Established 1835
RESOURCE STOCKS
✕
AUSTRALIA STORIES

Iron ore boosts FMG

Fortescue Metals Group (AU:FMG) has spent several years cutting costs to establish new industry lows in order to maintain margin in what most assumed would be a lower price environment for iron ore. Iron ore pricing has, however, recovered and provided the miner with a major unforeseen uplift.

Chris Cann
FMG's Pilbara iron ore operations have set new standards for the industry in terms of operating costs

FMG's Pilbara iron ore operations have set new standards for the industry in terms of operating costs

The Metal Bulletin iron ore spot price reached US$94.86 per tonne on Tuesday, the highest price since mid-2014, and remains above $94/t late this week. Demand for high-grade iron ore has increased in...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

FROM OUR PARTNERS

View more
RESOURCE STOCKS

Northern Territory Copper Project Well Positioned

RESOURCE STOCKS

PolarX Strongly Backed by Gold Major

MOST POPULAR

1
BASE METALS

Chile copper exploration costs increase 1000%

2
LONDON TO A BRICK

Aim gold miner readies $200m war chest as Philippines opens to the West

3
MINER'S RIGHT

Rinehart stakes her claim in the heart of US critical metals industry

4
BASE METALS

Copper sulphide leaching a holy grail?

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.

Content
about
SOLUTIONS
legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.

Login