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Fortescue Metals Group Ltd - OTCPK - Current

4/19/2014, 5:34 AM ET
Quote & Analysis Breaking News StockTalk Description
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Industry: Gold
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Country: Australia

Fortescue Metals is principally engaged in the operation of an integrated logistics chain starting with the mining of iron ore from the company's Cloudbreak mine site, the railing of product along the company's heavy haul rail line through to the loading of ships at the company's port facility at Port Hedland. Fortescue Metals second mine at Christmas Creek has commenced operations with product being trucked to the Cloudbreak ore processing facility for inclusion in the product blend. The company also maintains an aggressive exploration and metallurgical program which is progressively developing tenement areas outside of the current mining sites.