METAL DETECTIVE

FMG breaks its broker duck

ANDREW “Twiggy” Forrest’s Fortescue Metals Group has passed a couple of milestones this year – namely raising $A3.3 billion and starting mining at its Cloud Break iron ore deposit in Western Australia. But frustratingly for Twiggy, his achievements have been snubbed by the big Australian brokers.

Stephen Bell
FMG breaks its broker duck

They have refused to cover the stock, even though its market worth has more than doubled in 12 months to around $2.5 billion. However, Twiggy’s long wait for recognition finally came to an end last week...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.