost four-fold to $US1.2 billion from $US319 million, a year earlier. Revenue climbed 34% to $US4.5 billion and it announced a dividend of […]
Handling business from Australia.
He's playing the "long game".
"All of us should cap our production now."
"Let's cap our production right here and start acting like grown-ups."
First half results.
China and iron ore.
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The miner denies the rumour.
Get used to margin pressure.
Atlas Iron is the most shorted stock on the ASX.
Offsetting commodity price falls.