|Bid||5.21 x 40800|
|Ask||5.22 x 4016500|
|Day's range||5.21 - 5.25|
|52-week range||4.52 - 6.83|
|PE ratio (TTM)||10.50|
|Forward dividend & yield||0.33 (7.93%)|
|1y target est||N/A|
Fortescue CEO Elizabeth Gaines discusses the company's earnings and performance, and talks about iron ore shipments to China. She speaks on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
Asia Pacific equities were broadly higher on Wednesday despite a weak lead-in from Wall Street, which made a nervous return from the long weekend break in the US. The S&P 500 snapped a six-session winning ...
Bloomberg's Paul Allen reports on the Australian stock market. He speaks with Ramy Inocencio and Yvonne Man on "Bloomberg Daybreak: Australia." (Source: Bloomberg)
Don't panic if you missed the sharp run up in BHP Billion Limited (ASX:BHP), Rio Tinto Limited (ASX:RIO) and Fortescue Metals Group Limited (ASX:FMG). You might get another chance in a few weeks.
Many were expecting a pullback in the price of iron ore due to seasonal weakness and a slowing Chinese economy. But their faith in this theory is about to get tested.
Fortescue Metals Group is appealing against a native title ruling covering more than 2700sq km of Pilbara land in WA, 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 likely appeal the ruling. Justice Steven Rares travelled to the Millstream Chichester National Park in November to make his final determination, triggering a 21-day period for Fortescue to appeal.
Fortescue's (FMG.AU) on Thursday appointed Elizabeth Gaines as its new chief executive to replace outgoing Nev Power. The company has also appointed Julie Shuttleworth, the general manager of Fortescue’s Solomon operations, to the new role of deputy chief executive. Gaines will be the first female chief executive of a major Australian mining house, and the all-female CEO and deputy combination is believed to be the first for an ASX 200 company, The Australian reported.
Iron ore miner Fortescue Metals has named its finance head Elizabeth Gaines as the new chief executive, after a months-long global search to replace the retiring Nev Power. The company on Thursday also announced further changes to its management team, vowed to raise the grades of its iron ore production and suggested it would likely diversify into other products. Fortescue picked Ms Gaines - a former chief executive of travel group Helloworld - as CEO, less than a year after appointing her to the chief financial officer role.
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 ...
Sydney, Australia, Mar 30, 2017 - (ABN Newswire) - At a time when the financial world seems to be mesmerised by the actions of (and the reactions to) the new Trump Administration in the US, concerned over ...