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Australia reopens port as threat on cyclone declines

The Hedland port, which is used by BHP Billiton, and also Fortescue Metals, which contributes about one fifth of the all the sea borne iron ore trade in the country was closed down for about 10 hours. At the same time the ...

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Fortescue Metals publishes surprisingly strong iron ore export numbers

Fortescue Metals Group has revealed a fresh set of better than expected production numbers and USD 600 million worth of early cashflow in a bid to lift the gloom around iron ore prices. Questions about Fortescue’s ability to service its ...

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Fortescue Metal’s iron ore mining and shipments rise sharply in Q3 2014

41.5 million tonnes of iron ore were shipped from the company in the September quarter, which is apparently a huge hike in the amount of iron ore being shipped compared to 25.9 million tones of iron ore which was shipped in the ...

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