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Fortescue Signs Management Framework With Eastern Guruma People
Fortescue FY Underlying NPAT $10.35 Bln
Fortescue Sees FY22 Guidance For Shipments Of 180 - 185 Mt
Fortescue Metals Group Limited (Fortescue) is an Australia-based company engaged in iron ore mining. The Company is focused on exploration, development, production, processing, and sale of iron ore. Fortescue owns and operates a fully integrated infrastructure and supply chain, including five-berth Herb Elliott Port in Port Hedland; the Judith Street Harbour towage infrastructure and the heavy-haul railway covering 620 kilometers of track. The Company is also developing the Eliwana Mine and Rail Project and the Iron Bridge Magnetite Project. Its Chichester Hub in the Chichester Ranges includes the Cloudbreak and Christmas Creek mines. The Solomon Hub in the Hamersley Ranges is located 60 kilometers north of Tom Price and 120 kilometers to the west of its Chichester Hub. It includes the Firetail and Kings Valley mines, which together have a production capacity of 75 million tons per annum (mtpa). Its Iron Bridge project is located over 145 kilometers south of Port Hedland.
Level 2 87 Adelaide Terrace, East Perth
John Andrew Henry Forrest
Non-Independent Non-Executive Chairman of the Board
Elizabeth Anne Gaines
Chief Executive Officer, Managing Director, Executive Director
Mark B. Barnaba
Lead Non-Executive Independent Deputy Chairman of the Board
Chief Financial Officer
Chief Executive Officer - Fortescue Future Industries
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* Founder Andrew Forrest to net $1.6 bln from final dividend (Adds new emissions goals, analyst comment on bonus cut)
Fortescue Metals Group Ltd reported a record annual profit and a bumper dividend on Monday after the Australia-based iron ore miner posted record shipments to take advantage of soaring prices of the steelmaking ingredient.
Australian shares are set to open higher on Monday, taking cues from a strong Wall Street rally on Friday, with earnings from iron ore miner Fortescue Metals Group Ltd and Crown Resorts Ltd expected in the session. The local share price index futures rose 0.2%, a 47.3-point...
Fortescue Metals Group said on Wednesday a maintenance contractor working at its Cloudbreak iron ore mine in Western Australia had tested positive for COVID-19 but that there had been no material impact to operations.
Australia's Fortescue Metals Group Ltd on Thursday narrowly beat its full-year estimate for iron ore shipments after a record fourth quarter, as strong demand from top consumer China offset the impact of bad weather.
Australia's Fortescue Metals Group Ltd on Thursday reported record iron ore shipments for its fourth quarter, as strong industrial activity in top consumer China underpinned demand for the steelmaking ingredient.
* Tight supply, strong steel demand supports high iron ore price
Fortescue Metals Group Ltd on Thursday reported flat third-quarter iron ore shipments as wet weather disrupted its mine operations in the Pilbara region of Australia.
Fortescue Metals Group Ltd is looking to build a green hydrogen plant in Brazil, executives told Reuters on Monday, as the Australian miner acts on recently announced plans to go carbon neutral by 2030.
An Aboriginal group on Wednesday said it plans a scorecard to rate miners in Western Australia's iron ore heartland on how well they comply with various environmental, social and governance metrics.
Former Australian Prime Minister Malcolm Turnbull has joined Fortescue Metals Group's new green energy development company as chairman of its Australian unit, the iron ore miner said on Tuesday.
* Shares climb 2.6% (Recast, adds detail on renewables projects for growth)
The global iron ore market is likely to remain robust for some time, given supply concerns and stronger-than-usual demand from top consumer China, Fortescue Metals Group Chief Executive Elizabeth Gaines said on Thursday.
The global market for iron ore market is likely to remain robust for some time, given supply concerns and stronger-than-usual demand from top consumer China, Fortescue Metals Group Chief Executive Elizabeth Gaines said on Thursday.
* Fortescue says to do with team culture, communication breakdown
Australia's Fortescue Metals Group Ltd said on Tuesday Chief Operating Officer Greg Lilleyman and two other executives had resigned as part of a review of its Iron Bridge Magnetite project in Western Australia.
* Iron ore supply expected to be tight in coming months (Adds details on Fortescue expansion)
* Infratil jumps 20% after rejecting takeover offer (Updates to close)
Fortescue Metals Group and Origin Energy Ltd announced on Tuesday separate plans to assess building ammonia export plants in the Australian island state of Tasmania, as both seek to tap opportunities in renewable energy.
Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania, as part of its push to become a major renewable energy producer.
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