Stocks of the Hour: Battery Age Minerals, HyTerra, Vection Technologies
A snapshot of the stocks on the move, featuring Battery Age Minerals (ASX:BM8), HyTerra (ASX:HYT) and Vection Technologies (ASX:VR1, OTC:VCTNY).
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Since founded in 2003, Fortescue has discovered and developed major iron ore deposits and constructed some of the most significant mines in the world. We have grown to be one of the largest global iron ore producers and are focussed on our vision of being the safest, lowest cost, most profitable mining company.
Now consistently shipping around 170 million tonnes of iron ore per annum (mtpa), Fortescue is the lowest cost provider of seaborne iron ore to China.
Fortescue owns and operates a fully integrated infrastructure and supply chain spanning two mine hubs, with a third under development, in the Pilbara, the five berth Herb Elliott Port in Port Hedland, the Judith Street Harbour towage infrastructure and the fastest, heavy haul railway in the world.
Our innovative tug fleet and the eight purpose built Fortescue Ore Carriers have been designed to complement the industry best practice efficiency of Fortescue’s port and maximise the safety and productivity of its operation.
Fortescue is developing the Eliwana Mine and Rail Project and the Iron Bridge Magnetite Project. Together, the Iron Bridge and Eliwana projects will increase the average iron content of Fortescue’s ores and provide the ability to deliver on our strategy of the majority of products at greater than 60% Fe.
Consistent with our track record of introducing cutting edge technology across the business, the Eliwana Mine and Rail Project will build on Fortecue’s development and construction capability by utilising the latest technology, autonomous trucks and design efficiency.
Innovation in exploration, ore processing and plant design is a key component of Fortescue’s strategy to efficiently and effectively deliver products from mine to market. We continue to assess exploration and development opportunities throughout Australia and South America including Ecuador, Colombia and Argentina.
Fortescue’s longstanding relationships with customers in China have grown from the first commercial shipment of iron ore in 2008, to now being a core supplier of seaborne iron ore to China and expanding into markets including Japan, South Korea and India.
We are committed to our strategic goals of ensuring balance sheet strength and flexibility, investing in the core long term sustainability of the business while pursuing growth and development options and delivering returns to shareholders.
As a proud West Australian company, Fortescue values our relationship with key stakeholders by working together to positively manage and create opportunities for Aboriginal people, contribute to the success of local communities, protect the environment and strengthen the broader Australian economy.
A snapshot of the stocks on the move, featuring Battery Age Minerals (ASX:BM8), HyTerra (ASX:HYT) and Vection Technologies (ASX:VR1, OTC:VCTNY).
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19 Jul 2022 - Fund Manager Chris Pedersen discusses inflation, iron ore, BHP Group, Rio Tinto, Fortescue Metals Group, Deterra Royalties.
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With a backdrop of low interest rates where should investors seek yield? Informed Investor sat down with Scott Kelly, Portfolio Manager for the DNR Capital Australian Equities Income SMA to find out.
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A slightly higher average price for 2023-24 helped Fortescue (ASX:FMG) offset a dip in exports, resulting in a solid rise in earnings and a higher dividend for the year to June.
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Fortescue (ASX:FMG) is looking at a $US1.5 billion-plus boost to revenue and a corresponding boost to earnings for the year ending June, judging by a comparison of average iron ore prices received by the company over the past two years.
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Fortescue Metals Group (ASX:FMG) managed to recover most of the tonnage lost due to December’s derailment and adverse weather in the first quarter of this year, according to its 2023-24 production and sales report released on Thursday.
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Andrew "Twiggy" Forrest's Fortescue Metals Group (ASX:FMG) will sack 700 people, scale back its green ambitions, and reintegrate the group into one corporate structure.
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Universal Hydrogen, a start-up focused on hydrogen-powered aviation and backed by Fortescue, has shut down after depleting nearly $150 million in investor funds. Despite the company’s achievements, including a successful test flight of a hydrogen fuel cell-powered plane last year, it struggled to secure additional funding in a tough venture capital market.
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In March, Magmatic Resources (ASX:MAG) announced a joint venture with Fortescue (ASX:FMG) for the Myall copper-gold prospect in central western NSW.
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For the second time in as many years, Fortescue’s (ASX:FMG) third-quarter iron ore production and sales have been weaker than expected.
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Fortescue Group (ASX:FMG) has joined the December half-year iron ore bonanza already shared by Rio Tinto, BHP, Mount Gibson, and Mineral Resources.
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Fortescue Metals' (ASX:FMG) troubled Iron Bridge export magnetite iron ore mine in WA's Pilbara continues to cause problems and is nowhere near planned capacity at this stage.
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Fortescue Metals Group (ASX:FMG) revealed a small 1.4% fall in second-quarter iron ore shipments due to ongoing maintenance activities at some of its key projects in Western Australia’s Pilbara.
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