Fortescue’s Profits Down as Chinese Demand for High Grade Bites

Fortescue Metals (ASX:FMG) has posted a 58-percent decline in net profit in the 2017/2018 financial year, with the figure coming in at US$ 878 million. In comparison, during the 2016/2017 financial year the miner posted a profit of over US$ 2 billion. In its full-year results, published on Monday (August 20), the company also reported […]

Strike Bites Mount Polloy’s Copper Output

The owners of the Mount Polloy copper mine in the Cariboo region of British Columbia have reported a 31.8-percent fall in copper production this quarter as a result of ongoing strike action. In May, Imperial Metals (TSX:III) reported that its unionized employees at the mine, best known for the 2014 mine disaster, had gone on […]