News Articles for Fortescue

Two reports this week have highlighted concerns that commodity prices have peaked, with UBS saying iron ore is approaching an inflection point and set to fall sharply.

Engineering and construction company Monadelphous has won a number of new contracts including work on major iron ore projects Gudai-Darri and Iron Bridge.

China's not the only game in town, as recent moves in the resources sector demonstrate.

Fortescue Metals Group has confirmed its plans to develop a suite of multi-billion-dollar green energy projects in the Democratic Republic of Congo.

Former Artrage chief executive Marcus Canning and Fortescue deputy chief executive Julie Shuttleworth were among the Western Australians recognised by the 2021 Queen's Birthday Honours.

The mining sector is the largest supporter of indigenous businesses in Australia, but the contribution of the big miners is highly variable.

Fortescue Metals Group has again revised the cost of its Iron Bridge magnetite project in the Pilbara, to as much as $US3.5 billion.

Woodside Petroleum and Fortescue Metals Group have announced separate agreements today with major Japanese companies to assess production of green ammonia in Tasmania.

Fortescue Metals Group is aiming to award $1 billion of contracts to Aboriginal businesses and joint ventures over the next decade through its new green energy operation.

Administrators from EY have been appointed to various Pindan Group companies from 5pm this afternoon.

Resources companies need workers, while the state has the most job vacancies since 2012.

NRW Holdings has secured the crushing plant contract for Fortescue Metals Group's Cloudbreak operation while Pacific Energy is building a battery storage system for the Pilbara miner.

Fortescue Metals Group has posted a jump in iron ore output, helped by the commissioning of its Eliwana mine in December, while wet weather impacted the Pilbara miner's quarterly shipments.

With the big iron ore miners continuing to make record profits, is the WA community getting a fair return?

Shares in Talisman Mining closed up more than 30 per cent after the company announced its first royalty payment over Mineral Resources' new iron ore mine in the Pilbara.

Federal agencies are weighing up how best to respond to the seemingly irrepressible housing market.

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

Andrew Forrest's agribusiness interests shook off the pandemic, with revenue at Harvest Road up 22 per cent to be $418 million.

Western Australians have long considered themselves cut from a different cloth to those in other states, and little happened during a tumultuous 2020 to change that view, particularly in economic t

Engineering company Monadelphous will continue providing crane services to Pilbara miner Fortescue Metals Group under a new, five-year contract.

The construction and engineering arm of WestStar Industrial has secured $2.1 million in work on Fortescue Metals Group's Cloudbreak mine in the Pilbara.

Fortescue Metals Group has brought forward its target date for being carbon neutral, with the company spruiking green hydrogen while also talking down the future of gas.

Company culture is key, but it often remains an internal secret.

WestStar Industrial's engineering and construction arm has been subcontracted for works at Fortescue Metals Group's Solomon Hub in the Pilbara.

Members of the business community took part in a walking marathon on Saturday night and raised a record $1.5 million for Ronald McDonald House Charities WA.

Five Western Australian women have been recognised for their contribution to the state's resources sector, with Cube Consulting's Rebecca Prain claiming the top honour.

Five large mining companies have separately launched initiatives this week to accelerate a move toward electrification of their mine sites.

Fortescue Metals Group has apologised to an Aboriginal community after clearing a Western Australian site considered sacred, without representatives present.

Former prime minister Malcolm Turnbull is joining Fortescue Metals Group's green energy arm as chair of Australian Fortescue Future Industries.

Four former executives at Rio Tinto were paid a total of $57 million last year, with Sam Walsh and JS Jacques getting the biggest payouts.

Fortescue Metals Group has confirmed a $US400 million cost blowout for its Iron Bridge magnetite project while announcing a 44 per cent growth in revenue and higher dividend payout.

Fortescue Metals Group has announced the resignation of three senior executives, with the company citing cultural issues and refusing to confirm cost blowouts at its Iron Bridge project.

SRG Global has secured a $150 million contract with Fortescue Metals Group while family-owned business Whittens will undertake $30 million worth of works on the Pilbara miner's Iron Bridge project.

The day is nearing when dividends going out of WA exceed the capital coming.

The telecommunications arm of ASX-listed Veris has secured its second contract from Fortescue Metals Group in recent months, for work at the Pilbara miner's Kangi accommodation village.

Some of Australia's largest corporations are digging deep to raise funds for those affected by the devastating fire in Perth's north-east.

Carey Mining was one of the first private Aboriginal contractors to be established in Australia and it's still going strong.

Iron ore monolith, Rio Tinto has signed up to a 3-year software-as-a-service contract with ASX-listed tech player, K2fly. Rio will make use of K2fly's Infoscope software platform to manage very sensitive heritage information across its iron ore mining operations in Western Australia's Pilbara region. K2fly said the total contract value for the deal with Rio was set at A$719,000.

Andrew Forrest's Western Force has unveiled a new academy in partnership with Fortescue Metals Group, which aims to bolster local rugby talent.

Fortescue Metals Group chief executive Elizabeth Gaines says the Pilbara miner is well placed to meet China's sustained demand for iron ore after posting record first-half shipments.