Fortescue share price edges up, but a new mine filing and earnings next week loom large for FMG
Fortescue shares closed up 0.5% at A$20.31 Thursday, with 5.23 million shares traded. Western Australia’s EPA opened a seven-day public comment period for Fortescue’s proposed Wyloo North iron ore mine, a 12 million-tonne-a-year project near Tom Price. Traders await the company’s half-year results on Feb. 25. Benchmark iron ore futures held at $99.74 a tonne on Feb. 18.