News Articles for Fortescue

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.

Fortescue Metals Group may be required to regularly revise and publicly release the greenhouse gas management plan for its new Pilbara power station following an appeal by the state's peak conservation body.

Andrew Forrest has asserted that his mining company will do more to tackle climate change than electric car maker Tesla and revealed plans to start building Australia's first ‘green' steel plant this year.

Fortescue Metals Group has achieved an extraordinary jump in net profit to $US940 million in the month of December, highlighting the impact of sky-high iron ore prices.

NRW Holdings has been tasked with building plant infrastructure at Fortescue's Queens Valley project in the Pilbara, subcontracting takeover target Primero Group to complete the works.

Aboriginal businesses have won more than $13 million worth of contracts to work on Fortescue's Iron Bridge magnetite project.

WA Labor amassed a significant fundraising advantage this past financial year as unions, law firms and sitting members opened their wallets to fill the party's coffers.

Contracts totalling $23 million in combined value have been awarded to Belmont-based GenusPlus Group, according to its latest market update.

China's iron ore imports hit a record volume last year, helping to explain the surprising strength in the commodity's price and underpinning higher profits for the big miners.

After spending the past four months travelling the world on the old Fortescue Metals Group private jet, Andrew 'Twiggy' Forrest is now looking forward to the arrival of a brand new US$73 million aircraft.

Construction of 10, Arafura-class offshore patrol vessels has helped boost Civmec's $1.1 billion order book as record spending has flowed into the defence sector.

Shares in WA's gold and iron ore miners have shot up as the value of both commodities rose to impressive highs overnight.

Companies stripped of iron ore projects in Africa

The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

Thirteen WA-linked resources businesses were among Australia's 25 top corporate taxpayers, paying $16 billion between them.

Fortescue Metals Group has officially opened its Eliwana iron ore mine in the Pilbara, in the same week the commodity's price reached a new high of $US146 per tonne.

Decision time is looming as iron ore majors seek to lift export capacity.

Andrew Forrest is $2.7 billion richer after the iron ore price rose to a seven-year high, while Chris Ellison's stake in Mineral Resources has grown by $53.4 million.

Business News's in-depth remuneration survey shines a light on the state's high-income earners.

Fortescue Metals Group says it had no choice but to withhold royalties to a Pilbara Indigenous group after traditional owners declined to sign land access deeds.

UPDATED: Australia's share market was a little higher but the market operator has found another problem with data.

Fortescue Metals Group chairman Andrew Forrest has outlined an ambitious plan under which renewable energy will rank alongside the company's core mining business.

While many Australian exporters have tensely waited on news about trade sanctions from China, Fortescue Metals Group has inked deals with 12 partners.

Mining magnate Gina Rinehart has become Australia's richest person after her net worth jumped 109 per cent to nearly $29 billion.

Fortescue Metals Group has posted a 5 per cent rise in first-quarter iron ore shipments, with demand in China for the steelmaking ingredient remaining robust.