Fortescue Metals Group


China holds steady but India looms as big buyer iron ore buyer

Falling Indian exports will support global prices and maintain demand from China.

Twiggy’s got some friends in high places

You don’t become one of Australia’s richest men without a making a few friends in some pretty high places. And West Australian resources entrepreneur Andrew Forrest certainly has some good ones. So, just who are some of Twiggy’s friends? And what have they done for him lately?

Is the Yindjibarndi native title deal from FMG up to scratch?

Yindjibarndi members in favour of the current deal with FMG say it offers them security and the chance to make their own future better. Woodley says the agreement is inadequate and will be doled out to a select group of people willing to sign the contract. Who’s right?

FMG edits history while video of Twiggy’s “superb” native title meeting taken down

A Fortescue Metals Group (FMG) PR spinner has been editing the Wikipedia page of the mining giant, while a video entitled “FMG’s Great Native Title Swindle” uploaded by Yindjibarndi Aboriginal Corporation expressing their concern over a native title meeting was deleted last night by host Vimeo.

The video of Twiggy Forrest that everyone’s talking about

A video has been uploaded by the Yindjibarndi Aboriginal Corporation expressing their concern over a March meeting with Fortesque Metals Group over a native title dispute in the Pilbara.

Iron ore prices boost to dump on the gloomsters

Prices for iron ore (our biggest export) are about to have another surprise boost.

Labor stuck between the miners and a Green place

With news that the smaller mining companies may begin advertising against the government’s proposed mining tax this weekend, the government appears caught between the Greens and the mining industry, writes Elizabeth Knight.

Forrest has a bit each way on China’s role

Andrew Forrest’s hypocrisy in criticising the federal government’s resource tax — and claiming it could lead to a flood of Chinese buyers — has been underlined by news of his own China dealings.

Cheap financing eludes Fortescue in China

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.

Ore deal leaves Twiggy an over-geared pawn

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

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

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

Financials are up 0.5% — not a deafening roar given the 8% jump in financials overnight.

Are bonds the new sure thing?

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

The highlights and lowlights of this morning’s sharemarket activity.

Your Say: Daily Mail readers' feedback: Comments, corrections, clarifications, and c*ckups

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

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.