iron ore Tag

Australian mining billionaire and philanthropist Andrew Forrest has acquired an additional 22 million shares in iron ore giant Fortescue Metals Group, taking his personal ownership in the company he founded to 35.3%. Forrest paid AUS$243 million for the shares and now owns over 1.112 billion shares...

Australia delivered a full-year trade surplus of AUS$49.9 billion thanks to record high exports from the resources sector, which has been boosted by higher commodity prices during the last year. Iron ore was again Australia’s biggest single contributor to exports, delivering $77 billion in revenue over...

Rio Tinto has posted rising iron ore shipments in its second quarter operating report, reflecting a strong environment across the board for the sector. The Anglo-Australian mining giant said it enjoyed a ‘solid’ Q2, with iron ore shipments increasing by 14% year-on-year to 88.5 million tonnes...