Fortescue Metals Group Stock News
A$14.51
0.07%
Australia, Oct 28, 04:10 pm AEDT.
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Fortescue Metals Group Stock News
Australia's PLS Group signed a 20-year power purchase agreement with FMG Clean Energy on Wednesday, owned by iron ore miner Fortescue , to meet growing power demand at its Pilgangoora operation
Fortescue, one of the world's biggest iron-ore miners held guidance steady for shipments for the 12 months through June, but said the outlook hinged on securing a deal with China Mineral Resources Group.
BHP Group Ltd (LSE:BHP, ASX:BHP), Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) and Fortescue Ltd (ASX:FMG) shares have fallen to multi-month lows as weaker iron ore prices, concerns over global capital expenditure and softer earnings expectations put pressure on Australia's major miners. BHP was down 1% to $57.92 after falling as much as 1.5% to a three-month low of $57.69, bringing the stock wi...
Australian miner Fortescue posted a 5% drop in fourth-quarter iron ore shipments on Friday, hurt by subdued performance at Hematite operations.
Fortescue on Monday said it had been served with a class action on behalf of current and former female employees alleging sexual harassment and sex discrimination.
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