FSUMF News and Press, Fortescue Metals Group Ltd. From 02/27/23

Summary With the dollar still strong and inflation fears still looming, now is an especially good time for US investors to buy more foreign dividend stocks. US investors should also consider tax advantages of splitting international dividend stock exposure between taxable and tax-shelte...

Summary Tesla recalling 362,758 vehicles, or is that just a software upgrade? Tesla is surrounded by what I call "noise," things that could go wrong but that are not of much significance (other than to shorters). And then there's reality, which is that Tesla is not just a car compan...

Fortescue Metals ( OTCQX:FSUMF ) said Wednesday it entered into a deal with Gabon's government to start mining the Belinga iron ore deposit in this year's H2, after agreeing to legal, fiscal and regulatory regimes for the project. The company said the mining convention it signed allow...

Summary Plug Power cancels green hydrogen JV with Fortescue Metals Group as not economic. Fortescue adamant about the future for green hydrogen: Is there a better technology solution than PLUG’s electrolysers? Fortescue Future Industries (100% owned by FSUGY) has lots of enth...

Baker Hughes ( NASDAQ: BKR ) sent oil and gas drilling equipment to Russia from Scotland three months after the Scottish government called on businesses in the country to stop trading with Russia, The Herald reported Sunday. Documents reportedly reveal that £21M (~$26M) o...

Fortescue Metals ( OTCQX:FSUMF ) said Friday it delivered its highest-ever December quarterly shipments of 49.4M metric tons of iron ore, capping its best half-year period, and cut production costs from the previous quarter. The world's fourth biggest iron ore producer said FQ2 shipme...

Summary Electrification of Fortescue mining operations move a step forward with a huge battery (fast-charge 30 minutes) being trialled to power a 240-ton payload vehicle. Turmoil in one of Australia’s largest renewable energy projects, which planned to provide up to 15% of Singap...

Summary Pacer Global Cash Cows Dividend ETF holds 100 large cap dividend stocks in developed countries. GCOW is a well-balanced fund across countries and sectors. Yield, valuation, and dividend growth are attractive. Returns since 2016 are underwhelming, but the GCOW ETF has out...

Summary Technology's strong growth over the last decade, and sudden collapse, are reminiscent of the Australian mining boom. There are several lessons to be learned from the Australian mining boom and bust, which can provide a helpful framework for technology investors. Profitabilit...

Fortescue Metals ( OTCQX:FSUMF ) reported Thursday a 4.2% increase in Q1 iron ore shipments , helped by higher production at its key operations in Western Australia, but costs were sharply higher. The miner said it shipped 47.5M metric tons of iron ore in the September quart...