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
- fortescue expansion plans to cost $6.2b
Strong outlook for iron ore price: Fortescue Alex Wilson From:...
-
- 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
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B |
Open | High | Low | Value | Volume |
$19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 4673 | $19.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.76 | 31740 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 19.730 |
1 | 1000 | 19.700 |
1 | 3000 | 19.680 |
2 | 1552 | 19.650 |
1 | 5000 | 19.630 |
Price($) | Vol. | No. |
---|---|---|
19.800 | 2133 | 2 |
19.830 | 750 | 2 |
19.850 | 150 | 1 |
19.870 | 2200 | 2 |
19.880 | 3834 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |