Business
Record breaking Fortescue flags export boost – The Australian Financial Review
The iron ore miner capped its perfect year with a stronger than expected export performance and vow to do it again next year.
Shares in the miner were 2.23 per cent higher in morning trade, marking yet another record high for the stock.
Fortescue shares have risen more than ten-fold since they were fetching $1.62 at the cyclical bottom of the commodity market in February 2016.
The strong operational performance was marred by news that development of the Eliwana mine would cost up to $US100 million more than previously thought.
Fortescue said Eliwana would now cost between $US1.325 billion and $US1.375 billion, up fr…
-
General15 hours ago‘We are here for you’: PM to bring help to flood zones
-
General13 hours agoWe’ve all talked about potential economic consequences for Australia of Trump’s policies. Now they’re happening
-
Noosa News21 hours agoStudents say new facility would be better in rural areas of Queensland
-
General12 hours ago‘I can’t start at zero now’: Aussies call for clarity after super cyber attack