Australian miner Fortescue has announced that it has officially opened its 40 million mt per year Kings Valley iron ore mine in its Solomon Hub in the Pilbara region, Western Australia, marking the completion of the $9.2 billion expansion ...
Tags: Iron Ore Mine, miner, Fortescue
According to report, Australian miner Fortescue Metals Group Ltd opens new mine named Firetail at Solomon. It is another step to become one of Asia’s major supplier. The development of Firetail mine for the first stage costs US 3.2 ...
Tags: Fortesuce, Firetail Mine
Local shares closed higher yesterday, even after paring a sharp rise early on in the session, as investors took profits ahead of an interest rate decision due from the Reserve Bank of Australia today. The stockmarket was buoyed by growing ...
Tags: Local shares, US Jobs Growth
Australia's third-biggest iron ore producer Fortescue Metals Group Ltd (Fortescue) has announced its operating results for the first quarter of 2013. Fortescue said in its statement that its total iron ore shipments during the March ...
Tags: Fortescue, Improved Iron Ore
Fortescue deferred the Kings iron ore project in September 2012 in response to volatile market conditions but with a recent marked improvement in iron ore prices and market outlook, along with a number of measures undertaken by Fortescue ...
Tags: iron ore, iron ore project, iron ore prices, Fortescue