Business
Is the Fortescue (ASX:FMG) share price a buy for dividends?
Could the Fortescue Metals Group Ltd (ASX: FMG) share price be worth buying for its dividend right now?
What is Fortescue Metals Group?
Fortescue describes itself as one of the global leaders in the iron ore industry with its mining assets in Pilbara, Western Australia. The company was only founded in 2003 by Andrew Forrest.
It has fully integrated operations in the Pilbara including the Chichester and Solomon mining hubs and it’s developing the Western Hub, home to the new Eliwana mine. The Iron Bridge Magnetite Project, which it says is an industry-leader in cost and energy efficiency, will be one of the highest-grade magnetite projects in the world according to Fortescue.
Whilst its main focus is iron ore, it is undertaking…
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