Fortescue Metals Group Limited


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Q1 2022 Fortescue Metals Group Ltd Activities Report

Latest Developments


Fortescue Future Industries Says Acquired 60% Stake In High Yield Energy Technologies Group

Fortescue Says Targeting To Achieve Net Zero Scope 3 Emissions By 2040

Fortescue Says Operations At Solomon Hub Are Progressively Resuming


About Fortescue Metals Group Limited

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.


Metal Mining

Contact Info

Level 2 87 Adelaide Terrace, East Perth





Executive Leadership

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

Ian Wells

Chief Financial Officer

Julie Shuttleworth

Chief Executive Officer - Fortescue Future Industries

Key Stats

2.94 mean rating - 18 analysts
Revenue (MM, USD)
















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Latest News

Latest News

EXCLUSIVE-Australia must commit to carbon cuts to keep green energy advantage -Fortescue's Forrest

Australia risks losing its advantage in the green energy revolution if its leaders don't promptly commit to cutting carbon emissions by 2050, the country's richest man, Fortescue Metals Group founder Andrew Forrest said on Monday.

UPDATE 1-Australia's Fortescue to make green hydrogen equipment in Queensland

Fortescue Metals Group Ltd's green energy unit said on Monday it plans to build the world's biggest electrolyser factory in Queensland, looking to jump start the green hydrogen industry in Australia.

UPDATE 1-Fortescue resumes Solomon Hub operations after worker's death

Australia's Fortescue Metals Group Ltd said on Friday it had restarted operations at its Solomon Hub site in Western Australia, a day after a worker died at the site, adding that its cost and output forecasts for fiscal 2022 remained unchanged.

Fortescue resumes Solomon Hub operations after employee death

Australia's Fortescue Metals Group Ltd said on Friday that operations at its Solomon Hub site in Western Australia had restarted after the death of an employee forced the world's no.4 iron ore miner to halt work on Thursday. (Reporting by Shashwat Awasthi; Editing by Rashmi...

UPDATE 2-Fortescue halts operations at Pilbara site after employee's death

Fortescue Metals Group Ltd said on Thursday an employee had died after a ground collapse at its Solomon Hub site in the Pilbara region of Western Australia, forcing it to temporarily suspend mining operations at the project.

UPDATE 6-Fortescue posts record profit, dividend but cuts management bonuses

* Founder Andrew Forrest to net $1.6 bln from final dividend (Adds new emissions goals, analyst comment on bonus cut)

Iron ore miner Fortescue posts record annual profit

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.

Australia shares set to open higher; NZ rises

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...

UPDATE 1-Fortescue worker tests positive for COVID-19 at Western Australia site

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.

UPDATE 2-China demand powers Fortescue shipments to record, beats annual estimate

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.

Fortescue reports record fourth-quarter iron ore shipments

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.

UPDATE 2-Fortescue quarterly costs jump as wet weather dents iron ore shipments

* Tight supply, strong steel demand supports high iron ore price

Fortescue third-quarter shipments flat due to weather disruptions

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.

Australia's Fortescue eyes Brazil plant amid green hydrogen push

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.

Aboriginal group to rate miners like Rio, Fortescue on performance

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 PM Turnbull joins Fortescue's green unit

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.

UPDATE 4-Fortescue declares bumper dividend, but faces setback in green push

* Shares climb 2.6% (Recast, adds detail on renewables projects for growth)

UPDATE 1-Fortescue CEO says iron ore market to remain robust for some time

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.

Fortescue CEO says iron ore market to remain robust for some time

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.

UPDATE 3-Fortescue COO, executives step down amid Iron Bridge review

* Fortescue says to do with team culture, communication breakdown

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