Australian Stock Report - Share Tips
Fortescue Metals (FMG) Announce Power Station Sale
share-tips
Publish date: Wed, 05 Sep 2012, 04:41 PM
share-tips
0 1,810
Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.
Fortescue Metals Group Ltd. explores for and produces iron ore. The company conducts business worldwide and is listed on the Australian Stock Exchange.
Fortescue Metals announced the sale of the power station at its Solomon iron ore mine in the Pilbara region of Western Australia to TransAlta Corporation for net proceeds of US$300 million.
The company has concurrently entered into a long term Power Purchase Agreement with TransAlta for 100% of the power station's capacity over the current life of the Solomon mine.
Fortescue CEO Nev Power said the agreement provides for long-term security of power supply to the 60 million tonne per annum Solomon mine, which is currently under construction.
Fortescue Metals (FMG) Announce Power Station Sale is a post from: Australian Stock Report Share Tips
No related posts.
More articles on Australian Stock Report - Share Tips
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Latest Videos
Apps
Top Articles
1
#
Stock
Score
Daily Stocks
Stock
Last
Change
Volume
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
