ArgonautArgonautArgonautArgonaut
  • About Us
    • Business Model
    • Regulation
    • Community
    • Jason and the Argonauts
    • Disclaimer and Disclosure
    • COVID-19 Visitor Requirements
  • Corporate Finance
  • Stockbroking & Research
    • Stockbroking
    • Research
    • Best Execution Policy
    • Administration Forms
    • Open an Account
  • Special Situations
  • News
    • Latest News
    • Morning Notes
    • Latest Research
  • Contact
    • Careers
      • Advisers
      • Graduate Program
      • Internship Program

Fortescue Metals (FMG) – Eliwana Is A Go

    Home Latest Research Fortescue Metals (FMG) – Eliwana Is A Go
    NextPrevious

    Fortescue Metals (FMG) – Eliwana Is A Go

    By admin | Latest Research | 0 comment | 29 May, 2018 | 0

    Fortescue Metals Logo

     

    Fortescue Metals (FMG) has green-lit the Eliwana Project in Western Australia following Board approval this week. The project will include an additional 143km rail spur, a new 30Mtpa dry ore processing facility and associated infrastructure. Estimated capital costs for the project are US$1.275bn with production due to commence in December 2020. FMG will deploy capital in stages with the bulk of spending expected in FY20. Management had previously suggested construction could begin as early as July-August 2018. The news is positive and helps FMG sustain a long term run rate of 170Mtpa, however questions still remain for Eliwana Reserves (due August 2018), operating costs as well as the planned product integration. Maintain HOLD.

    To access our review of Fortescue Metals please log in under the Client Area Log In at the bottom of this page.

    Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.

    If you would like to access our research please contact us to create an account.

    Perth:
    clientservices@argonaut.com
    +61 8 9224 6888

    Hong Kong:
    clientserviceshk@argonaut.com
    +852 3557 4888

     

    Google+

    No tags.

    NextPrevious
    • About Us
      • Business Model
      • Regulation
      • Community
      • Jason and the Argonauts
      • Disclaimer and Disclosure
      • COVID-19 Visitor Requirements
    • Corporate Finance
    • Stockbroking & Research
      • Stockbroking
      • Research
      • Best Execution Policy
      • Administration Forms
      • Open an Account
    • Special Situations
    • News
      • Latest News
      • Morning Notes
      • Latest Research
    • Contact
      • Careers
        • Advisers
        • Graduate Program
        • Internship Program
    Argonaut

    Argonaut | The Natural Choice in Resources.
    © 2022 Argonaut.

    Corporate Finance
    Stockbroking & Research
    Contact Us

    Argonaut | Perth

    Level 30, Allendale Square, 77 St Georges Terrace Perth, WA, 6000 Australia

    clientservices@argonaut.com

    ABN 72 108 330 650

    Argonaut | Login

    Client Area Help
    Register for Access to Client Area
    Privacy Policy
    Financial Services Guide 
    Website Disclaimer

    Copyright 2021 | Website ⚡ by Start Digital