Business

The cost structure puts Fortescue near or below the average costs of larger rivals Vale , Rio Tinto and BHP Billiton.

Fortescue beats guidance, cuts costs

Fortescue Metals Group has reported higher than expected fiscal 2017 iron ore shipments and said it cut costs by 15 per cent in the fourth quarter amid a widening price discount for its ore.

"The market is very heated," Xu Maili, an analyst at Everbright Futures, said from Shanghai. "There is an outbreak of ...

Red metal is red hot

Copper surged, lifting shares of producers including Glencore, on bets that demand in China will fuel a global shortage.

Newcrest Mining is the biggest gold producer on the ASX.

Newcrest meets 2017 gold target despite earthquake

Newcrest Mining said its fourth-quarter gold production fell 7.7 per cent from a year ago after its flagship Cadia mine was hit by an earthquake, but output was just enough to meet its full-year target.

Andrew Forrest's Fortescue says the court's decision "has no impact on the current and future operations or mining ...

Fortescue likely to appeal native title decision

Fortescue Metal Group is likely to lodge an appeal after the Federal Court recognised a native title claimant group has exclusive rights over Pilbara land where the company operates the Solomon iron ore mine.

Woodside has brushed off competition from Qatar

Woodside brushes off looming Qatar competition

A plan by top global liquefied natural gas (LNG) exporter Qatar to ramp up output will stall the expected growth of U.S. LNG exports, Woodside Petroleum chief executive Peter Coleman said.