Fortescue Metals Group Stock News

Pilbara iron ore miner Fortescue will plead guilty to two counts of breaching WAs Aboriginal Heritage Act when it cleared land in February 2021, a lawyer for the Andrew Forrest-chaired company told Perth Magistrates Court on Friday.

Andrew (Twiggy) Forrest of Fortescue Metals has poked a stick in the eye of two of the biggest Australian export industries. He has managed to upset farmers and miners alike by privately lobbying the Australian government to divert fossil fuel subsidies. He is proposing the scheme be gradually phased out from 2025 to 2030 for []

The iron ore giant''s current share price indicates a huge dividend yield. But is that really true? We take a closer look The post Is the Fortescue (ASX:FMG) dividend really worth 28% in November? appeared first on The Motley Fool Australia .

Dividend dog 10%+ Yield November data are all sourced from YCharts. Many were discarded for unsustainable-dividends above 25%; others were deleted for infrequent-dividends. Not all have paid consisten

The ASX romped higher on the back of better commodities prices, with Fortescue the standout performer among the biggest 200 stocks.

Australian shares ended higher on Tuesday, buoyed by gains in the mining and energy sectors, a day after BHP Group and Woodside Petroleum gave the final sign-off on their $12 billion Scarborough LNG project. The S&P/ASX 200 rose 0.78% to close at 7,410.6, marking its best session since Nov. 12, after a 0.59% fall in the previous session. The mining index climbed 2.5%, boosted by BHP''s 4% jump after the mining giant and Woodside late on Monday gave their final go-ahead to develop the Scarborough gas field and inked an agreement to merge BHP''s petroleum assets into Woodside. A sharp rise in the price of iron ore also supported the sector. Iron ore miner Fortescue climbed 9.8%, its biggest single-day gain in almost a year. Rio Tinto gained 3.6%. "The iron ore strength helps, with the BHP-Woodside (merger), more details on that merger also helped and we are seeing a little bit of a bounce back in the banks, of course, which has helped as well," said Henry Jennings, senior analyst and portfolio manager at Marcustoday Financial Newsletter.

This deal could make Fortescue Metals Group Limited''s (ASX:FMG) Fortescue Future Industries billions of dollars. The information in this article contains general financial advice only and is authorised by The Rask Group Pty Ltd (ABN: 36 622 810 995). That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do not know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please take a moment to read our Financial Services Guide (FSG) . The post This deal may make Fortescue Future Industries (FFI) billions of dollars appeared first on Rask Media .

The S&P/ASX 200 Index put on 0.8 per cent to 7,410.60. Bapcor fell 9.6 per cent and Fortescue rallied 9.8 per cent.

A gain of almost 10 per cent for Fortescue shares was among the big moves on the ASX as miners benefited from a surge in iron ore prices.

A gain of almost 10 per cent for Fortescue shares was among the big moves on the ASX as miners benefited from a surge in iron ore prices.

It''s a good day on the ASX so far for iron ore miners The post Whats causing the Fortescue (ASX:FMG) share price to leap 9% today? appeared first on The Motley Fool Australia .

The benchmark S&P/ASX 200 [ASX:XJO] is inching higher on Tuesday morning, propelled by a rebounding iron ore price which pushed the big miners Fortescue Metals Group [ASX:FMG] and Rio Tinto [ASX:RIO] higher. The post ASX 200 News: IOUpay, Life360, Paradigm, BHP & Woodside appeared first on Money Morning Australia .

Where next for Fortescue shares? The post Is the Fortescue (ASX:FMG) share price dirt cheap or overvalued? appeared first on The Motley Fool Australia .

ASX miners could lose a sizeable subsidy for diesel if its switched to green energy. The post Fortescues push to axe diesel subsides could cost ASX miners billions appeared first on The Motley Fool Australia .

Fortescue Metals Group Limited (OTCMKTS:FSUGY) saw a significant decline in short interest during the month of October. As of October 29th, there was short interest totalling 53,400 shares, a decline of 42.3% from the October 14th total of 92,500 shares. Based on an average daily trading volume, of 203,000 shares, the short-interest ratio is currently []