Fortescue Metals Group Limited (FSUGY) Research
Fortescue Metals Group Limited is a global mining enterprise primarily engaged in the full lifecycle of iron ore, encompassing exploration, development, extraction, processing, and worldwide distribution, with a significant presence in Australia and China. Beyond its core iron ore activities, the company also actively explores for copper and gold deposits. Its extensive operational portfolio includes major assets such as the Chichester Hub, which comprises the Cloudbreak and Christmas Creek mines within the Chichester ranges, and the Solomon Hub, home to the Firetail, Kings Valley, and Queens Valley mines, all situated in Western Australia's Pilbara region, specifically the Hamersley ranges. Fortescue is additionally developing the Eliwana mine, another significant project in the Pilbara. The company's interests extend to a portfolio of properties located in Ecuador and Argentina, and it also provides port towage services. Established in 1983, Fortescue Metals Group Limited maintains its corporate headquarters in East Perth, Australia.
Market snapshot
- Symbol
- FSUGY
- Price
- $27.80
- Day change
- -1.42%
- Market cap
- $42.7B
- P/E ratio
- 11.12x
- 52-week range
- 18.56-33.44
- Sector
- Basic Materials
- Industry
- Industrial Materials
Recent news
- Australia's Fortescue to fast-track diesel elimination plans at Pilbara
Australia's Fortescue said on Friday it was expediting the rollout of an off-grid green energy system to eliminate fossil fuels, particularly diesel, from Pilbara mining operations.
- Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says
Iron ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday.
Peer companies
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