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Additional information
Additional Information
Market: ASX
Sector: Non Ferrous Metals
Epic: ASX:FMG
News: Latest news
Web Site: Fortescue Metals
Other Articles: 13-11-200913-10-200930-09-2009

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Tuesday March 16, 11:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Wednesday March 17, 03:46Access Pharmaceuticals’ Cobalamin oral platform could offer new way to administer insulin

This morning, Access Pharma reported that two independent animal studies confirmed earlier findings that Cobalamin offers significant bioavailability of orally delivered insulin

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Fortescue Metals

Fortescue Metals

Fortescue Metals is an ASX 50 company that has defined about 4.5 billion tonnes of Resources of Iron Ore, including 1.625 billion tonnes of Reserves.  Fortescue is focused on cementing its position as the "new force in iron ore."  Initial production will be 55 million tonnes of iron ore per annum and market driven expansion will occur as required. This initial tonnage has sold out and agreements exist for up to 50 million tonnes per annum of expansion tonnage. With reserves defined from less than 10 per cent of its 69,000 square kilometres of Pilbara tenements, Fortescue is well-positioned to take advantage of the current 'golden age' for iron ore.

Thursday, February 19, 2009

China sovereign fund in talks with Fortescue Metals

Fortescue Metals Group has confirmed that it has been holding discussions with a number of companies, including China's sovereign fund, China Investment Corp, about possibly taking a stake in the company.

Such a move would become the third possible Chinese investment in Australian mines in a matter of weeks, after Chinalco moved to buy 15 percent of a key Rio Tinto mine and China's Minmetals made a US$1.7m bid for Oz Minerals.

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