Australia will see the biggest percentage increase in steel output next year among major steel-producing countries, as the global economy’s tentative recovery boosts output by more than expected.
Fortescue Metals
Cheap financing eludes Fortescue in China
Crikey / Glenn Dyer / Wednesday, 30 September 2009
Fortescue Metal Group has failed in its attempt to exploit the stand off between the Chinese mills and BHP and Rio and get it hands on an estimated $A5.7 billion-$6.9 billion in cheap financing from China.
Corporates clear the ASX trash on Grand Final Eve
Crikey / Stephen Mayne / Monday, 28 September 2009
From Computershare to Macquarie, the time-honoured practice of dropping bad news when no-one is looking was on display again last Friday. So here’s what you may have missed…
Morning Market Report: Market and dollar down
Crikey / Marcus Padley / Monday, 17 August 2009
The market is down 37 this morning, while the Aussie dollar fell to 82.97c.
Fortescue undercuts rivals in cheap China ore deal
Crikey / Glenn Dyer / Monday, 17 August 2009
Fortescue Metals Group has settled its 2010 iron ore contracts with Chinese steel mills, giving the Chinese the victory they need to attempt to pressure BHP and Rio to settle at larger discounts to the Japanese.
Morning Market Report: Resources and industrials take a hit
Crikey / Marcus Padley / Tuesday, 12 May 2009
Most sectors of the market are down, with resources and industrials down 2.3% and 2.8%, respectively.
Twiggy’s donga donation fails to excite residents
Crikey / Andrew Crook / Wednesday, 29 April 2009
Mining magnate Andrew “Twiggy” Forrest’s accommodation donation the Victorian bushfire appeal appears to have fallen short.
Morning Market Report: Fallout from Qantas profit warning
Crikey / Marcus Padley / Wednesday, 15 April 2009
Lots of research out on Qantas this morning after their profit warning yesterday — 2 Holds and 3 Buys with one Sell. A number of brokers cutting their price targets.
Time for institutions to explain their problem with Twiggy
Crikey / Wednesday, 28 May 2008
Australian institutions continue to shun Fortescue. What gives, asks Stephen Mayne?
Raging bull Charlie Aitken not tamed by bad bank call
Crikey / Friday, 14 March 2008
Raging share market bull Charlie Aitken, head of institutional dealing at Southern Cross Equities, isn’t backward in coming forward, writes Stephen Mayne.
Stand by for the iron and steel bubble
Crikey / Monday, 25 February 2008
Stand by for the iron and steel bubble, one which will end in tears like the US property bubble, the leveraged credit bubble and of course the dot com bubble, writes Glenn Dyer.
Forget Twiggy, is James Packer richer than the Murdochs?
Crikey / Friday, 11 January 2008
Fortescue Metals founder Andrew “Twiggy” Forrest is not Australia’s richest man and we need to quickly correct the record, lest the claims about Twiggy being richer than his mate James Packer and Rupert Murdoch becomes one of those urban myths that keeps getting repeated, writes Stephen Mayne.
Morning Market Report
Crikey / Friday, 23 November 2007
The highlights and lowlights of this morning’s sharemarket activity.
Morning Market Report
Crikey / Monday, 19 November 2007
The highlights and lowlights of this morning’s sharemarket activity.
Time for Twiggy Forrest and Fortescue to grow up
Crikey / Monday, 12 November 2007
Andrew “Twiggy” Forrest may be the controlling shareholder in a $15 billion company, but he still runs emerging iron ore company Fortescue Metals likes it is some two bob speculative mining stock, writes Stephen Mayne.
Buying cheaply on a downswing
Crikey / Monday, 30 July 2007
The remarkable resilience of the Australian stock market today is primarily driven by one thing – the sheer weight of capital looking for a home.
