Fortescue Metals Group Ltd

Vale Ties Up With Fortescue Possibly To Develop Mixed Blend Iron Ore Plant In China

Brazilian iron ore miner Vale and Australian miner Fortescue, both have reduced their debt burdens significantly through disposing less prospective assets. Under such situations, news for tying up with each other seems to be unusual. But analysts observe the move as highly strategic to cope up with the market situation.

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Fortescue H1 profit slips amid poor commodity prices

Fortescue Metals reported a 4% decline in its first six-month net profit owing mainly to the fall in commodity prices. The company has declared an interim dividend of A$0.03 (fully franked).

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Australia's Fortescue tells miners to work more as iron ore price sinks

Australia's Fortescue Metals Group Ltd will change its roster to increase the time workers spend at mines, as the world's fourth largest iron ore producer rushes to reduce costs in the face of plunging prices for the steelmaking ingredient.

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Fortescue Metals Group Ltd hopes to sell port and rail assets by September

Fortescue Metals Group announced its continued efforts to sell minority stake of their port and rail assets.

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