Fortescue Metals’ (ASX:FMG) troubled Iron Bridge export magnetite iron ore mine in WA’s Pilbara continues to cause problems and is nowhere near planned capacity at this stage. Cost overruns, technical problems, management changes, and budget blowouts saw a $US1 billion pre-tax impairment in the June 30, 2023 year, as Fortescue battled to rightsize the budget […]
Fortescue faces pipeline leaks Read More »
Shares in Domino’s Pizza (ASX:DMP) plunged by as much as 30% on Thursday morning after the company withdrew its guidance. This decision followed the revelation that sales in Asia, a major area of operations, were down by 8.9% in the six months leading up to December, compared to the same period in 2022. Despite some
Domino’s Pizza shares plummet amidst sales slump in Asia Read More »
EV Resources (ASX:EVR) drilling has commenced at Parag, with multiple diamond drill holes to be drilled in 2024 off 20 permitted platforms. In response Hugh Callaghan, Managing Director of EVR, stated, “the fundamental demand and supply of copper points to considerably higher prices in years ahead. A scarcity of worthwhile projects, and our timing, positions
Stocks of the Hour: EV Resources, Antilles Gold, Respiri Read More »
Australian shares opened higher with a significant boost from iron ore miners BHP, Rio Tinto, and Fortescue, all of which saw gains exceeding 1 percent, driving up the overall market index. This surge in their stocks was driven by iron ore prices rising above $US135, following the announcement by the governor of China’s central bank
ASX up 0.17%: Iron ore miners show gains Read More »
What are utilities? Utilities are companies that produce and deliver basic essential services such as electricity, natural gas and water. These services are delivered by a network of assets that require the use of public rights-of-way. Crucially, these networks exhibit attributes of a natural monopoly: the extensive capital required to construct the assets make it
An introduction to utilities Read More »
Business Quality is a key factor in the Airlie investment process, and we typically define a high-quality business as one that can earn a decent return on its capital. The Real Estate Investment Trust (REIT) sector is not typically thought of as a high total return sector due to the low-yielding nature of real estate
Stock Story: Charter Hall Read More »
Fortescue Metals Group (ASX:FMG) revealed a small 1.4% fall in second-quarter iron ore shipments due to ongoing maintenance activities at some of its key projects in Western Australia’s Pilbara. The world’s fourth-largest iron ore miner reported shipping 48.7 million tonnes of the steel-making commodity for the December quarter, compared with 49.4 million tonnes shipped a
Fortescue Metals Group reports 1.4% drop in Q2 iron ore shipments Read More »
