Deutschland entdeckt Fortescue!
ByRaphael Minder in Hong Kong
Published: February 24 2009 12:49 | Last updated: February 24 2009 12:49
Hunan Valin Iron & Steel on Tuesday joined the swelling ranks of Chinese investors in debt-strapped Australian resources companies by agreeing to buy a 16.5 per cent stake in Fortescue Metals for A$1.2bn (US$780m).
Australia’s third-biggest iron ore producer said on Tuesday that it was also considering an institutional share placement, as well as negotiating a hybrid funding package with China Investment Corp (CIC), the sovereign wealth fund. CIC is understood to be considering an even bigger investment than Valin’s to help Fortescue reduce debt.
EDITOR’S CHOICE
Chinese deals test Australia’s rules - Feb-19Tough times are just beginning at Rio - Feb-15State-owned Valin’s purchase underlines how Chinese groups are seeking to take advantage of funding difficulties and slumping stock market valuations to secure better access to Australia’s mineral riches.
Ahead of Tuesday night’s announcement, analysts at Macquarie had estimated Fortescue would need A$731m in additional capital on top of internally-generated funds to finance its expansion.
Like other recent Chinese investments in Rio Tinto and Oz Minerals, Valin’s purchase will need approval from Australia’s Foreign Investment Review Board. There has been intense political debate in Canberra about the influx of Chinese money.
Li Xiaowei, Valin’s chairman, described Tuesday’s deal as “an excellent example of the close relationship between Australia and China and the opportunities we can unlock together in partnership”.
The transaction gives Fortescue an additional A$558m in cash, as Valin is buying 225m new shares at A$2.48 a share. Valin is also acquiring 275m shares from two Harbinger Capital funds, giving the Chinese group a combined stake of 16.5 per cent and reducing Harbinger’s holding in Fortescue from 16 per cent to 7 per cent.
Andrew Forrest, Fortescue’s chief executive and founder, remains the largest shareholder with 35 per cent.
A person familiar with the negotiations said that Valin stepped in last November, after Fortescue failed to secure an investment from China’s Baosteel. The person said that China’s further involvement in Fortescue was now likely to be limited to CIC, in the form of hybrid or convertible debt financing package.
Lou Jiwei, CIC chairman, met Fortescue management earlier this month during a visit to Australia.
Valin’s purchase could help Fortescue with an institutional placement, which sources said could raise as much as A$500m.
Fortescue stressed that Valin had also signed a “standstill agreement” that would prevent it from raising its stake in Fortescue above 17.5 per cent. Valin was advised by Deutsche Bank.
Fortescue only started production last May, but had ranked among Australia’s most valuable companies on the back of optimism about its expansion plans.
But Fortescue’s shares have fallen 60 per cent in the past year on the back of a downturn in commodities and concerns about its debt financing. The shares, which were suspended on Monday pending an announcement, last traded at A$2.38, giving Fortescue a market value of A$7.95bn.
Copyright The Financial Times Limited 2009
SYDNEY, March 31 (Reuters) - Australia is likely to approve Chinese state-owned steelmaker Hunan Valin Iron and Steel Group buying 17 percent of iron ore miner Fortescue Metals Group (News), the West Australian paper reported on Tuesday.
'Although Treasurer Wayne Swan is yet to make his decision public, it is understood he will not object to the Hunan Valin Iron and Steel Group spending A$645 million ($438 million) to boost its stake in FMG to 17.4 percent,' the paper said in an unsourced report.
Earlier this month, Fortescue said Australia's Foreign Investment Review Board (FIRB) had extended its review of the deal by an extra 30 days from March 25.
Fortescue, headed by founder and chief executive Andrew Forrest, is looking to reduce a debt burden of A$4.9 billion as of Dec. 31.
Last week, Swan blocked a proposed A$2.6 billion takeover of OZ Minerals Ltd by another Chinese state-owned company, Minmetals, on national security grounds.
That left OZ scrambling to get an extension on A$1.3 billion in debt coming due on Tuesday.
The FIRB is also considering Chinese state-owned aluminium maker Chinalco's $19.5 billion investment in Rio Tinto Ltd .
The government has been under pressure from opposition politicians to limit the Chinese state's influence in Australia's key mining sector.
Fortescue's deal with Valin would make the Chinese group its second-biggest shareholder behind Forrest and give it a seat on the board.
($1=1.473 Australian Dollar)
(Reporting by James Thornhill; Editing by Sonali Paul)
((james.thornhill@thomsonreuters.com; +61-2-9373-1816; Reuters Messaging: james.thornhill.reuters.com@reuters.net)) Keywords: FORTESCUE/
(If you have a query or comment on this story, send an e-mail to news.feedback.asia@thomsonreuters.com)
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Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Monday April 20, 2009, 1:50 pm
Iron ore miner Fortescue Metals Group Ltd says it is in early-stage talks with various parties regarding future investment and financing.
"Notwithstanding, Fortescue confirms these are preliminary and incomplete in nature as the company remains focused on ensuring the successful ramp up of its current infrastructure platform," the company said in a statement on Monday.
Fortescue said the talks with a range of parties were "part of its usual business activities".
The miner was responding to media reports about potential corporate transactions, following a visit to China by senior Fortescue executives.
News Ltd reported on Monday that Fortescue chief executive Andrew Forrest had met bankers in Hainan over the weekend to seek at least $2 billion to fund the expansion of its operations in Western Australia's Pilbara region.
Fortescue said in late February that it expects to hit a production rate of 45 million tonnes (Mt) by mid-2009.
At that time, it was on track for fiscal 2008/09 production of about 38 Mt.
Shares in Fortescue were up 12 cents, or 4.74 per cent, at $2.65 at 1328 AEST.
Fortescue may seek Shanghai listing -China News
SHANGHAI, May 11 (Reuters) - Australian iron ore miner Fortescue Metals (News) may list its shares in Shanghai, which plans to allow foreign listings under an ambitious development scheme, the official China News Agency reported, quoting Fortescue CEO Andrew Forrest.
Forrest said Fortescue's equity tie-up with China's Hunan Valin Iron and Steel Group would help its localisation in China and may facilitate a Shanghai listing, the news agency reported on its website, www.chinanews.com.cn, on Saturday.
China has given no timeframe for allowing foreign companies to float shares in Shanghai, proposed as part of a plan to make the country's financial hub a global financial centre by 2020.
Forrest made the comments during a signing ceremony on Friday for a strategic partnership with Valin, China News said.
(Reporting by Alfred Cang and Edmund Klamann)
((alfred.cang@thomsonreuters.com; +86 21 6104-1763; Reuters Messaging: alfred.cang.reuters.com@reuters.net)) Keywords: FORTESCUE/SHANGHAI
(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
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Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Montag 1. Juni 2009, 10:16
Der Handel in Aktien der Stillstand BC Iron Ltd wurde in einer Suspension, wie der Bergbau Junior weiterhin Verhandlungen über die Details der Zugang zu den Fortescue Metals Group Schienen-und Hafenanlagen in Western Australia.
BC Iron beantragt die Aussetzung am Montag, dass es weiterhin zu Verhandlungen über die Vereinbarung mit Fortescue, die Eisenbahn-und Transportunternehmen Hafendienste für BC's Nullagine Iron Ore Project.
"Das Unternehmen ist noch nicht in der Lage, die vollständigen Angaben auf dem Markt", sagte das Unternehmen.
BC Iron-Aktie zuletzt gehandelt auf 62,5 Cent.
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Wertpapier: Fortescue Ltd. |
June 6, 2009 - 12:12PM
Andrew Forrest's Fortescue Metals is not involved in the Pilbara iron ore compact of Rio Tinto and BHP Billiton in the Pilbara but is has nevertheless emerged as a big winner.
Investors pushed shares in Fortescue 14 per cent or 41 cents higher to $3.21 in recent trade on the basis that the combination of RIO and BHP in the Pilbara would prompt a backlash from the Chinese steel industry, the world's biggest.
The gain for Fortescue outpaced the share price gains for BHP and Rio which now face the prospect of the Chinese steel industry giving Fortescue preferential treatment in the sourcing of iron ore supplies and prices.
Fortescue is the so-called "new force" in the Pilbara iron ore industry but its current annual production of 25 million tonnes is dwarfed by that of Rio (200 million tonnes) and BHP (130 million tonnes).
The impact of the global financial crisis on demand and mining issues has meant that Fortescue is taking longer than planned to increase its annual output to 55 million tonnes a year, with plans to go higher still.
It can now look towards funding from China to build to the higher rates at the expense of expansion plans of the Rio/BHP combination. China has long been fearful of the pricing power that a Rio/BHP combination would bring to the iron ore market.
That was behind the recent move by China's Hunan Valin Iron and Steel on to the Fortescue share register. It now owns 17 per cent of the group.
http://www.chart4u.de/boersenforum/...tachmentid=350&d=1248888856
mfg Kn007
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Wertpapier: Fortescue Ltd. |
Thursday August 13, 2009, 3:22 pm
Iron ore miner Fortescue Metals Group Ltd has requested a trading halt on its shares pending an announcement on "the completion of a commercial negotiation".
Fortescue earlier this week declined to comment on reports it is in advanced discussions with sovereign wealth fund China Investment Corp (CIC) to sell convertible bonds worth about $US1 billion ($A1.19 billion).
A Fortescue spokesman said on Wednesday the miner was "always in talks" but did not confirm whether the news reports about CIC were correct.
Fortescue later issued a statement saying it was holding discussions with a range of parties regarding matters including finance opportunities to fund its iron ore expansion plans.
The company wants to increase its throughput or a "run rate" - the rate at which ore is processed through its plant in Western Australia's Pilbara region - from about 36 million tonnes per annum (Mtpa) currently.
It says it plans to progressively ramp up to 45 Mtpa, then 55 Mtpa, hitting 95 Mtpa "within a medium-term horizon of 2012".
Shares in Fortescue were up 10 cents, or 2.3 per cent, at $4.45 at 1455 AEST on Thursday
freue mich auf meine Gewinne !!!
https://www.tradingcentral.com/chart/FMGAUD100104040103.gif
mfg
Knoech007
Am Beispiel von Fortescue Metals können Sie eindrucksvoll sehen, welche enormen Gewinnchancen bei einer solchen Unternehmenstransformation vorhanden sind!
http://www.rohstoff-welt.de/news/artikel.php?sid=16711
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Wertpapier: Fortescue Ltd. |
Hört sich zumindest sehr spannend an und könnte dazu beitragen, dass FMG in Deutschland bekannter wird.
www.gevestor.de/details/...en-bringt-fast-100-000-rendite-548445.html
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Wertpapier: Fortescue Ltd. |
Andrew Forrest erhöht im großen Stil seine Positionen bei Fortescue!
Eisenerz-Aktien: Milliardär sieht Unterbewertung
von Jens Lüders - Mittwoch 11.07.2012
New York (BoerseGo.de) - Australiens reichster Mann, der Milliardär Andrew Forrest, sieht derzeit gute Kaufgelegenheiten im Eisenerz-Sektor. Informationen von Bloomberg zufolge ist der Australier jüngst bei seinem eigenen Eisenerz-Produzenten Fortescue Metals Group auf der Kaufseite aktiv geworden. Insgesamt hat er eigene Aktien im Gegenwert von 137 Millionen US-Dollar aufgekauft..
http://www.godmode-trader.de/nachricht/...-Metals-Group,a2873057.html
Die chinesischen Kommunisten wählen im nächsten Monat eine neue Führung. In der Rohstoffbranche hofft man, dass diese sich mit großen Konjunkturpaketen ins Amt einführen werden.
Rund einen Monat noch, dann könnten für den Rohstoffsektor in China wichtige Entscheidungen anstehen. Die Branche leidet weltweit unter anderem unter den schwächer werdenden Wachstumsraten in China. Viele Rohstoff-Förderer waren zu optimistisch, was die Entwicklung in dem Land angeht. Nun, wo die chinesische Wirtschaft Schwächezeichen offenbart, müssen insbesondere bei extrem konjunktursensitiven Rohstoffen harte Einschnitte vorgenommen werden. Der australische Eisenerzkonzern Fortescue (WKN: 121862) ist hierfür ein herausragendes Beispiel.
Da sich die europäische Schuldenkrise, ein weiterer wesentlicher Belastungsfaktor, nicht kurzfristig auflösen wird, ruhen die Hoffnungen der Branche vor allem auf chinesische Konjunkturprogramme. Das ist der Grund, warum man bei den Rohstoff-Unternehmen gebannt auf den November blicken dürfte. Dann nämlich werden die regierende Kommunisten Chinas ihren Parteitag abhalten, der nur alle fünf Jahre stattfindet. Neben personellen Veränderungen an der Spitze dürfte vor allem eins auf der Agenda stehen: Man will die schwache Wirtschaft antreiben. Die besten Möglichkeiten hierfür bieten Investitionen in die Infrastruktur des Landes - und genau mit solchen großen Förderprogrammen wird gerechnet.
Dass rund einen Monat vor dem Parteitag in China eine Meldung durch die chinesische Presse geistert, dass es ein staatliches Investitionsprogramm in den Eisenbahnsektor geben wird, scheint daher nur ein Vorbote zu sein. Bereits seit einiger Zeit häufen sich wieder Meldungen über solche Programme, den „großen Wurf" haben die verantwortlichen chinesischen Politiker aber bisher nicht geschafft.
Umso größer werden die Hoffnungen und Erwartungen an den Parteitag. Dass Rekordniveaus wie das 2008er-Paket von fast einer halben Billion Euro verabschiedet werden, erscheint aufgrund der deutlich veränderten finanziellen Rahmenbedingungen allerdings nicht sehr wahrscheinlich. Dass auch kleiner ausfallende Infrastrukturinvestitionen Chinas die Nachfrage nach vielen Rohstoffen stabilisieren werden, dürfte dennoch kaum bestritten werden.
Die noch bange Frage aber ist: Reicht das auch aus, um den Boom der letzten Jahre in einigen Rohstoffbereichen wie zum Beispiel dem australischen Eisenerzsektor weiter zu halten? Australien ist Chinas wichtigster Eisenerz-Zulieferer, würde demzufolge besonders von einer wieder stärkeren Nachfrage profitieren. Doch unter chinesischen Produzenten ging zuletzt noch Skepsis um, dass die staatlichen Konjunkturprogramme das erhebliche Stahl-Überangebot kompensieren können. Australische Eisenerzproduzenten kürzen zudem Investitionen und Kosten. Der Eisenerzpreis dagegen hat sich in den vergangenen Wochen deutlich von seinen Tiefs, die Anfang September erreicht wurden, erholt - am Markt scheint man etwas optimistischer zu sein als in der Branche.
http://www.goldinvest.de/index.php/...e-konjunkturprogramme-auf-26271
Da hier lange Zeit Stille herrscht, schreibe ich mal meinen ersten Beitrag...
Nach einiger Beobachtungszeit und dem Tief bei 1,50 hielt ich die Zeit für Reif bei 1,69 den Einstieg zu wagen. Ich denke, die Nachfrage wird schon wieder anziehen und hier könnten nette Gewinne drin sein - bin gespannt...