over the past six months, shipping 4 per cent more volume than in the same period last year, and 17 per cent more than the equivalent period just four years earlier in 2018.It puts Fortescue on track to meet the top end of its full-year export target, even though theappears likely to make a weaker-than-expected contribution to that goal.
Dr Forrest said Chinese households and industrial customers were keen to get moving on projects that were delayed by last year’s COVID-zero policy. “That huge population are ready to roll,” he said. The comments add fuel to a 60 per cent rally in iron ore prices since Platts reported benchmark ore with 62 per cent iron was selling for $US79.50 a tonne on October 31.Fortescue received an average of $US87 a tonne for its ore over the past six months – about 88 per cent of the average price for “benchmark” ore with 62 per cent iron in the period.
“FMG’s very strong operational performance is overshadowed by weakening iron ore fundamentals, on UBS view for China’s recovery to be consumption-led and property stabilisation to be ‘L’ not ‘V’ shaped,” he said. Dr Forrest said the Simandou schedule was not influencing Fortescue’s growth plans, and that the company’s interest in Gabon’s Belinga iron ore deposit would complement, rather than compete with, its Australian mines.“We are not in a race with Simandou and we really don’t need to be. We are going to develop at Fortescue speed,” he said.
He’s never scrutinised about his ‘ on going connection with China “ why ? Seems be Australian spokesperson for Chinese activities in Australia, ? Never once been pro Australian or been critical of Chinese man made virus 🦠 list is endless
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
After Fortescue’s stunner result, Forrest says China ‘ready to roll’OPINION: Fortescue’s impressive December quarter numbers show it can juggle its huge list of priorities. But for now, China remains the growth engine.
Source: FinancialReview - 🏆 2. / 90 Read more »
‘Too scared’: Andrew Bogut reveals more NBL players were against pride jerseyFormer NBA champion Andrew Bogut has revealed there were players outside of the Cairns Taipans team who also disagreed with the NBL’s pride round jersey. Several Taipans players were allegedly considering not wearing the pride jersey, which led to the club ultimately pulling out of the plan entirely due to harmful commentary directed toward their players. “It is sold as ‘everyone must do it’ and this is what happens when you have two or three people that don’t, it just causes absolute shockwaves and the media jumps all over it, they love the division and the talking point of this,” Mr Bogut told Sky News host Paul Murray. “I’m for freedom of choice on it, so if someone wants to support it then by all means, but this whole thing that it was just two or three players – I know for a fact there were more than that in the league that were kind of like ‘oh, that is kind of against my beliefs’. “They were too scared to not go ahead with it, but that is not just the Cairns Taipans, I know that for a fact.” WTF is going on? Is everyone becoming brainwashed all at the same time? Sports people have now become vehicles of cultural Marxism instead of sport. I dont see why anyone should be forced to support something they dont believe or agree with. If they are proud of who they are then thats on them but others shouldn't be forced to share the same ideals
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Prince Andrew kicked out of Buckingham PalacePrince Andrew has been given the boot by King Charles III and told he can no longer use his suite of rooms at Buckingham Palace. Blow may not mean what you think it means in this context. TMI He should have stuck with his own classes.he wouldn't be in this trouble
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Changing Australia Day date will ‘mean nothing’: Andrew BogutFormer NBA champion Andrew Bogut says he believes changing the date of Australia Day will “mean nothing” and will just “move the goalpost”. “I think the date change is not going to accomplish much,” he told Sky News host Paul Murray. “I just think this has become very political, very divisive for both sides.” The Rogue Bogues Podcast host said trying to cancel other people’s right to celebrate Australia Day is also “not very inclusive”. Shut up and dribble.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Andrew Tate appears for day two of forensic device searchesAndrew Tate, the influential internet personality who is detained in Romania on suspicion of organized crime and human trafficking, has appeared at prosecutors&x27; offices. FreeTopG
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Prince Andrew forced to leave Royal PalacePrince Andrew has been forced to leave Buckingham Palace after being told by King Charles he can no longer live in his allocated suite of rooms. Arrangements are being made to find him accommodation. The Duke of York was stripped of his military and royal duties after allegations surfaced about his links to Jeffrey Epstein. But has been offered a suite of rooms at St James Palace instead. hardup I reckon this Prince is incorrigible, that’s why. He needs to go work on a farm or for some charity. A non head of state job like his daughters.
Source: SkyNewsAust - 🏆 7. / 78 Read more »