Markets

Fortescue shares dip after the company misses export forecasts

Quarterly production data for Fortescue Metals Group (FMG) showed iron ore exports dipped at the start of this year. FMG shipped 38.7 million tonnes of iron ore in the March quarter, down from 40.7 million tonnes in the three months to December 2017. Total iron ore mined came in at […]
Fortescue shares dip after the company misses export forecasts
Markets

Fortescue joins the mega mining profit party

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 […]
Fortescue joins the mega mining profit party