|Bid||5.02 x 137700|
|Ask||4.28 x 2084000|
|Day's range||4.63 - 4.68|
|52-week range||4.52 - 7.27|
|PE ratio (TTM)||6.94|
|Forward dividend & yield||0.33 (6.95%)|
|1y target est||N/A|
Iron ore jumped again in overnight trade and looks poised to enter a new bull market. But how long can the party last?
Fortescue Metals Group is still considering whether to appeal a native title ruling covering more than 2700sq km of Pilbara land, including where the company operates its Solomon iron ore mine. When the Federal Court recognised the Yindjibarndi people as having exclusive rights to the land in July, the company said it would look at its options and would likely appeal the ruling. On Monday, Justice Steven Rares travelled to the Millstream Chichester National Park to make the final determination, finalising the settlement process and triggering a 21-day period during which Fortescue can appeal.
Fortescue Metals Group has appointed two of its directors as deputies to chairman Andrew Forrest. Mark Barnaba, who heads the Fortescue board's audit and risk management committee, will become the co-deputy chair along with Sharon Warburton, who is the head of the board's remuneration and nomination committee. The iron ore miner did not disclose any reasons for the appointment.
Iron ore miner Fortescue Metals Group has appointed two of its directors as deputies to chairman Andrew Forrest. Mark Barnaba, who also sits on the board of the Reserve Bank of Australia, will be a deputy ...
Fortescue Metals Group Ltd., the fourth-biggest iron ore exporter, reported first-quarter sales remained steady as costs continued to decline.