FMG 0.59% $20.59 fortescue ltd

Iron ore price, page-9763

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    As mentioned in the above post on Sunday what about Week Three.......

    So far ....

    1. A group of small shareholders will file a request on Tuesday asking for an extraordinary shareholders meeting to discuss a change in management.

    2. A Brazilian court has ordered mining giant Vale (NYSE:VALE) to halt operations at its Brucutu iron ore mine, the largest in Minas Gerais state.

    3. The court order also prevents Vale from disposing tailings or practicing any activity potentially capable of increasing the risks of Menezes II, Capitão do Mato, Dique B, Taquaras, Forquilha I, Forquilha II and Forquilha III dams.

    4. Brazilian miner Vale SA on Tuesday declared force majeure on some iron ore contracts.



    ..... and we are only three days in ... a lot more hurt coming for Vale me thinks
 
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