|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||29.65 - 30.61|
|52 Week Range||20.40 - 41.35|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||4.45|
|Forward Dividend & Yield||5.26 (17.23%)|
|Ex-Dividend Date||Sep 08, 2021|
|1y Target Est||N/A|
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Most readers would already be aware that Fortescue Metals Group's (ASX:FMG) stock increased significantly by 33% over...
Fortescue Metals Group said on Wednesday it had entered an agreement with the Gabon government to study the development of an iron ore project in the West African country. The Belinga iron ore project, located in the northeast of Gabon, has been progressively assessed by Fortescue since 2018 and is potentially one of the world's largest undeveloped, high-grade hematite deposits. The agreement will include a 36-month exclusivity period over the 5,500 square kilometre area, with Fortescue to create a Gabon mining company, owned 80% by Fortescue, to hold the tenure over the project. "Fortescue is pursuing global opportunities in iron ore that align with our strategy and expertise," Chief Executive Officer Elizabeth Gaines said in a statement.
Fortescue, the world's fourth largest miner of the steelmaking material, on Friday said it has appointed executive search firm Egon Zehnder to find a successor to CEO Elizabeth Gaines, who will shift into a nonexecutive director role at the company.