The Fortescue Metals Group Limited (ASX: FMG) share price has risen 10.6% to $6.00 in the past month. Shares are now up 22.6% in the past 12 months and up 50.6% in the past 5 years.
According to Google Finance, Fortescue Metals Group is engaged in the exploration, development, production, processing and sale of iron ore. It owns and operates an integrated supply chain, including its approximately five berth Herb Elliott Port in Port Hedland and the heavy haul railway with approximately 42 ton axle load capacity over 620 kilometers of track. Its operations span over four mine sites in the Pilbara.
Fortescue has seen a remarkable turnaround in its operations over the past few years, as lower costs and rebounding iron ore prices have allowed the company to generate oodles of cash and pay down its enormous debt pile. Fortescue Metals Group Limited shares currently pay a 7.5% dividend, according to Google Finance, although company earnings and dividends remain highly sensitive to changes in the price of iron ore.
