FMG 1.75% $17.49 fortescue ltd

Iron ore price, page-24665

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    Looks like Serra Leste (annual production 6Mt) is still closed due to the pandemic, but they are looking to reopen this quarter (Q4). So how do you manage mines in a hotspot in the midst of a pandemic? Pretty simple really. You advertise like heck on facebook for new staff in key towns like Parauapebas, Canaa dos Carajas, Eldorado dos Carajas, Maraba and Curionopolis (Serra Leste). At the same time, you test, you identify the ill, you home isolate sick miners, and then you bring in replacement staff from other areas- and you keep running at all cost. So simple, really.

    Cannon fodder. Mine management 101 for pandemics. You need cannon fodder.
 
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