Company
ASX:FMG
Fortescue Ltd is one of the world's leading producers of iron ore from its operations in Pilbara, Western Australia. The company has also developing and acquiring green energy technologies and projects, which will help the world step beyond fossil fuels.
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Major Australian resource stocks roared back into the green today with 16 of the top 20 by market cap. trading higher, as investors re-enter the market to buy resource companies after the recent sell-off.
Acquisitions appear all the rage in the first month of 2011, with international companies jumping on the band wagon such as the Hong Kong based Regent Pacific Group cash takeover offer for Pilbara focused BC Iron.
