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3 articles for Fortress Minerals Ltd
Fortress Minerals Ltd: Hit by production disruptions
2Q22 results were below expectations. Sales volume was lower than expected. Downgrade to ACCUMULATE with lower TP of S$0.51. Iron ore prices are expected to remain weak around US$140/DMT, with continued steel production cuts in China. + Operating cas...
Vivian Ye @ PhillipCapital 15 October 2021
Fortress Minerals Ltd: Ore production almost doubled this quarter
+ Continued volume growth. Iron ore concentrate volumes sold increased 93.7% YoY in 3Q21. This translated to revenue growth of 150.9% YoY. Volume and revenue were both lower QoQ due to monsoon disruptions to production that typically occur at year-en...
Vivian Ye @ PhillipCapital 21 January 2021
Fortress Minerals Ltd: Initiation – Rise of an iron-ore producer
Fortress Minerals (FML) is an iron ore concentrate producer in Malaysia. FML sells primarily to steel mills in Malaysia and China. 1HFY21 production volume surged 57% YoY to 231,007 WMT. Demand was driven by new offtake agreements with steel mills in...
Vivian Ye @ PhillipCapital 14 December 2020
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Malaysia
Asia
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About
Fortress Minerals Limited mines, processes, and distributes iron ore. The Company focuses on exploration, mining, production, and distribution of iron ore concentrates. Fortress Minerals serves customers in Singapore and Malaysia.
