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Fortescue Metals Group Limited

FMG.AX

Latest Trade

14.74AUD

Change

0.14(+0.96%)

Volume

9,432,937

Today's Range

14.42

 - 

14.75

52 Week Range

13.91

 - 

26.58

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Latest Developments

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

Oct 7 (Reuters) - Fortescue Future Industries::SAYS ACQUIRED 60% STAKE IN HIGH YIELD ENERGY TECHNOLOGIES GROUP.Further company coverage: FMG.AX. ((Reuters.Briefs@thomsonreuters.com;)).

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

Oct 5 (Reuters) - Fortescue Metals Group Ltd <FMG.AX>::TARGET TO ACHIEVE NET ZERO SCOPE 3 EMISSIONS.FFI IS TARGETING PRODUCTION OF 15 MILLION TONNES OF GREEN HYDROGEN ANNUALLY BY 2030.TARGET TO ACHIEVE NET ZERO SCOPE 3 EMISSIONS BY 2040.APPROACH TO REDUCING SCOPE 3 EMISSIONS TO DEVELOP PROJECTS & TECHNOLOGIES WITH A FOCUS ON REDUCING EMISSIONS FROM IRON AND STEEL MAKING.ENABLE A REDUCTION IN EMISSIONS INTENSITY LEVELS FROM STEEL MAKING BY FORTESCUE'S CUSTOMERS OF 7.5 PER CENT BY 2030 FROM FY21 LEVELS.WILL ALSO PRIORITISE DECARBONISATION OF ITS OWN FLEET OF EIGHT ORE CARRIERS.WILL ALSO ENGAGE WITH SHIPPING PARTNERS TO REDUCE, AND AIMING TO ELIMINATE, EMISSIONS FROM SHIPPING.MEDIUM-TERM TARGET TO ENABLE REDUCTION IN EMISSIONS INTENSITY LEVELS FROM SHIPPING OF CO'S ORES BY 50% BY 2030 FROM FY21 LEVELS.CO AND FFI FOCUSED ON SUPPORTING ADOPTION OF GREEN AMMONIA IN NEW VESSEL CONSTRUCTION.CO AND FFI FOCUSED ON PURSUING OPPORTUNITIES FOR EMISSIONS REDUCTION AND ELIMINATION IN IRON AND STEEL MAKING.

Fortescue Says Operations At Solomon Hub Are Progressively Resuming

Oct 1 (Reuters) - Fortescue Metals Group Ltd <FMG.AX>::OPERATIONS AT ITS SOLOMON HUB ARE PROGRESSIVELY RESUMING.CONTINUES TO WORK CLOSELY WITH ALL RELEVANT AUTHORITIES ON INCIDENT INVESTIGATION AT SOLOMON HUB.ORE PROCESSING ACTIVITY HAS RECOMMENCED AND MINING ACTIVITY IS PROGRESSIVELY RESUMING AT SOLOMON HUB.FORTESCUE'S GUIDANCE FOR FY22 SHIPMENTS, C1 COST AND CAPITAL EXPENDITURE REMAINS UNCHANGED.Further company coverage: FMG.AX. (Reuters.briefs@thomsonreuters.com).

Fortescue Reports Fatality As Result Of Incident At Solomon Hub Mining Operations

Sept 30 (Reuters) - Fortescue Metals Group Ltd <FMG.AX>::THERE HAS BEEN A FATALITY AS A RESULT OF INCIDENT AT SOLOMON HUB MINING OPERATIONS.MINING OPERATIONS AT SOLOMON REMAIN TEMPORARILY SUSPENDED.INCIDENT OCCURRED WHEN THERE WAS A COLLAPSE OF GROUND AND FORTESCUE IS WORKING CLOSELY WITH ALL RELEVANT AUTHORITIES.Further company coverage: FMG.AX. ((Reuters.Briefs@thomsonreuters.com;)).

Fortescue Signs Management Framework With Eastern Guruma People

Sept 16 (Reuters) - Fortescue Metals Group Ltd <FMG.AX>::FORTESCUE - MANAGEMENT FRAMEWORK WITH EASTERN GURUMA PEOPLE.FORTESCUE - -MANAGEMENT FRAMEWORK WITH EASTERN GURUMA PEOPLE.FORTESCUE - 10-YEAR MINING SERVICES CONTRACT TO BE AWARDED TO NEW JOINT VENTURE IS ESTIMATED TO BE WORTH OVER A$500 MILLION.FORTESCUE - BOTH PARTIES WILL ESTABLISH A CULTURALLY SAFE MINING JOINT VENTURE TO MINE EAST AND WEST QUEENS DEPOSITS ON EASTERN GURUMA COUNTRY.FORTESCUE - CO AND WINTAWARI GURUMA ABORIGINAL CORP ESTABLISHED A CO-MANAGEMENT FRAMEWORK TO OVERSEE DEVELOPMENT OF NEW MINES AT CO'S SOLOMON HUB OPERATIONS.FORTESCUE - CONTRACT LARGEST EVER AWARDED TO AN ABORIGINAL BUSINESS BY FORTESCUE.FORTESCUE - A WORKING GROUP WILL BE FORMED TO COLLABORATIVELY WORK TOGETHER ON ALL STAGES OF MINE DEVELOPMENT.

Fortescue FY Underlying NPAT $10.35 Bln

Aug 30 (Reuters) - Fortescue Metals Group Ltd <FMG.AX>::FY REVENUE ROSE 74 PERCENT TO USD 22.3 BILLION.FY UNDERLYING NPAT $10,349 MILLION VERSUS $4,746 MILLION.FULLY FRANKED FINAL DIVIDEND OF A$2.11 PER SHARE.FFI'S FY22 EXPENDITURE IS ANTICIPATED TO BE US$400 - US$600 MILLION.

Fortescue Sees FY22 Guidance For Shipments Of 180 - 185 Mt

July 29 (Reuters) - Fortescue Metals Group Ltd <FMG.AX>::FY22 GUIDANCE FOR SHIPMENTS OF 180 - 185MT AND C1 COST OF US$15.00 - US$15.50/WMT. SEES FY22 CAPITAL EXPENDITURE OF (EXCLUDING FFI) OF US$2.8 - US$3.2 BILLION.QTRLY TOTAL ORE SHIPPED 49.3 MT VERSUS 47.3 MT.AVERAGE REVENUE OF US$168/DRY METRIC TONNE FOR QUARTER.QTRLY C1 COSTS $15.23 PER WMT VERSUS $13.02 PER WMT.QTRLY ORE MINED FORTESCUE MT VERSUS 57.2 MT.QTRLY ORE PROCESSED 50.9 MT VERSUS 42.7 MT.CRUDE STEEL PRODUCTION OUTSIDE OF CHINA HAS LARGELY RECOVERED TO PRE-COVID LEVELS.FORTESCUE'S CHINESE SALES ENTITY, FMG TRADING SHANGHAI CO. LTD SOLD 2.8MT IN Q4.IRON BRIDGE PROJECT WILL DELIVER 22MT/ANNUM OF HIGH GRADE 67% FE MAGNETITE CONCENTRATE, WITH FIRST PRODUCTION SCHEDULED BY DECEMBER 2022.FORTESCUE FUTURE INDUSTRIES' FY22 EXPENDITURE ANTICIPATED TO BE US$400 - US$600 MILLION.SEES FY22 CAPITAL EXPENDITURE FOR IRON BRIDGE FORTESCUE SHARE BETWEEN US$850MLN-US$1,050 MILLION.SEES FY23 CAPITAL EXPENDITURE FOR IRON BRIDGE FORTESCUE SHARE BETWEEN US$100M-US$300 MILLION.

Fortescue Future Industries Signs MoU With State Of Ceará, Brazil For Green Hydrogen Projects

July 8 (Reuters) - Fortescue Future Industries Pty Ltd::FORTESCUE FUTURE INDUSTRIES AND THE STATE OF CEARÁ SIGNED A MOU.MOU TO ASSESS OPPORTUNITY TO DEVELOP HYDROGEN-BASED GREEN INDUSTRIAL PROJECTS IN BRAZIL.MOU FOR PARTIES TO CONDUCT DEVELOPMENT STUDIES INTO FEASIBILITY OF INSTALLING RENEWABLE GREEN HYDROGEN PLANT.Further company coverage: FMG.AX. ((Reuters.Briefs@thomsonreuters.com;)).

Fortescue Awards Warrikal Pty Ltd A$350 Mln Maintenance Contract For Pilbara Ops

July 7 (Reuters) - Fortescue Metals Group Ltd <FMG.AX>::WARRIKAL PTY LTD AWARDED 5-YEAR A$350 MILLION CONTRACT FOR MAINTENANCE & SHUTDOWN SERVICES ACROSS CO'S PILBARA OPERATIONS.

Fortescue Future Industries Signs Option Agreement With Tasports For Green Hydrogen Plant

June 22 (Reuters) - FORTESCUE FUTURE INDUSTRIES::FORTESCUE FUTURE INDUSTRIES - SIGNS OPTION AGREEMENT WITH TASPORTS FOR LAND AND OPERATING ACCESS FOR GREEN HYDROGEN PLANT.FORTESCUE FUTURE INDUSTRIES - PROJECT IS TARGETED FOR AN INVESTMENT DECISION BY FORTESCUE BOARD IN 2021.FORTESCUE FUTURE INDUSTRIES - AGREEMENT TO EXCLUSIVELY NEGOTIATE ALL LAND AND REQUIREMENTS FOR PROPOSED 250 MW GREEN HYDROGEN PLANT IN TASMANIA.Further company coverage: FMG.AX. ((Reuters.Briefs@thomsonreuters.com;)).

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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