Strong outlook for iron ore price: Fortescue
Alex Wilson From: Dow Jones Newswires March 12, 2010
FORTESCUE Metals Group said it sees a strengthening outlook for iron ore prices with China's ability to meet its own requirements declining fast.
In a presentation to investors, the miner also said its iron ore operations in Western Australia are running at a rate of 40 million tonnes a year and it is aiming to increase this to 55 million tonnes in 12 months.
The Perth-based company said a feasibility study on plans for its 60 million tonne a year Solomon operation is nearing completion.
Fortescue said the capital expenditure on the Solomon project was likely to total $3.2 billion and that a second stage project to add an extra 100 million tonnes a year would cost about $5.7bn.
- Forums
- ASX - By Stock
- FMG
- fortescue expansion plans to cost $6.2b
fortescue expansion plans to cost $6.2b, page-3
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$22.41 |
Change
-0.210(0.93%) |
Mkt cap ! $68.99B |
Open | High | Low | Value | Volume |
$22.36 | $22.61 | $22.30 | $82.59M | 3.681M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $22.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$22.42 | 11435 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 962 | 22.380 |
1 | 44 | 22.360 |
4 | 4029 | 22.350 |
1 | 1400 | 22.340 |
3 | 819 | 22.320 |
Price($) | Vol. | No. |
---|---|---|
22.450 | 5246 | 2 |
22.500 | 476 | 1 |
22.600 | 6706 | 3 |
22.620 | 3200 | 1 |
22.630 | 2500 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |