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Fortescue believes in Chinese iron ore imports

One of the world's top mining companies, Australia's Fortescue, believes that the Chinese government's plans to strengthen the country's infrastructure will help keep the company's iron ore shipments at 165 to 170 million tons for the full fiscal year.

Media: Large-scale mining collaboration falls through

A collaboration between two of the world's largest miners, Vale and Fortescue, to supply iron ore for China has gone down the drain. The venture would have competed directly with Rio Tinto and could have seen Vale pick up a stake in Fortescue.

Fortescue increases iron ore transport

Australian mining company Fortescue has increased iron ore transports in the latest quarter of fiscal year 2016/2017. Meanwhile, the company has also reduced expenses and debt.

Fortescue wins from iron ore price drop

Australian mining company Fortescue Minerals Group has delivered an operating profit of USD 3.2 billion on Monday, which the company's CEO describes as outstanding.

Chinese companies ready to buy stakes in Fortescue

Two Chinese companies are allegedly looking to acquire stakes in Australian mining company Fortescue, reports IHS Maritime 360. Low iron ore price could force indebted Fortescue to accept the offer. Sources inform that the company is also looking to sell eight VLOCs.

Kinesere klar til at købe sig ind i Fortescue

To kinesiske selskaber vil angiveligt købe sig ind i det australske mineselskab Fortescue, skriver IHS Maritime 360. Lav pris på jernmalm kan presse gældstyngede Fortescue til at acceptere tilbuddet. Selskabet har ifølge kilder også sat otte store tørlastskibe til salg.

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