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.
Fortescue Metals Group
Ore deal leaves Twiggy an over-geared pawn
Crikey / Glenn Dyer / Tuesday, 18 August 2009
Twiggy Forrest is going to be running an over-geared speculative miner producing just one commodity, servicing just one market and getting less than market prices.
Bitter Beijing
The Australian / Tuesday, 18 August 2009
China-Australia relations have soured as a result of Australia’s decision to grant a visa to exiled Uighur leader Rebiya Kadeer and growing frustration over the price of iron ore imports, say Greg Sheridan and Michael Sainsbury.
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: Financial fails to roar, despite 8% jump overnight
Crikey / Marcus Padley / Wednesday, 22 April 2009
Financials are up 0.5% — not a deafening roar given the 8% jump in financials overnight.
Are bonds the new sure thing?
Crikey / Thursday, 2 April 2009
Unpredictable FIRB reviews, unreliable banks and dilutive rights issues make bonds an increasingly attractive fund raising avenue for companies. And Australia’s retail investors are belatedly waking up to the asset class.
Morning Market Report
Crikey / Tuesday, 4 December 2007
The highlights and lowlights of this morning’s sharemarket activity.
Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups
Crikey / Thursday, 15 November 2007
Fortescue Metals AGM … Sol deserves his pay … Wentworth and the Overington affair … Borders, Hillsong and the Mercy Ministries … China cooling, tough times ahead …
Twiggy overtakes Packer’s individual holding record
Crikey / Friday, 9 November 2007
Andrew “Twiggy” Forrest has today achieved something few would have thought possible when the value of his Fortescue stake soared passed James Packer’s stake in PBL to become the most valuable individual holding in any Australian company, writes Stephen Mayne.
