Fortescue approves $417m Queens mine as analysts tip dividend top-up

Original article by Paul Garvey
The Australian – Page: 20 : 23-May-19

Pure-play iron ore producer Fortescue Metals Group will develop the Queens Valley mine in the Pilbara, with the project slated to cost $US287m ($417m). Paul Hissey of RBC Capital Markets says the recent rise in the iron ore price could significantly boost Fortescue’s earnings in the June quarter. This could in turn prompt another dividend payout when Fortescue releases its full-year results.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RBC CAPITAL MARKETS

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