BHP v Rio v Fortescue: it's all about the iron ore …
The game at the moment, with the iron ore price up from US$80 to around US$200, is to decide whether the iron ore price rise is sustainable or overbought. It is the multi-million-dollar question. Capital Economics guesses the iron ore …
Australia's iron ore giants face earnings, dividend plunge
BHP Group Limited is the world's leading mining group. Net sales break down by family of products as follows: - iron ore (47.3%): 253,000 Kt produced in 2021/22; - base metals (259%): copper (1,635,7 Kt produced), silver (12,200,000 ounces), zinc (123.2 Kt), uranium oxide (2.4 Kt), etc.; - coal (23.9%): energy coal (17,937 Kt produced) and metallurgical coal (37,064 …
Fortescue running in black despite iron ore plunge | Reuters
Australia's Fortescue Metals Group Ltd <FMG.AX> signalled it is still operating in the black despite a plunge in iron ore prices after driving down costs, potentially easing pressure on the ...
Iron ore stocks fall after China offers no new stimulus package
Fortescue (-2.2%), Champion Iron (-1.9%) and BHP (-0.5%) were all trading lower. However, fellow iron ore miner Rio Tinto climbed 0.7% following confirmation that it had …
Iron ore price plunge: how fundies are positioning in Fortescue, BHP …
The predicament follows an earnings season that saw Fortescue, BHP and Rio Tinto declare a combined $17 billion in dividends to Australian shareholders after a year of bumper profits.. Since the ...
Australia's iron ore giants face earnings, dividend plunge
BHP, which will report its first-half results on Feb. 21, is expected to record attributable profit from total operations of $6.82 billion, down from $9.44 billion. First-half net profit at Fortescue, reporting on Feb. 15, is seen declining to $2.34 billion from $2.78 billion. BHP and Fortescue report on a July-June financial year.
Is it time to bet on iron ore miners like Fortescue, BHP
The upward move for iron ore has also driven relatively consistent returns for names like Fortescue, BHP and Rio Tinto . Iron ore price seasonality. The below data observes the average, median and the percentage of months that are positive between July 2014 and November 2024. The iron ore price that I'm quoting here are Singapore ...
Australia Iron Ore Mining Industry Research Report 2024 …
Australia Iron Ore Mining Industry Research Report 2024 with Forecast to 2030 Featuring Rio Tinto, BHP, Fortescue, Mitsui & Co, and Mineral Resources Ltd
Australia's iron ore giants face earnings, dividend plunge
BENGALURU/MELBOURNE : Australia's iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep drop in their earnings, which is set to compress their payouts to shareholders, after ...
When will BHP, Rio Tinto and Fortescue shares bottom?
Iron ore heavyweights BHP, Rio Tinto and Fortescue seem trapped in a relentless downward spiral as prices for the steelmaking ingredient plummet to levels not seen since the …
BHP, Rio Tinto still have edge on Fortescue for iron ore …
Fortescue's (FMG) muscular debt reduction and cost cutting was on full show in its June quarter update.
Is there more pain ahead for BHP, Rio Tinto and …
Iron ore markets are off to a rocky start this month, with prices plummeting 4.1% on Monday to US$97 a tonne, raising concerns for major producers. This downturn comes in the wake of China's latest economic data, …
Rio Tinto, BHP and Fortescue collaborate on new learning programs …
Rio Tinto, BHP and Fortescue Metals Group (Fortescue) have agreed to partner and fund innovative, industry-first learning programs as part of a continued commitment towards mining sector workplaces that are free from sexual harassment, bullying and racism. ... Comments attributed to BHP WA Iron Ore asset president Brandon Craig: "Sexual ...
Iron ore price hits 3-week low on firmer supply, softer steel …
The benchmark December iron ore on the Singapore Exchange was 1.81% lower at $98.72 a ton, as of 0714 GMT. Shipments from Australia's leading Port Hedland terminal totalled 45.6 million tons in ...
Iron ore plunge weakening BHP and Fortescue – Standard
Standard & Poor's said that plunging iron ore prices will probably weaken BHP Billiton Limited's credit metrics and hurt profits at Fortescue Metals Group Limited.
BHP resumes South Flank iron ore operations after short …
BHP's Mining Area C (MAC) and South Flank mines make up its Central Pilbara hub, part of the miner's Western Australian iron ore operations that together delivered 65 million metric tons of ...
Fortescue claims green iron lead over Rio Tinto, BHP
Fortescue says it will be producing green iron from a pilot plant in Western Australia before its bigger rivals BHP and Rio Tinto have even worked out whether to push ahead with their own version ...
Iron ore billionaire clashes with executives over Fortescue's …
Andrew Forrest, billionaire founder and executive chair of Fortescue, Australia's third-largest mining company, turned up at the group's 20-year anniversary party on a mining truck, waving a ...
PREVIEW-Australia's iron ore giants face earnings, dividend plunge
BENGALURU/MELBOURNE, Feb 14 (Reuters) - Australia's iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep drop in their earnings, which is set to compress their payouts to ...
Fortescue feels brunt of iron ore slump
The iron ore miner is trading at $25.36 per share, down from $28.90 one month ago. Industry analysts at Bloomberg say Fortescue, which relies on iron ore for over 90 per …
Iron Ore Slump Tests Mettle of Mining Giants …
Investors in three of the world's major iron ore producers, BHP (ASX: BHP), Rio Tinto (ASX: RIO), and Fortescue Metals Group (ASX: FMG), are facing pressures as their share prices have tumbled significantly.
Is there more pain ahead for BHP, Rio Tinto and Fortescue …
"The stocks are pricing in US$88 a tonne for the iron ore producers. Hence, we think it is a good time to revisit iron ore equities in our view." Source: Citi Research. The multitude of headwinds flagged by Citi suggests that the path of least resistance for iron ore miners continues to be flat at best, if not lower.
Australia's iron ore giants face earnings, dividend …
Australia's iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep drop in their earnings, which is set to compress their payouts to shareholders, after China's COVID ...
Australia's iron ore giants face earnings, dividend plunge
By Himanshi Akhand and Melanie Burton. BENGALURU/MELBOURNE (Reuters) – Australia's iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep drop in their earnings, which is set to compress their payouts to shareholders, after China's COVID lockdown drove down iron ore prices.
ASX rewinds on China iron ore threat as BHP, Fortescue reverse
ASX rewinds on China iron ore threat as BHP, Fortescue reverse. In a rollercoaster session, the market started firmly higher, fell on reports of a new trade threat and finished the day near its lows.
Better buy: Fortescue or BHP shares?
The BHP share price is valued at 10.5x FY24's estimated earnings, so it's priced higher than Fortescue. Foolish takeaway. With the iron ore price as high as it is, above US$120 per tonne, I wouldn ...
Iron ore set to struggle amid subdued steel demand
Iron ore is among the most vulnerable to China's slowdown risks, as the country's property market constitutes the bulk of steel demand. ... Rio Tinto, BHP and Fortescue – reached 259 million tons in the first half of the …
SteelData on LinkedIn: BHP, Fortescue, Rio Tinto hit by tumbling iron
BHP, Fortescue, Rio Tinto hit by tumbling iron ore prices The news: BHP, Fortescue and Rio Tinto all sank on the ASX as iron ore prices fell to their lowest levels since 2022.
BHP, Fortescue, Rio Tinto hit by tumbling iron ore prices
The news: BHP, Fortescue and Rio Tinto all sank on the ASX as iron ore prices fell to their lowest levels since 2022. The numbers: Futures lowered for a fourth consecutive day in Singapore, dropping by 2% to below US$94 a tonne ($141.87), before paring some losses. The sell-off was driven by new data in China that showed mills reduced steel production to about …
Fortescue Generating Torrents of Cash Flow at Current Iron Ore …
Fortescue is the world's fourth-largest iron ore exporter. Margins are well below industry leaders BHP and Rio Tinto, and some way behind Vale, meaning Fortescue sits in the highest half of the ...