ASX:FMG

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ASX:FMG

Fortescue set for mining expansion

08 June 2012 - Fortescue Metals Group Limited (ASX:FMG) secures about $495 million in senior debt facilities that will assist its mining expansion program in the Pilbara.

NRW scores new Fortescue contracts

04 Jun 2012 - NRW Holdings Limited (ASX:NWH) scores about $148 million of new contracts and contract extensions from Fortescue Metals Group Limited (ASX:FMG).

Miners reassess expansion

04 Jun 2012 - Fortescue chief Nev Power says the company will reassess its aggressive iron ore expansion plans and a new report shows falling commodity prices and rising costs are …

Market Wrap: ASX finishes week higher

01 Jun 2012 - ASX finishes week higher. BlueScope Steel Limited (ASX:BSL) will challenge a $174 million tax bill from the ATO.

Fortescue to reassess iron ore expansion

01 Jun 2012 - Fortescue Metals Group Limited’s (ASX:FMG) chief Nev Power says the iron ore miner will reassess its aggressive iron ore expansion plans.

Steel loses appeal

14 May 2012 - Resources and mining companies making news include OneSteel’s shareholders approving the company’s proposal to change its name to Arrium and Iluka Resources will redu…

Market Wrap: Aus shares slightly higher

02 May 2012 - Aus shares slightly higher. National Australia Bank Limited (ASX:NAB) announces it will cut its standard variable home loan rate by 32 basis points, falling short of …

Fortescue affirms robust iron ore demand

30 Apr 2012 - Fortescue Metals Group Limited’s (ASX:FMG) founder Andrew Forrest affirms the demand for iron ore remains robust.

Outlook for iron ore prices

30 Apr 2012 - ANZ says iron ore prices look to soften yet maintain elevated levels, despite new supply from Africa and the World Steel Association posting growth in Q1 production.

Outlook: ASX poised for positive start

29 Apr 2012 - ASX poised for positive start. Renowned American hedge fund manager Jim Chanos labels Fortescue Metals Group Limited (ASX:FMG) as a ''value trap'' stock.

Blame it on the rain, output falls

23 Apr 2012 - BHP, Fortescue and Woodside blame rain and cyclones for a drop in production.

Market Wrap: Production reports steal spotlight

19 Apr 2012 - Production reports steal spotlight. Fortescue Metals Group Limited (ASX:FMG), Woodside Petroleum Limited (ASX:WPL) and Santos Limited (ASX:STO) report quarterly produ…

Midday: Aus shares lift on China hopes

13 Apr 2012 - Aus shares lift on China hopes. UGL Limited (ASX:UGL) secures contracts with Fortescue Metals Group Limited (ASX:FMG), Rio Tinto Limited (ASX:RIO) and BHP Billiton Li…

Analysts mull Fortescue Teck tie up

11 Apr 2012 - Analysts mull the viability of a tie up between iron ore miner Fortescue Metals Group Limited (ASX:FMG) and Canadian miner Teck Resources.

Fortescue extends life of Nullagine mine

10 Apr 2012 - Fortescue Metals Group Limited (ASX:FMG) and BC Iron Limited (ASX:BCI) extend the life of their Nullagine iron ore mine in Western Australia.

Diamonds are not forever

02 Apr 2102 - It seems that while diamonds are still a girl's best friend, they may be losing their sparkle for Rio Tinto.

Market Wrap: Aus shares drop into red

20 Mar 2012 - Aus shares drop into red. BHP Billiton Limited (ASX:BHP) says though Chinese demand for iron ore is flattening it has no plans to pull back from its Pilbara expansion…

Midday: Aus shares open flat

20 Mar 2012 - Aus shares open flat. Rio Tinto Limited (ASX:RIO) says it will sell $US2.5 billion of bonds in the US market.

Mining capital raisings and write-downs

Resources and mining companies making news include Fortescue’s $US2 billion capital raising and Lynas confirms its Malaysia rare earths refinery is 96 per cent complete.

Fortescue bullish on iron ore

16 Mar 2012 - Fortescue Metals Group Limited (ASX:FMG) CEO Nev Power dismisses concerns the iron ore market will collapse and affirms the market is still strong.

Market Wrap: ASX down on commodities

15 Mar 2012 - ASX down on commodities. OneSteel Limited(ASX:OST) announces closure of oil and gas pipe business.

Fortescue raises $US2 billion

15 Mar 2012 - Fortescue Metals Group Limited (ASX:FMG) has raised $US2 billion as part of its plans to expand into the Pilbara region of Western Australia.

Market Wrap: Aus shares close higher on US data

14 Mar 2012 - Aus shares close higher on US data. Fortescue Metals Group Limited (ASX:FMG) seeks to raise $US1 billion for its expansion plans.

Fortescue to raise $1B for expansion

14 Mar 2012 - Fortescue Metals Group Limited (ASX:FMG) is seeking to raise $US1 billion for its expansion plans.

Midday: Aus shares 0.5% higher

08 Mar 2012 - Aus shares 0.5% higher. More reports emerge, adding fuel to speculation Etihad is hunting a stake in Virgin Australia Holdings Limited (ASX:VAH).