FMG

Fortescue Metals Group (FMG)

Stock Code

FMG

Stock Exchange

ax

Fortescue Metals Group (FMG) is an iron ore explration company which owns significant iron-ore resources and it is a provider of necessary infrastructure. FMG listed on ASX on 19th of March 1987. During the fiscal year ended June 30, 2007, the company had been exclusively focused on the development of the Chichester Range project situated in the Pilbara region of WA. This project encompasses the construction of a $550M mining and processing facility, a 520km $830M railway system and a $470M port in the Pilbara region of Western Australia.

Fortescue Metals Profit down 40%


Mining company, Fortescue Metals (ASX:FMG) has announced its first half results to the sharemarket.

  • Fortescue Metals Group Net Profit US$478 million, down 40 percent from US$801 million in the previous corresponding period.
  • Revenue was $US3.301 billion, down 2 percent from $US3.357 billion.

Fortescue Seals $1.4 Billion Deal with Leighton


Fortescue Metals (ASX:FMG) has sealed a $1.4 billion deal with Leighton Contractors (ASX:LEI) to deliver a five year full service mine management with a possible two year extension.

  • The five year full service is for its Firetail iron ore deposit at Solomon in Western Australia's Pilbara region.

Fortescue's $4.3 billion Debt Financing Deal


After facing debt turmoil Fortescue Metals (ASX:FMG)is awarded a new debt financing deal from Credit Suisse and JPMorgan.

  • $US4.5 billion (AUD$4.3 billion) debt facility refinancing deal is underwritten by Credit Suisse and JPMorgan.
  • SMH reports that Deutsche Bank's analysts estimated Fortescue now had available funds of $US6.7 billion after the deal.

Debt Fears Dig into Fortescue Mining Share Prices


Fortescue Metals (ASX:FMG) is seeing debt fears affect its share price on the ASX stockmarket. The shares closed yesterday at a three year low, down 48 cents to $2.99.

  • Share prices fell as reports hit the market about Fortescue requesting waiver for all debt covenants for the next 12 months.
  • After ASX stockmarket closed, FMG released an announcement:

Fortescue Metals Loan Extended to End of Month


Australia's third largest iron ore producer, Fortescue Metals (ASX:FMG) have had their lender, Bank of America, extend the syndication deadline of the $1.5 billion loan until the end of the month.

  • The loan facility was underwritten by Bank of America Merrill Lynch
  • The loan facility matures in December 2013. Loan is split equally into a term part and a revolving credit portion.

Fortescue Metals Full Year Profit Results 2012


Iron ore miner, Fortescue Metals (ASX: FMG) have released their full year financial results for FY 2012 to the ASX stockmarket.

  • Full year net profit US$1.6 billion, up 53 percent.
  • Record revenues $6.7 billion.
  • operating sales revenue up 41 percent to $US6.7 billion ($A6.40 billion), last year: $US5.4 billion ($A5.16 billion).
  • Iron ore mined: 60 million tonnes (up 46 percent)

Winners and Losers of Trading for Week 2


The year comes of with a rough start for some and a smooth for others as companies trade stocks for the second week of 2012. Here are the lists of the best and worst traded stocks in the ASX100, ASX200 and All Ordinaries in the Australian Securities Exchange for January 9-13, 2012.

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2012's First Week of the Best and Worst Traded Stocks


The holidays are over and companies are back in business to face the new year for the rollercoaster ride of share prices. The lists below are a record of the best and worst traded stocks in the ASX100, ASX200 and All Ordinaries in the Australian Securities Exchange in the first week of 2012, January 2-6, 2012.

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2011's Last Best and Worst Traded Stocks


As the year 2011 closed, share prices continued to fluctuate as companies and investors continue to trade stocks. This is a record of the best and worst traded stocks in the indices ASX100, ASX200 and All Ordinaries in the Australian Securities Exchange in the last week of 2011, December 26 to 30, 2011.

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