Original article by Clyde Russell
The Australian Financial Review – Page: Online : 23-May-19
The spot price of iron ore for delivery to China has risen by more than 38 per cent so far in 2019, to over $US100 per tonne. Shares in Australian-listed Fortescue Metals Group have in turned gained 119 per cent in local currency terms, while Rio Tinto and BHP have risen by 33.7 per cent and 15.6 per cent respectively. In contrast, Brazil-based Vale has shed seven per cent in local currency terms so far in 2019, and nearly 16 per cent since a tailings dam collapse in late January.
FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, VALE SA, GRANGE RESOURCES LIMITED – ASX GRR, MOUNT GIBSON IRON LIMITED – ASX MGX, ARGUS MEDIA PTY LTD