Fortescue has issued a US$650 million repayment notice for its 2019 secured term loan, a week after it began the repayment of US$577 million worth of notes last week.
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Coincidence as BHP follows Rio, cuts guidance
Poor weather in the March quarter was blamed for BHP cutting guidance for iron ore production in the Pilbara, a move which may allow some breathing room for the juniors.
The company has shaved 10 million
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Peter Meurs quits FMG to join the Mormons
Fortescue Metals executive director Peter Meurs has quit the miner to join The Church of Jesus Christ of Latter-day Saints.
He has reportedly accepted a full time international role with the religious
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Downer and FMG end Christmas Creek contract
Downer’s contract at Fortescue Metals‘ Christmas Creek mine will not be renewed as the miner moves to a an owner-operator model.
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Monadelphous sues over delayed contract
Monadelphous has lashed out at development groups over $33 million in cost blowouts for their FMG Pilbara pipeline job.
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Moody’s downgrades FMG, gives negative outlook
Moody’s has downgraded Fortescue Metals’ corporate family rating and its senior secured and unsecured ratings.
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Forrest reignites call for iron ore oversupply investigation
Fortescue Metals’ chairman Andrew Forrest has once again called for a probe into the increasing levels of iron ore oversupply.
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Iron ore sees largest one day rally in years
Iron ore has jumped nearly a fifth in value overnight, marking a continuing strengthening of the commodity over the year to date.
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Fortescue and Vale sign China focused MoU
Fortescue has signed a non-binding MoU with fellow iron ore major Vale S.A. to create a JV and blend their own together.
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BC Iron to close gates at Nullagine
Struggling miner BC Iron has announced a temporary halt to production at the Nullagine Joint Venture (NJV).
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FMG continues debt repayment
Fortescue Metals has used the September quarter wisely, paying back $US384 million in debt.
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Fortescue Metals chief complains about port fees
Fortescue Metals has blown the whistle yet again with fresh complaints against the Western Australian government, this time about the “impost” of port fees.
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FMG launches new Aboriginal apprenticeship program
Fortescue Metals has unveiled a new apprenticeship program focused on increasing the number of Aboriginal tradies.
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Scanning from the skies
Unmanned Aerial vehicles, more commonly known as drones, are becoming a key tool in stockpile survey and other areas, improving the safety and productivity of iron ore operations in WA.
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FMG not in a hurry to sell a stake in its mines
Fortescue Metals Group has been approached by two parties interested in buying a stake in its mining operations, but the company is not in a rush to sell.
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Worker injured at Fortescue mine
A contractor has been injured at Fortescue’s Cloudbreak iron ore mine.
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FMG shares drop to new low
Iron ore producer FMG has seen a massive share price fall in line with the global stock market plunge, dropping all the way to $1.58 this morning at open of trade.
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Fortescue lifts iron ore production, cuts costs
Fortescue Metals Group has increased its yearly iron ore shipments by 33 per cent.
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FMG shuts one camp at Christmas Creek mine
Fortescue Metals Group has shut one of two accommodation villages at Christmas Creek mine in a bid to cut costs.
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Workers injured in Pilbara road accident
Two mining workers have been injured in a vehicle collision that occurred 200km south of Port Hedland on Thursday afternoon.
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