Fortescue Metals Group Limited (ASX: FMG)

Company Profile: Fortescue Metals Group Limited is a well-known global iron ore miner and is engaged in the exploration, development, production, processing and sale of iron ore. It has four mine sites in the Pilbara region and also operates designed rail and port facilities for supply to Port Hedland. The group was founded in 2003; and with its key mines, it is producing 170 million tonnes of iron ore per annum. The group aims to be the safest, lowest cost, most profitable iron ore producer; and in this regard, Fortescue has already been considered as lowest cost supplier of seaborne iron ore into China.

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