China’s State Iron Ore Buyer Extends Restrictions on Fortescue

An excavator, right, loads ore into autonomous dump trucks at Fortescue Metals Group Ltd.'s Solomon Hub mining operations in the Pilbara region, Australia, on Thursday, Oct. 27, 2016. Shares in Fortescue, the world's No. 4 iron ore exporter, have almost trebled in 2016 as iron ore recovered, and the company cut costs and repaid debt.