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China-Australia trade: iron ore miner Fortescue set earnings, shipment records in past financial year

Summary:
[unable to retrieve full-text content]China’s ravenous appetite for iron ore has helped Australian miner Fortescue double its profits and achieve record shipments while making Australian shareholders and governments wealthier with a bumper dividend and royalty payouts.In its 2020-21 financial year results released on Monday, Fortescue said it had more than doubled its net profits to US.3 billion and unveiled total dividends of about US billion.The miner, which ships almost all of its iron ore to China, said it reached its …

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[unable to retrieve full-text content]
China’s ravenous appetite for iron ore has helped Australian miner Fortescue double its profits and achieve record shipments while making Australian shareholders and governments wealthier with a bumper dividend and royalty payouts.In its 2020-21 financial year results released on Monday, Fortescue said it had more than doubled its net profits to US$10.3 billion and unveiled total dividends of about US$8 billion.The miner, which ships almost all of its iron ore to China, said it reached its …

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