RSS feedFortescue Metals
’It’s happening: mining super-tax super-contagion
Posted by Gwen Robinson on Jun 10 10:10. Comment.Miners of the world take note: it’s happening – mining super-tax contagion.
Amid the hoo-hah and howls of outrage Down Under about Canberra’s plans to slap a 40 per cent “super-profits” tax on mining companies, More…
China’s spree heats up in the People’s Republic of Oz
Posted by Gwen Robinson on Mar 31 09:53. Comment.More action for China in the People’s Republic of Oz:
China Minmetals, the group that last week had its A$2.6bn ($1.2bn) takeover offer for Oz Minerals blocked by the Australian government, has revised its offer for the diversified miner, More…
China, Australia play tit-for-tat down under
Posted by Gwen Robinson on Mar 24 13:30. Comment.From Bloomberg, March 20 2009, China dismisses retaliation fears over Coke decision:
China dismissed concerns its rejection of a Coca-Cola Co acquisition will prompt retaliation, as an Australian lawmaker said the move supports his campaign to block a $19.5 billion Chinese investment in Rio Tinto Group. More…
Don’t panic Australia, China’s ‘land grab’ smacks of a regime in disarray
Posted by Gwen Robinson on Feb 20 11:38. Comment.Another day, another Chinese grab for the Australian resources sector – or at least, that’s how it seemed on Friday after news of interest at Hunan Valin Iron & Steel Group in Fortescue Metals, the country’s third-largest iron ore producer behind Rio Tinto and BHP Billiton. More…
China steel group eyes Fortescue
Posted by Gwen Robinson on Feb 20 05:38. Comment.Hunan Valin Iron & Steel Group has joined the growing band of Chinese entities to signal interest in Australia’s resources sector after it emerged it had held talks with Fortescue Metals, the country’s third-largest iron ore producer behind Rio Tinto and BHP Billiton. More…
China deals test Australian rules
Posted by Gwen Robinson on Feb 19 05:16. Comment.The head of China Investment Corp, the country’s $200bn sovereign wealth fund, flew to Australia to meet its federal treasurer shortly before Rio Tinto announced plans for a $19.5bn cash injection from Chinalco, More…
Fortescue up 21% on takeover talk
Posted by Gwen Robinson on Dec 02 05:34. Comment.Shares in Fortescue Metals Group surged as much as 42% in Sydney trading on Monday, amid market speculation that the Australian iron ore miner could be the target of a takeover bid by a group such as BHP Billiton or see a Chinese group take a stake. More…
Harbinger’s accidental shorts
Posted by Sam Jones on Sep 03 16:53. Comment.Razorshort Capital LP: Oh hi, is this Harbinger?
Harbinger: This is they
RSC: Hi – I was just wondering if we could borrow a couple of shares.
H: Which ones?
RSC: The ones you have in Fortescue Metals Group
H: More…
The (iron ore) plot thickens — and China stirs and stirs…
Posted by Gwen Robinson on Feb 04 09:49. Comment.For a man who wears the tag of “Australia’s richest man” (depending on how his shares are doing), Andrew “Twiggy” Forrest and his Fortescue Metals Group are reasonably low-profile beyond Australia’s shores. More…