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Tag: Fortescue Metals Group Ltd
Mine tycoon Gina Rinehart's flagship company saw profits soar to more than $ 7 billion after its coffers were rocketed by record iron ore prices.
Rio Tinto (RIO) -6.2%, BHP (BHP) -5.7% and Vale (VALE) -4.7% ahead of the market as iron ore futures in Singapore after further containment of the steel industry in ...
Iron ore has extended its plunge below $ 100 a ton as China tightened industrial restrictions in some provinces, which will put further pressure on prices.
Amid China's tough crackdown, some are wondering whether to invest in Chinese assets at all.
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Elizabeth Gaines, CEO of Fortescue Metals Group, has indicated that the iron ore miner is prepared for the worst of the COVID-19 scenario, with precautions in the event of an outbreak.
Another record quarter for Fortescue Metals Group's pilbara iron ore operations helped the Andrew Forrest-controlled miner set a new benchmark for exports.