Sinosteel plans $2.2b Fortescue stake
May 26, 2008
A Chinese steel company has confirmed its intention to buy at least a $2.2b stake in burgeoning miner Fortescue Metals Group.
Rio Tinto rail access could 'cost $30b'
Rio Tinto says it could cost Australia $30 billion over 20 years if the company's Pilbara railways in Western Australia are open to third party access.
Fortescue looking to bulk up quickly
FORTESCUE Metals Group is about to embark on its next stage of expansion, confident that demand for iron ore will remain strong for more than a decade, and signalling that its initial focus will be on increasing production from its base in Western Australia's Chichester Ranges.
Rio railways may open to third parties
Fortescue Metals Group is a step closer to gaining access to railways in the Pilbara owned by BHP Billiton and Rio Tinto.
Fortescue to double iron ore production
FORTESCUE METALS is forging ahead with plans to more than double its annual production capacity to 120 million tonnes of iron ore a year.
Fortescue chair loses $20m in Opes saga
Fortescue Metals Group chairman Herb Elliott appears to have lost more than half of his $38 million fortune after the Opes Prime collapse.
Fortescue delivers on time
Andrew Forrest says he would welcome any Chinese firm as an investor, as Fortescue defies sceptics and loads its first iron ore.
Fortescue sets sail across the ditch
FORTESCUE METALS - the self-proclaimed "new force in iron ore" - is seeking to conquer new territory: New Zealand.
Fortescue shares smash $10 mark
Shares in Fortescue Metals raced through the $10 mark, propelling the wealth of Australia's richest man, Andrew ''Twiggy'' Forrest, beyond $10.2b.
BHP Billiton executives say Rio Tinto takeover bid will go to European regulators within weeks
A BHP Billiton Ltd. executive said the world's largest miner will submit its first paperwork with European Union regulators regarding its planned takeover of rival Rio Tinto Ltd. within weeks.
Fortescue ship refloated in Port Hedland
BHP Billiton says the grounding of a ship at the Port Hedland harbour illustrates why third parties should not be given access to its Pilbara rail network.
Fortescue prepares first ore shipment
Fortescue Metals defies its sceptics and begins loading its first shipment of iron ore at Port Hedland for delivery to China.
Fortescue loads first iron ore
Andrew Forrest's Fortescue Metals Group has moved a step closer to breaking the stranglehold of BHP and Rio on the country's iron ore exports.
Fortescue's Pilbara iron ore for China
Fortescue Metals Group will spend the next week loading the first iron ore From its $2.8 billion Pilbara project onto ships bound for China.
BHP and Rio Tinto lead market higher
The Australian sharemarket closed higher yesterday, boosted by strong rises in global miners BHP Billiton and Rio Tinto.
Fortescue jumps one railway barrier
FORTESCUE Metals has won another round in its long-running quest for third-party access to Pilbara railway lines.
BHP Billiton raises hostile bid for...
AFP - BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a...
Shares of BHP Billiton, Rio Tinto climb on rumors of higher bid for Rio, Chinese stake
Shares of BHP Billiton Ltd. and Rio Tinto Ltd. surged in Australia on Wednesday as fresh rumors swirled around the two companies linked by what could be the largest takeover ever in the mining sector.
Fortescue confident of ore expansion
FORTESCUE Metals has expressed so much confidence in its ability to expand to 110 million tonnes of iron ore production a year that it has booked a huge half-year loss for accounting purposes.
BHP Billiton raises hostile bid for...
AFP - BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a...
Fortescue wants to stay Australian
Iron ore miner Fortescue Metals Group executive director Graeme Rowley says the company wants to maintain its majority Australian ownership.
Red Wings reward Babcock for winning...
AP - Mike Babcock's new contract allows the oldest of his three children to graduate from the same high school she's attending. And if all goes well with the Detroit Red Wings...
Rio Tinto ends Asian steel price talks
Rio Tinto has concluded price negotiations with its Asian customers for the steelmaking commodity.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
Rio Tinto: We don't need BHP
Rio Tinto has said it is still dismissive of the $135 billion all-stock hostile takeover bid by BHP Billiton and that it is doing fine on its own.