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Bukit Besi mine
Company in the news
Fortress Minerals ramps up production as slump in iron ore prices continues
The Malaysia-based company has announced the commencement of production at its recently acquired Cermat Aman mine.
July 07, 2022
Broker's Calls
Phillip raises Fortress Minerals TP to 81 cents amid strong iron ore prices
Fortress Minerals is expected outperform ahead amid strong iron ore prices and favourable demand and supply dynamics.
July 16, 2021
Results
Fortress Minerals reports earnings of US$18.3 mil, record revenue of US$47.7 mil for FY2021
An interim dividend of 1.0 cent has been declared for the FY2021 and will be paid out on May 10.
April 22, 2021
Results
Fortress Minerals reports 477.6% higher 3QFY2021 earnings of US$4.3 mil due to higher revenue and 'favourable operating environment'
Fortress has also proposed to acquire a 100% stake in Monument Mengapur for US$30 million.
January 11, 2021
Broker's Calls
PhillipCapital positive on new iron ore producer Fortress Minerals
PhillipCapital has initiated coverage on iron ore producer Fortress Minerals with a “buy” rating and target price of 28 cents.
December 14, 2020