Australian iron ore producers accounted for the largest share of operating profits in the entire resources sector, including upstream oil and gas and coal mining, during the 2018-19 fiscal year to 30 June. The resources sector, at 8pc of the economy, accounted for more than a fifth of all industry profits.
News ID: 9642 Publish Date : 2020/05/31
The SMB-Winning consortium, which comprises Chinese aluminium producer Shandong Weiqiao, China's Yantai Port Group, transport and logistics company UMS International, and Singapore's Winning Shipping, has pipped Australian iron ore producer Fortescue Metals to secure the rights to develop blocks 1 and 2 of the Simandou iron ore deposits in Guinea.
News ID: 7456 Publish Date : 2019/11/14
The average discount that Australian iron ore exporter Fortescue Metals receives across all its iron ore types to the 62pc Fe benchmark narrowed during July-September, as Chinese steel mills focused on raw material costs to try to lift their production margins.
News ID: 6961 Publish Date : 2019/10/24
Portside discounts for Fortescue Metals ' 56.5pc Fe super-special fines (SSF) have dropped below 20pc to the Argus 62pc PCX portside index on 15 February, the narrowest in recent months, and may contract further as supply keeps high-grade prices under pressure.
News ID: 3666 Publish Date : 2019/02/18