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iron ore plunge weakens bhp fortescue


Cost cuts keep Fortescue in black despite iron ore plunge

Apr 16 2015 · Australia s Fortescue Metals Group Ltd slashed costs more than expected to stay in the black last quarter as it scrambles to avoid the fate of smaller rivals in the beaten down iron ore market Two small iron ore companies have shut mines in the past week while Goldman Sachs NYSE GS PB

Fortescue running in black despite iron ore plunge

Apr 16 2015 · Australia s Fortescue Metals Group Ltd FMG AX signalled it is still operating in the black despite a plunge in iron ore prices after driving down costs potentially easing pressure on the miner to quickly refinance its debt pile The attack on costs which took its break even cost for mining iron

China s steel iron ore futures plunge wiping out recent

May 10 2016 · Steel and iron ore futures traded in China sink for a sixth straight day wiping out much of their recent rally on expectations of more cooling measures from Chinese regulators and rising stockpiles

Fortescue Annual Profit Plunges Amid Iron Ore Downturn

SYDNEY Fortescue Metals Group Ltd FMG AU said annual profit sank 88 after a plunge in the value of the iron ore it mines On Monday the Australian company the world s No 4 exporter of the steelmaking commodity reported net profit of US 316 million for the year through June down sharply from profit of US 2 74 billion the year earlier

Fortescue says it can withstand iron ore slump MarketWatch

Apr 16 2015 · Fortescue has risen from a tiny explorer to become the world s fourth largest iron ore exporter in decadelong campaign that sees it now shipping ore to

Iron ore prices plunge below 80 ton slamming producers

Nov 11 2019 · Australia s big three iron ore producers BHP BHP 1 Rio Tinto RIO 1 5 and Fortescue OTCQX FSUMF 6 2 are lower as seaborne iron ore prices sink to nine month lows below US 80 mt Market

Fortescue treads water as prices tumble SBS News

Fortescue Metals appears to be treading water as the iron ore price plunges to its lowest level in a decade Analysts say chief executive Nev Power is looking to slash more costs which could

Australian Iron ore miners plunge amid a recovery in the

Iron ore Miners on the Australian Stock Exchange reacted over the rise in the ore supply across the globe and share prices of various miners such as BHP Billiton South32 Fortescue Metals Rio Tinto plunged during the day session

The 7 Biggest Iron Stocks The Motley Fool

May 21 2020 · A brief scare over a perceived China threat to iron ore exports put a dent in mining stocks on Thursday but Australias major producers are still raking in cash as the iron ore

BHP Fortescue achieve record exports 9Finance

The increase in iron ore production by mining heavyweights BHP Billiton ASX BHP and Fortescue Metals Group ASX FMG has contributed towards a record

Iron Ore Bulls Take to Their Heels as Futures Plummet

Aug 05 2019 · Iron ore has gone from high flier to sinking star in a matter of weeks The commodity that lit up the first half with a stunning rally dropped back below 100 a ton as supplies pick up mills

Iron Ore Plunge Weakens BHP and Fortescue S P Says as

Oct 03 2014 · Plunging iron ore prices will probably weaken BHP Billiton Ltd s credit metrics and hurt profits at Fortescue Metals Group Ltd Standard Poor s said

BHP Rio Tinto deliberately sinking the price of iron ore

Sep 10 2014 · But in August exports of iron ore from Port Hedland the world s major iron ore export outlet totalled a record 37 3 million tonnes with shipments to China mostly by BHP and Fortescue

BHP Fortescue achieve record exports Motley Fool Australia

Oct 04 2013 · BHP Fortescue achieve record exports Iron ore exports took a sudden plunge last year when the commodity s price tag dropped below US 100 per tonne but

The Iron Ore Boom Looks Like It s About to Go Bust Barron s

Aug 02 2019 · The recent iron ore boom may be ending Production of the mineral which is used to make steel is rebounding after recent disaster related interruptions to mining operations

Fortescue running in black despite iron ore plunge

Apr 16 2015 · Australia s Fortescue Metals Group Ltd FMG AX signalled it is still operating in the black despite a plunge in iron ore prices after driving down costs potentially easing pressure on

Coronavirus outbreak hits mining shares after iron ore

Some of the world s biggest mining companies are battling a plunge in the price of iron ore prompted by the deadly coronavirus outbreak in China Shares in BHP Rio Tinto and Fortescue Metals Group three leading producers with huge operations in Australia have tumbled this week owing to

Iron ore price plunge

A steel industry executive a is perplexed by the inability of the world s biggest miners of iron ore to accept the new reality Iron ore price plunge – Mining CEOs didn t hear obvious message from China 2nd September 2015 2nd September 2015 by Alec Hogg

Iron ore prices plunge August 2 2019 Friday 02 August

Aug 02 2019 · Fortescue s iron ore shipments increase in March quarter 28 Apr BHP Billiton plans to increase iron ore exports from Port Hedland 21 Apr BHP Billiton maintains its iron ore output guidance for FY 2019 20 17 Apr Rio Tinto increases iron ore shipments in Q1 strong demand from China

4 Top Iron Stocks to Buy Now The Motley Fool

Meanwhile just four companies BHP Group Fortescue Metals Group Rio Tinto and Vale control 70 of the global seaborne iron ore export market That s why these four top the list of iron

Fortescue Metals cost killing beast helps it to head off

Nov 25 2015 · Fortescue Metals cost killing beast helps it to head off the iron ore plunge Tess Ingram Reporter Updated Nov 25 2015 – 3 59pm first published at 11 29am

BHP Fortescue Iron Ore Port to Reopen as Storm Passes

Port Hedland which closed on Tuesday evening is used by BHP Billiton Fortescue Metals Group and Atlas Iron to ship iron ore cargoes which this year are expected to exceed 200 million tons

Flat iron ore result tipped for BHP NewsComAu

Jan 21 2013 · A flat production performance in iron ore is being tipped by some analysts when BHP reports its quarterly figures for the three months to December 31 on Wednesday

Coronavirus outbreak hits mining shares after iron ore

Jan 30 2020 · Some of the world s biggest mining companies are battling a plunge in the price of iron ore prompted by the deadly coronavirus outbreak in China Shares in BHP Rio Tinto and Fortescue

Port Hedland iron ore exports plunge to 7 month low

Dec 26 2014 · Port Hedland The world s iron ore seaborne exports are significantly comprised of exports from Australia and used by major industry companies like BHP Billiton BHP Fortescue

Fortescue running in black despite iron ore plunge

Apr 16 2015 · Iron ore for delivery to China Fortescue s main market currently stands at 49 70 a tonne down about 60 percent from a year ago sending shivers through a