SUBSCRIBERS
Fortescue to pay record dividend as miner's profit doubles
Published Mon, Aug 21, 2017 · 09:50 PM
Sydney
WORLD number four iron ore miner Fortescue Metals Group said on Monday that it will pay a record-high final dividend after more than doubling its annual profit, and plans to give more of its profits to shareholders in the future.
The Australian mining company also signalled that it was diversifying outside its core Chinese market to sell iron ore to buyers in emerging Asian countries and Europe.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
China State Shipbuilding to build 18 LNG ships for QatarEnergy
Shell earns US$1 billion a year from US crude trading, court filing shows
Gold eases as steady US dollar dampens appeal
Oil prices fall 1% on Israel-Hamas ceasefire talks, US inflation concerns
Hot stock: Don Agro surges after plans to sell 92.3% group assets for 4.5 billion roubles
China could hinder BHP’s bid to become copper’s top producer