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FMG, FORTESCUE METALS GROUP LTD
blacksheep
post Posted: Jul 19 2019, 11:51 AM
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Posts: 6,125
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QUOTE
Fortescue eyes Liberia opportunities but says no deals signed

Bloomberg News | July 18, 2019
extract
QUOTE
Liberia said Monday it had signed a memorandum of understanding with an entity representing Fortescue and Sheikh Ahmed Dalmook Juma Al Maktoum of the United Arab Emirates aimed at upgrading existing railways and building new lines from the Guinean border to an existing port on the coast, according to a government statement.

Guinea has some of the world’s richest iron ore deposits, including the fabled Simandou mine that Rio Tinto Group, Vale SA and billionaire Beny Steinmetz have fought over for years, yet the nation has never exported a ton of the steelmaking material. One of the major obstacles has been the cost of building a railway to export out of Guinea, rather than using a much shorter route through Liberia.


QUOTE
Fortescue is seeking to apply its expertise in infrastructure and exploration to add growth in new markets, though is currently focused on work in Ecuador and Argentina, Gaines said. The producer has also committed to about A$5.5 billion ($3.9 billion) of project spending on new iron ore mines in Australia in the past 18 months.


read more - https://www.mining.com/web/fortescue-eyes-l...o-deals-signed/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
frodo
post Posted: Jun 26 2019, 10:48 PM
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In Reply To: blacksheep's post @ Jun 26 2019, 10:34 PM

Interesting article thanks bs

 
blacksheep
post Posted: Jun 26 2019, 10:34 PM
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Posts: 6,125
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Australias hydrogen economy – hype or hope?
Last Updated: 25 June 2019
Article by Louise Horrocks, Andrew Bukowski and Michael Roche
QUOTE
Also very active in the hydrogen space is Western Australia iron ore major, Fortescue Metals Group (FMG). In November 2018 FMG and CSIRO entered into a five year agreement whereby FMG will fund and support select CSIRO technologies in the hydrogen space. The first of the agreements will focus on CSIRO's metal membrane technology, which will make the transportation of hydrogen economically viable. FMG has made it clear that they want to be involved in the large scale production and export of hydrogen. FMG has recruited a CSIRO expert, Michael Dolan, as their first Hydrogen Innovation and Development Lead.

http://www.mondaq.com/australia/x/818660/A...my+Hype+or+Hope
The Future of Hydrogen
https://webstore.iea.org/download/summary/2...Hydrogen-ES.pdf



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 9 2019, 11:37 AM
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Posts: 6,125
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Updated chart - 20 year. SP broke through the $8.00 mark yesterday - currently $8.18. All time high was $13.15 in 2008 - just before the GFC
https://www.shortman.com.au/stock?q=fmg
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 24 2019, 11:12 AM
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Here we go again...issues affecting IO prices and individual company SP's
Mass evacuations as Brazil's Vale reports dam in danger of collapse
By Diane Jeantet
March 24, 2019 — 10.12am
QUOTE
Rio de Janeiro: Brazilian mining giant Vale says that communities in the south-eastern state of Minas Gerais have been ordered to evacuate after independent auditors found that one of its dams could collapse at any moment.

On Friday, the company raised the level of risk at a mining waste dam in the city of Barao de Cocais to three, the highest grade. According to Brazil's mining and energy secretary, level three means that "a rupture is imminent or already happening".

Residents in a 10-kilometre perimeter of the dam had already been told to leave by state authorities in February after Vale raised risk levels to grade two, a company spokesperson told the Associated Press on Saturday.

read more - https://www.theage.com.au/world/south-ameri...324-p516zy.html


Meanwhile at home (Australia)
Cyclone Veronica poses the biggest risk to the Pilbara in a decade, authorities warn
QUOTE
A red alert was issued on Saturday afternoon and is current for people in or near communities from Pardoo to Mardie, including Port Hedland, South Hedland, Whim Creek, Point, Samson, Wickham, Roebourne, Karratha and Dampier, but excluding Marble Bar.

https://www.abc.net.au/news/2019-03-24/cycl...-coast/10934004

extract from Bloomberg article - https://www.bloomberg.com/news/articles/201...atter-australia
QUOTE
Following is a table of some of the companies and operations that may be affected by the cyclones.

COMPANY CYCLONE OPERATIONS PRODUCT REGION
Glencore Trevor McArthur River Zinc Northern Territory
South32 Trevor GEMCO Manganese Northern Territory
BHP Veronica Pilbara/Offshore WA Iron ore/oil Western Australia
Rio Tinto Veronica Pilbara Iron ore Western Australia
Fortescue Veronica Pilbara Iron ore Western Australia
Woodside Veronica NWS/Pluto LNG Western Australia
Chevron Veronica Gorgon LNG Western Australia
Santos Veronica Varanus/Devil Creek Gas Western Australia
Jadestone Veronica Stag Oil Western Australia
Barrick-Newmont Veronica Kalgoorlie Gold Western Australia




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 20 2019, 10:01 PM
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Posts: 6,125
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In Reply To: blacksheep's post @ Mar 20 2019, 06:38 PM

Iron ore futures in China are getting hosed
DAVID SCUTT
MAR 20, 2019, 2:44 PM

Read more at https://www.businessinsider.com.au/iron-ore...owHQwRyEJG6G.99



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Mar 20 2019, 06:38 PM
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In Reply To: blacksheep's post @ Feb 2 2019, 10:33 AM

FMG finished the day down 6.74% @ $6.36 - no doubt partly due to news that the Brazilian courts had cleared the way for Vale to resume operations at its Brucutu mine, its largest iron ore complex in the state of Minas Gerais. Other IO miners also down, albeit no as dramatic as FMG - RIO down 2.81%, BHP down 1.04%. Threat of another cyclone heading towards Karratha and Port Hedland also didn't help

https://www.shortman.com.au/stock?q=fmg
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: boylep  
 
blacksheep
post Posted: Mar 8 2019, 01:59 PM
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In Reply To: blacksheep's post @ Mar 4 2019, 03:06 PM

Australia's Port Hedland iron ore shipments to China slip 5 percent in February

QUOTE
Iron ore shipments to China from the world’s biggest iron ore port totaled 33.5 million tonnes in February, compared with January’s 35.1 million tonnes, the Pilbara Ports Authority said.

Port Hedland is used by three of Australia’s top four iron ore miners, BHP Billiton, Fortescue Metals Group and Gina Rinehart’s Hancock Prospecting.

https://www.reuters.com/article/us-australi...y-idUSKCN1QP0BE



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Mar 4 2019, 03:06 PM
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Posts: 6,125
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In Reply To: blacksheep's post @ Feb 6 2019, 10:50 AM

Chinese steel mills delay iron ore restocking, eye cheaper alternatives
Reuters | 2 days ago |
QUOTE
BEIJING – Chinese steel mills are slowing iron ore purchases and seeking cheaper alternatives to Australian supplies after a steep run-up in prices in February, five mill executives and several traders told Reuters this week.

QUOTE
Non-mainstream sources
Mills are also avoiding major suppliers like Vale and Australian rivals Rio Tinto, BHP Group and Fortescue Metals Group (FMG), and are seeking cheaper ore from small miners in Australia, South Africa, India and Indonesia, said the traders.

"Even mainstream low-grade ore has soared to a level that we can't afford," said a purchase manager at a steel mill in Jiangxi province.

FMG's Super Special Fines, a blend with iron content of only 56.7 percent, is now at a discount of 16 percent to benchmark 62 percent iron ore versus 33 percent last month.

"(Moderating margins) have influenced customers' preferences for specific products and created increasing demand for lower-grade iron ore," said Danny Goeman, Fortescue sales and marketing director, at a conference in Beijing on Wednesday.

Mills are also considering alternatives to iron ore such as iron sands.

The Jiangxi mill purchase manager said it bought iron sand from Indonesia with 56 percent iron content to save on costs.

"Non-mainstream products suddenly became very hot, although more people are asking rather than making actual purchases," said a manager at a major commodities trading house in eastern Zhejiang province.

($1 = 6.6862 Chinese yuan renminbi)

(Reporting by Muyu Xu and Dominique Patton)


Elsewhere - Iron ore prices perk up as Chinese air quality gets hazy
DAVID SCUTT
MAR 4, 2019, 7:36 AM

Read more at https://www.businessinsider.com.au/iron-ore...yKOVj5AAC8L1.99

FMG SP is up 6.69% currently @ $6.38
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 6 2019, 10:50 AM
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Posts: 6,125
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In Reply To: blacksheep's post @ Feb 2 2019, 10:33 AM

Updated chart - SP crossed $6.00 mark - currently $6.025
Total short positions as at 30/1/19 = 2.42%%
https://www.shortman.com.au/stock?q=SYR
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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