A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Australian mining group Fortescue today reported record shipments of 192 million tonnes of iron ore in its fiscal 2023 , up 2% compared to FY22 and at the top end of market guidance.
The company's FY23 revenue of US$16.9 billion decreased 3% on FY22 as the increase in iron ore sales was more than offset by a 5% decrease in average revenue. Underlying EBITDA of US$10.0 billion was 6% lower than FY22 with an underlying EBITDA margin of 59%. The company said that Iron Bridge achieved first concentrate loaded on ship in July 2023, adding that the updated life of mine C1 cost attributable to Fortescue is estimated at US$45/wet metric tonne.
The company also announced that its Board has declared a fully franked final dividend of A$1.00 per share. Including the interim dividend of A$0.75 per share, the total dividends declared for FY23 are A$1.75 per share .
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fortescue’s Iron Ore CEO Resigns After Less Than Six Months(Bloomberg) -- Fortescue Metals Group Ltd. said the company’s chief executive officer of its iron ore division, Fiona Hick, had resigned after less than six months in the role.Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTwitchy Traders Have S&P 500 Comebacks Fizzling at Historic PaceTrump Doesn’t Look So Invincible in Post-Debate PollsChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketThree US Marines Killed After Osprey Crash in AustraliaHick, w
Read more »
Fortescue’s Iron Ore CEO Resigns After Less Than Six MonthsFortescue Metals Group Ltd. said the company’s chief executive officer of its iron ore division, Fiona Hick, had resigned after less than six months in the role.
Read more »
Fortescue profit drops on Iron Bridge impairment charge; co-CEO to step downBy Roushni Nair and Melanie Burton (Reuters) -Australia's Fortescue on Monday reported a $1 billion pre-tax impairment charge associated with its flagship ...
Read more »
Fortescue Adds Ex-CSIRO Chief Larry Marshall to Board, AFR SaysFortescue Metals Group Ltd. added Larry Marshall, former chief executive of the Commonwealth Scientific and Industrial Research Organisation, to its board, the Australian Financial Review reported.
Read more »
After just six months at Fortescue, CEO Fiona Hick is outA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Helicopter Carrying US Marines Crashes Off Australian Coast: SkyA military helicopter carrying about 20 US marines crashed off the coast of Darwin in northern Australia on Sunday, Sky News Australia reported.
Read more »