Fortescue Metals Group anticipates slightly higher iron ore shipments in the 2020 fiscal year, but the iron ore miner also flagged higher production costs, which it put down to inflationary and haulage pressures.
New data from the Australian Institute of Company Directors shows that women make up only 29.7 per cent of directors on ASX 200 boards, with WA's NRW Holdings and Emeco Holdings among four companies that have no women on their boards.
The port of Port Hedland recorded a fall in iron ore exports for the 2019 fiscal year, with its major customer BHP today disclosing a decline in its annual production
Fortescue Metals Group says it expects to award over $500 million of Eliwana project contracts by the end of year, as construction officially started on the $1.8 billion project today.
US company Civeo has acquired Kewdale-based Action Industrial Catering, which counts Fortescue Metals Group, Pilbara Minerals and Western Areas among its major clients.
Fortescue Metals Group's recent awarding of $179 million in contracts to Aboriginal businesses highlights two different approaches to indigenous development.
Andrew Forrest has invested $15 million on Fremantle property assets in the past 15 months, as the biggest regenerative project in local history nears completion
Fortescue Metals Group has signed a conditional farm-in and joint venture agreement with Perth-based Tasman Resources for an exploration project in South Australia.
Premier Mark McGowan announced this morning that South Metropolitan TAFE will begin offering automation courses from semester two, 2019, the first of such nationally recognised qualifications available in Australia.
One of the state's largest indigenous contractors, which counted Fortescue Metals Group and Roy Hill Holdings among its clients, has been placed into liquidation.
Fortescue Metals Group's has given the green light to its US$287 million ($417 million) Queens Valley mining area development, after it received all necessary environmental and heritage approvals.
Andrew Forrest will have an income of nearly $1 billion this financial year after Fortescue Metals Group announced a 60 cent per share final dividend today.
BGC Contracting has been awarded a $24 million contract to deliver bulk earthworks and roads at the Fortescue Metals Group' $1.7 billion Eliwana iron ore project.
Fortescue Metals Group has agreed to revise the alignment of its Eliwana rail line, currently under construction in the Pilbara, to avoid damaging Aboriginal heritage sites. FMG's decision is a win for Wintawari Guruma Aboriginal Corporation.
The proportion of women on the boards of ASX200 companies has fallen for the first time in four years, putting a dent in the Australian Institute of Company Directors' 30 per cent gender diversity target.
Iron ore miner Fortescue Metals Group has reported flat third-quarter iron ore shipments and cut its annual shipments forecast because of disruptions caused by a tropical cyclone.
Fortescue Metals Group and joint venture partners Formosa Plastics Group and Baosteel Resources have approved the $US2.6 billion ($3.7 billion) development of the Iron Bridge magnetite project in the Pilbara, with the iron ore miner assuring the market it will not repeat the mistakes of earlier magnetite projects.
Fortescue Metals Group has awarded a major component overhaul and replacement services (MCORS) contract to three contractors with Port Hedland workshops, with Fortescue saying the contract would result in 17 full-time, local jobs.
Kimberley Pharmacy Services director and remote area pharmacist Hannah Mann has received the highest honour at this year's Business News 40under40 Awards, being named First Amongst Equals in a diverse pool of young business and community leaders.
The federal government has today announced new and renewed appointments to its Takeovers Panel including Perth-based John McGlue, Shirley In't Veld and Denise McComish.
Fortescue Metals Group has reported a 5 per cent dip in half-year profit, but blew past estimates as it won higher prices for its iron ore, pushing its shares to a two-year high.
Wintawari Guruma Aboriginal Corporation has failed in its attempt to overturn a key state government ruling concerning Fortescue Metals Group's Eliwana iron ore project.
Fortescue Metals Group has recorded a 5 per cent rise in iron-ore shipments for the December quarter, as it positions itself to increase output of a new higher-grade product.
Gold miners with Western Australian operations are providing a strong return to investors, making up 35 per cent of the top 20 performing stocks in the S&P/ASX 200 for the past three months.
Fortescue Metals Group has selected Belmont-based NRW Holdings as the preferred contractor to deliver the first stage of earthworks, roadworks and drainage works at the company's Eliwana rail project, located 90 kilometres west of the town of Tom Price in Western Australia's Pilbara region.
SPECIAL REPORT: There can be wide differences between the statutory pay reported by listed companies and the ‘take home' pay of their senior executives.
Andrew Forrest has made a $23 million share purchase in Fortescue Metals Group, confirming his position at the top of Business News' director shareholdings list.
Rio Tinto has approved a $3.5 billion investment to develop its Koodaideri iron ore mine in the Pilbara, lifting the total amount to be spent on new iron ore projects in Western Australia to $12 billion.
A recent deterioration in profits among China's steel producers is boosting the prospects of lower-grade iron ore producers such as Fortescue Metals Group, with steelmakers expected to shift their focus to reducing costs rather than boosting volumes if margins continue to decline.
ANNIVERSARY SPECIAL: Via a mix of good fortune and planning, WA has positioned itself as supplier to the fast-growing economies of Asia rather than a competitor. This article is part of a special series to mark Business News' 25-year anniversary.
