FMG

Projects soar at a record high of $173.5 billion as mining giants invest in ore, coal, and gas ventures. Value of mining investments surged up to 31 percent in the last six months from October to April.

Fortescue Metals (ASX:FMG) will not go through with a planned US$1 billion credit facility because of the credit market slump, but this will not impact plans to step up production capacity. The company announced on Thursday that it has received $475.6 million from a syndicate of banks for a three-year unsecured revolving facility.

Fortescue Metals' (ASX:FMG) future Solomon Hub project is getting an estimated 716 million tonnes of iron ore reserves. The Perth-based group has also announced that this figure is expected to double over time.

In a Friday statement, Fortescue said, "The reserve was estimated from a measured and indicated resource of 858Mt and a subsequent in-pit inventory of 795Mt which in turn converted at 90 per cent to the estimate figure."

WorleyParsons (ASX:WOR) has won a $250 million engineering services contract from iron ore company Fortescue Metals (ASX:FMG). WorleyParsons is ramping up production at Port Hedland where iron ore throughput is to be increased from about 55 million tonnes annually (mtpa) to 155 mtpa.

Fortescue Metals (ASX:FMG), Australia's third biggest iron ore producer, expects 12 million tonnes raise in the present quarter after heavy rains impeded March shipments by 15.8 percent to 8.37 million tonnes. Cash production costs increased to $US 44.96 a tonne while ore prices went up eight percent to $US 162 per dry metric tonne at shipping ports.

Share Filter of the Top 10 Stocks on the ASX 100 for the week. These stocks increased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (12th week: 21st March to 25th March 2011). Other lists of ASX companies by market capitalisation.

Bottom Stocks - Stock Market Trading on the ASX100 for the week. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (10th week: 7th March to 11th March 2011). Other lists of ASX companies by market capitalisation.

Australian Share Prices Which Fell Dramatically on the S&P ASX 100 for the week. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (8th week: 21st February to 26th February 2011). Other lists of ASX companies by market capitalisation.

S&P ASX 100 Shares Losers companies for the week. These stocks decreased their share price by the largest percentage on the Australian sharemarket, the Australian Securities Exchange (ASX) from the previous week of trading (3rd week: 17th January to 21st January 2011). Stocks included in this weeks list are: PDN, BSL, CPU, AIO, PRY, BLY, FMG, GFF, SGM, RHC, COH, NCM, TSE, MCC, RIO.

Australia's third-biggest producer of iron ore, Fortescue Metals (ASX:FMG) have seen their shares rise dramatically yesterday closing 54 cents higher at $7.27 (8 percent), a new 52 week high. Andrew "Twiggy" Forrest made a paper gain of about $568 million, or more than $1.5 million for every minute the shares traded today, valuing his 31.3 per cent shareholding at about $7.07 billion.