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.
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.
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.
Fortescue Metals Group chairman Andrew Forrest has outlined an ambitious plan under which renewable energy will rank alongside the company's core mining business.
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.
Prominent Aboriginal mining executive Daniel Tucker has resigned from the company he founded after it scrapped a deal with Fortescue Metals Group in favour of working with Mineral Resources.
Mineral Resources has surprised the market by purchasing an iron ore project from Australian Aboriginal Mining Corporation, and also bought into a legal fight with Fortescue Metals Group.
Resource Development Group has secured work at Fortescue Metals Group's Solomon Hub, while a contract with Chinese-owned Minjar Gold has been terminated.
Fortescue Metals Group has received environmental approval to increase iron ore exports through Port Hedland to 210 million tonnes per annum, with other miners hoping to follow.
Fortescue Metals Group and the Papua New Guinea government will undertake feasibility work for hydropower projects, with electricity exports and steel making potential uses.
Fortescue Metals Group has substantially increased its final dividend after posting a record annual profit, with company founder and chairman Andrew Forrest getting nearly $2 billion in dividends.
Mineral Resources has reported a strong lift in earnings and dividends and outlined plans to double iron ore exports if it gains approval for a new port development.
The state government has brought forward Western Australia's renewable hydrogen targets by a decade and made a $22 million investment to fuel the sector.
Fortescue Metals Group has become Western Australia's most valuable company after strong production data released today supported its remarkable two-year share price rally.
Pacific Energy subsidiary Contract Power Australia has secured the works to build a new power station at Fortescue Metals Group's Solomon iron ore mine in the Pilbara.
The Australian share market has managed a late recovery to end the week higher, with shares in Fortescue Metals Group hitting an all-time high of $16.66.
Mining contractor Dynamic Drill and Blast says it will use funds raised from a $5 million initial public offering to tackle a strong tendering pipeline and potentially grow the business in Western Australia's civil sector.
Perth-based Resource Development Group has won contracts for work on Fortescue Metals Group's Cloudbreak mine and Tianye SXO Gold Mining's Minjar Gold mine worth $26 million.