News Articles for Fortescue

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.

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.

Fortescue Metals Group has contracted Veris subsidiary Aqura Technologies to supply telecommunications at the Iron Bridge project in the Pilbara.

Expansion plans are in the works for some of WA's biggest exporters, but commodity prices and projects face uncertainty.

Sustainability and social responsibility were on the agenda at Diggers & Dealers.

Juukan Gorge is back in the news, amid a dispute between Fortescue Metals Group and the traditional owners.

Engineering and construction company Primero Group has unveiled new work, including with Fortescue Metals Group for its approaching Eliwana operation.

Resource Development Group has secured work at Fortescue Metals Group's Solomon Hub, while a contract with Chinese-owned Minjar Gold has been terminated.

Former Fortescue Metals Group director Kenneth C Ambrecht, who has been at the helm of several prominent American finance firms, has passed away.

Almost half of revenue reported by WA's top 20 public resources companies can be attributed to iron ore miners amid an industry boom.

Decmil has announced it will undertake $41 million of miscellaneous infrastructure works at Fortescue Metal Group's Iron Bridge magnetite project.

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.

Alinta Energy has announced an upgrade of its Newman power station, with Clarke Energy winning a contract to install 14 natural gas generating units.

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.

Our weekly appointments wrap includes Robert Solomon, Darren Leslie, Tam Emin, Rhett Bull, Warren Potma and Tony Greenaway.

CIMIC Group's construction business has secured $128 million in new work including with Fortescue Metals Group for its Iron Bridge magnetite project.

A national economy battered by COVID-19 could seek assistance from a strong iron ore sector in WA.

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.

Civmec has secured its second major contract with Fortescue Metals Group, this time to complete the earthworks and concrete package for Iron Bridge.

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.

Mining companies and Aboriginal groups face a very different future after the Juukan Gorge controversy and planned legislative changes.

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.

The history of value adding in the iron ore sector is a litany of missed opportunities.