News Articles for Fortescue

Iron ore miner Roy Hill has connected its Port Hedland operations to Horizon Power's North West Interconnected System following the installation of extensive underground facilities, which began in 2016.

New data out today shows female participation on ASX 200 boards has increased to 27.7 per cent in May, however five companies, including Perth-based Ausdrill, still have no female directors.

Iron ore exporters are jostling for position as on-water traffic grows at Port Hedland.

Gina Rinehart's Hancock Prospecting has acquired a 19.6 per cent shareholding in takeover target Atlas Iron, joining Mineral Resources and Fortescue Metals Group in the battle for control of the mid-cap iron ore miner.

Mineral Resources has agreed to allow takeover target Atlas Iron to enter discussions with other parties, one day after the Andrew Forrest-chaired Fortescue Metals Group purchased a blocking stake in the junior iron ore miner.

Andrew Forrest-chaired Fortescue Metals Group has taken a surprise 19.9 per cent stake in Atlas Iron, and says it will block the $280 million takeover proposed by diversified mining services business Mineral Resources.

Iron ore miner Fortescue Metals Group has approved development of its Eliwana mine and rail project in the Pilbara, which has an estimated $US1.28 billion ($1.7 billion) capital cost.

Iron ore maganates Gina Rinehart and Andrew Forrest remain in the top 10 of the nation's wealthiest people, according to the 2018 AFR Rich List, which included 20 Western Australians out of 200 people listed this year.

A long-mooted port development at Lumsden Point adjacent to existing operations at Port Hedland has taken a step forward with the Pilbara Ports Authority opening expressions of interest for potential investors in the project.

Business News' index of 30 Western Australian stocks hit an all-time high this week, helped by solid gains by copper miner Sandfire Resources, oil and gas giant Woodside Petroleum and engineering and construction contractor Monadelphous Group.

State government revenue will be boosted by several policy measures announced today, including increased cost recovery from the mining, maritime and justice sectors, removal of the resource sector's exemption from a training levy, and an increased levy on foreign property buyers.

Former Fortescue Metals Group CEO Nev Power's new career as a non-executive director has started with Perth Airport.

More than $12 billion of mining projects are in the pipeline for WA and likely to proceed, with major iron ore developments the biggest contributor.

Fortescue Metals Group has recorded higher production costs during the March quarter, while iron ore shipments were down slightly for the period.

A not-for-profit group established and chaired by retiring Governor Kerry Sanderson has attracted strong corporate support in its mission to improve our state's parks.

Fortescue Metals Group is expanding its fleet of autonomous haul trucks with the conversion of 100 vehicles at its Chichester mining hub, leaving the company with a fully driverless fleet.

The directors of Mineral Resources and Altura Mining have enjoyed solid growth in the value of their shares over the past month, according to data on Director Shareholdings tracked by Business News.

A Supreme Court judgement and a stoush with the state government over a new iron ore mine have shone a revealing light on the activities of the Eastern Guruma people and their business interests.

Rio Tinto has co-hosted 21 of the state's major companies at Scitech to announce further details on its partnership with South Metropolitan Tafe, with high-tech courses in automation expected to be rolled out in 2019.

Australian Aboriginal Mining Corporation chairman Daniel Tucker is confident the company will become the first Aboriginal-owned and operated iron ore miner this year, after signing a mine gate sales deal with Fortescue Metals Group.

Fortescue Metals Group has cut the amount it expects to receive for its iron ore shipments this year, saying slow Chinese construction and the recent Trump-inspired trade war fears are weighing on forecasts.

Perth-based mining company South32 has implemented new leave provisions that exceed those of most other employers, offering six months' parental leave on full pay and up to 10 days of paid domestic violence leave.

As the only artist to claim a space at Cottesloe's Sculpture by the Sea for each of the event's 14 exhibitions, Ratimir Marijan (Ron) Gomboc has created his largest sculpture yet for the seaside display.

Gina Rinehart's four children have joined their mining mogul mother among the world's richest people, with nine Western Australians included in Forbes' latest world billionaire rankings.

Former Fortescue Metals Group chief executive and well-known aviation enthusiast and commercial pilot, Nev Power, has been appointed as chairman of Perth Airport.

Automotive Holdings Group has selected current director Rob McEniry to replace outgoing chairman David Griffiths, while England-based Sebstian Coe will become a non-executive director at Fortescue Metals Group.

Nev Power has resigned as chief executive of Fortescue Metals Group. The company has appointed current chief financial officer and executive director Elizabeth Gaines as its new chief executive.

Fortescue Metals' half-year profit has dropped 44 per cent as the miner offered wider discounts on its lower-grade product, but the result still came in ahead of market expectations.

Altura Mining directors Allan Buckler and Paul Mantell and AusCann Holdings directors Mal Washer and Harry Karelis have been among a group of major Western Australian investors to have the value of their portfolios hit as markets have fluctuated in recent weeks.

Fortescue Metals shipped less iron ore in the December quarter as it continued to lower production costs.

Fortescue Metals Group has been included in a worldwide gender equality index created by data services giant Bloomberg.

Fortescue Metals Group founder and chair Andrew Forrest has seen his stake in the miner increase $249 million in value over the past four weeks, according to data on directors' shareholdings tracked by Business News.

The strong performance of the Business News index of 30 local companies designed to track the state's economy implies good years ahead for WA.

SPECIAL REPORT: Chris Ellison's astute commercial achievements placed him at the top of our short list of nine people contending to be person of the year.

The environmental watchdog has given the green light for BHP Billiton's planned 80 million tonnes per annum South Flank iron ore development, with first ore targeted in 2021.

Dutch company KOTUG and local subcontractor Westug have been selected to provide towage services for Fortescue Metals Group at Port Hedland, 18 months after the iron ore miner won a tender that broke BHP Billiton's monopoly at the port.

Fortescue Metals Group will appeal the Federal Court ruling granting exclusive rights to the Yindjibarndi people over Pilbara land where the company operates its Solomon hub, three weeks after the state government welcomed the decision.

SPECIAL REPORT: The five WA people with the largest holdings in listed companies have earned around $1.5 billion in dividends in the past five years, with Andrew Forrest and Kerry Stokes leading the way. Click through for our list of 50 directors and investors with holdings worth more than $11 billion between them.

Elizabeth Gaines' selection last week as the incoming chief executive of Fortescue Metals Group has shot her to the top of a very short list of genuinely powerful women in business in Western Australia. Click through to read more and see our listing of 12 leading WA women in business.

Fortescue Metals Group has announced major changes to its leadership, with a new chief executive taking the reins and its directors taking a hands-on role to support an updated strategy that focuses on producing more higher-grade iron ore.