ASX closes 0.5% lower, BHP, Fortescue drop
The ASX 200 closed 0.5 per cent lower, extending its losses for a fourth day in a row. Unemployment falls to 13-year low. Newcrest record profit. Treasury Wine ups dividend. Origin, S32 losses.
Fortescue Metals
Covid case a social distant memory
Fortescue’s announcement on Wednesday that it might have had an active case of Covid-19 at its Cloudbreak mine sent a shiver of fear through the Diggers community.
Fortescue to keep mining after Covid scare
A potential Covid-19 case at a Fortescue Metals mine sent shockwaves through the mining industry on Wednesday.
China holds mining giants and Australia hostage
Australia’s prosperity is now totally dependent on China, the major buyer and price setter for the almost one billion tonnes of iron ore we shipped north over the past year.
Fortescue quizzed on green energy push
Fortescue Metals Group has outlined plans to pump up to $800m into its global green energy plans this financial year.
Fortescue poised for dividend splash
Fortescue finished June with $9.4bn in the bank, paving the way for a bonanza payout to shareholders including Andrew Forrest.
ASX closes up 0.5% after miners set records
Stocks finish up 0.5 per cent, led by mining heavyweights BHP, Rio Tinto and Fortescue Metals. China’s market rallied as government sought to calm investor jitters.
ASX200 ends up 0.8%; BHP +3.2%
Australian shares rose strongly on light volume after China’s liquidity boost late Friday boosted global markets and investors brushed off Sydney’s worsening Covid outbreak and the prospect of an extended lockdown.
Twiggy takes hydro dream to Africa
Fortescue Metals has signed on to conduct a feasibility study into the world’s biggest hydro-electric project in the Democratic Republic of Congo.
Steering FMG’s hydrogen-powered green energy dream
Julie Shuttleworth’s mining career has taken her from chopping up gold bars in a Chinese bank with a hacksaw to driving Fortescue’s dream of green hydrogen power.
WA makes iron ore cash grab
WA has moved to squeeze an extra $195 million out of the state’s iron ore cash cow after increasing port fees by 25 per cent.
Fortescue big build blowout hits $1.2bn
Fortescue Metals Group says the true extent of blowouts at its troubled Iron Bridge magnetite mine could hit $US900m, almost 35% above initial cost estimates.
New record: ASX up 1.2% for highest-ever daily close
ASX rises 1.2 per cent to hit its highest ever daily close, with iron ore strength powering the index past any worries about Victoria’s outbreak.
Fortescue, Chinese firm Sinosteel share in SA resources grants
The State Government will dish out almost $4.5m in grants designed to boost resources exploration and mining.
ASX takes pre-Budget dip as Afterpay, Fortescue drop
Australian shares dived as a spike in US inflation expectations and consequent sharp drops in the S&P 500 and Nasdaq 100 sparked a pullback in global markets.
Why house prices can’t keep this up
James Kirby and Alan Kohler question whether Fortescue can float on hydrogen, look at why the RBA Governor doesn’t have a defined benefit fund, and check up on Bitcoin’s latest movements.
Fortescue set for record year as iron ore soars
Fortescue on track for record iron ore shipments for the year as prices surge, despite weaker exports in the March quarter.
ASX rises to post-pandemic high
The S&P/ASX 200 rose 0.2% to a post-pandemic high of 7082.3 as US futures jumped on gains in Facebook and Apple. Woolworths drops on sales update. Energy Australia announces Catherine Tanna’s replacement. New ASIC boss named.
Shock and ore – is this our last China windfall?
How many warnings do we need about our over-reliance on iron ore to China?
Power thought to be behind mining SPAC
Former Fortescue boss Nev Power could be looking to the US for the next leg of his life after iron ore.
‘Uninspired, directionless’ ASX dips
The ASX eased despite a positive US lead, with retailers and travel stocks among the laggards, but Fortescue rose amid high iron ore prices.
ASX ends down 0.2% at day’s low
Stocks fall 0.2% in quiet trading as reopening stocks weaken, but Fortescue leads a rise in iron ore miners, NIB Holdings surges on positive trading update.
UBS forecasts iron ore price drop
Analysts at the investment bank say iron ore is likely to drop below $US100 within a year and have hit Australian miners with rating downgrades.
Buying lacks conviction as investors keep wary eye on Fed
It was a sharp but unconvincing rise in Australian shares this week.
Forrest unveils ambitious renewables target
Fortescue chair Andrew Forrest has announced plans to produce or ‘help produce’ more than 1000 gigawatts of zero emission energy.
Miner ‘withholds $3.5m royalties’
Pilbara traditional owners say millions of dollars in royalties were withheld by Fortescue Metals Group and only paid to them two days after the company breached heritage condition.
Billionaires who love to give money away
Australia’s wealthy are involved in charity pursuits at a much earlier stage of their career than ever, with young tech elites leading the way.
Forrest’s plan to replace a billion litres of diesel
Billionaire Andrew Forrest is trialling three new energy projects designed to replace more than a billion litres of diesel a year and make his company carbon neutral 10 years ahead of schedule.
Looking to invest in renewables? Keep looking
Tilt’s exit leaves the ASX virtually a renewables-free zone, but Fortescue and AGL are laying bets on the industry’s future.
Rinehart shuffles deck at Roy Hill
Billionaire Gina Rinehart has made a key appointment to Hancock Prospecting as her mining and pastoral group looks to develop new projects.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/17