Fortescue has released its March 2018 quarterly production results, reporting iron ore shipments of 38.7 million tonnes (mt) and cash production costs (C1) of US$13.14 per wet metric tonne (wmt). Year to date C1 costs are US$12.43/wmt, equivalent to a … Continue reading Fortescue Metals Group Provides Quarterly Activities Report
Fortescue Metals Group announced a voluntary redemption notice of US$1,552 million in relation to the 9.75% Senior Secured Notes due in 2022 (the “Notes”). The combination of proceeds from the US$1.4 billion Term Loan signed on 21 February 2018, the issue … Continue reading Fortescue Metals Group Announces Redemption of US$1,552m of Senior Secured Notes
Fortescue Metals Group Limited (Fortescue) (ASX: FMG) has today priced an offering of US$500 million of 5.125% Senior Unsecured Notes due 2023. The offering is expected to settle on or about 15 March 2018, subject to customary closing conditions. The … Continue reading Fortescue Metals Group Announces Successful Completion of US$500m High Yield Bond Offering
FMG Resources , an Australian corporation and a direct wholly-owned subsidiary of Fortescue Metals Group Ltd (ASX: FMG), an Australian corporation, announced today that it is offering to purchase for cash up to US$1,400,000,000 in aggregate principal amount of its … Continue reading Fortescue Metals Group Launches US$1.4bn Tender
Fortescue Metals Group Limited has announced the details of the key terms of the employment contract for Ms Elizabeth Gaines as incoming Chief Executive Officer, effective 19 February, 2018 Fortescue Chairman, Mr Andrew Forrest AO said the Board recognised the need … Continue reading Fortescue Metal’s Mr. Nev Power Resigns
Fortescue Metals Group’s (ASX:FMG) Billion Opportunities program has reached a significant milestone, recognising the award of A$2 billion in contracts and sub-contracts to Aboriginal businesses and joint ventures. The Billion Opportunities program commenced in 2011 as an initiative to promote … Continue reading Fortescue Metals Group Achieves A$2Bn Opportunities Milestone
Fortescue has released its December 2017 quarterly production results, reporting total shipments of 40.5 million tonnes of iron ore. Cash production costs were lowered to a record US$12.08 per wet metric tonne. Cash on hand at 31 December 2017 was … Continue reading Fortescue Metals Group Provides Quarterly Production Report (December 2017)
Fortescue Metals Group (ASX: FMG), the global leader in the iron ore mining and production, announced outstanding results for the financial year ending June 30th 2016. Net profit after tax (NPAT) rose almost three fold during the year to … Continue reading Fortescue Metals- FY16 Results coverage
