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Fortescue focused on iron ore mining under the name of Fortescue Metals Group (FMG) until July 2023. [2] As of 2017, Fortescue is the fourth-largest iron ore producer in the world. [ 3 ] The company has holdings of more than 87,000 km 2 in the Pilbara region of Western Australia , making it the largest tenement holder in the state, [ 4 ] larger ...
HotCopper started by Ron Gully as a bulletin board in 1994 and then went to the web in 1995. The first recorded listing in The Web Archive is 1998. [13]HotCopper is named after "hot" 1c and 2c shares which derive their name from the 1c and 2c coins in Australia which were made of copper (no longer in circulation) i.e. "Hot" "Copper".
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John Andrew Henry Forrest AO (born 18 November 1961), nicknamed Twiggy, is an Australian businessman.He is best known as the former CEO (and current non-executive chairman) of Fortescue Metals Group (FMG), and has other interests in the mining industry and in cattle stations.
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
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Originally, FMG planned to increase the production at Cloudbreak to 55 million tonnes through a US$220 million upgrade of the plant, but this had to be abandoned in October 2009 because of funding difficulties through its Chinese investors. Instead, Fortescue decided to develop the Christmas Creek deposit, at a cost of US$360 million, by ...
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