News Articles for Fortescue

SPECIAL REPORT: One of the few positives in a tough year for business was the gold sector, and at the forefront was Northern Star Resources, under the leadership of Bill Beament.

Andrew Forrest has finalised the purchase of a $16 million oceanfront house in Cottesloe from an elderly man who has apologised for implying the billionaire pressured him into the sale.

Recent annual meetings have failed to resolve long-running divisions at two of WA's most important Aboriginal corporations.

BC Iron shares plummeted today after the company announced production at the Nullagine joint venture would be suspended as a result of the weak iron ore price, with more than 200 jobs at risk.

Billionaire Gina Rinehart has seen off the first shipment of iron ore from her $10 billion Roy Hill project, on the same day BC Iron entered a trading halt ahead of a review of its Nullagine joint venture project.

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

With the iron ore price falling to nearly $US40 per tonne, analysts can't see an end to the pain any time soon.

Subsidiaries of listed companies Ausdrill and RCR Tomlinson have been ordered to pay more than $450,000 in fines and court costs over two workplace deaths five years ago.

The first shipment of iron ore from Gina Rinehart's $10 billion Roy Hill project has been delayed because of commissioning and safety issues.

The latest official report into Western Australia's gas supply and demand outlook has raised the ire of a group of major domestic gas users, which says some of its key findings are misleading and called for an independent review into how the report is compiled.

Indigenous contracting in the Pilbara is getting more competitive, more complicated and arguably more divisive, as players chase a shrinking pool of work.

It is one of the most overused quotes of all time, but if you look at the old and the new of Western Australia's mining industry it is impossible to avoid thinking about the first words in Charles Dickens' novel, A Tale of Two Cities: “It was the best of times, it was the worst of times”.

Sodexo has been shortlisted with two other companies to manage all of Rio Tinto's camps and other facilities in the Pilbara, in the same week it has been awarded a contract to run Shell's Prelude Floating LNG facility.

Actress Claudia Karvan joined Fortescue Metals Group chief executive Nev Power to recognise White Ribbon Day and speak out against violence towards women.

Perth-based Indigenous Construction Resource Group is poised to become a bigger player in the mining services sector after its chairman, Clinton Wolf, lured NRW Holdings founder and former managing director Jeff McGlinn out of retirement.

BC Iron says it's doing okay in the face of falling iron ore prices and might even diversify into gold or other metals in the future.

Smart-ticketing company Vix Technology has strengthened its push into the resources sector by acquiring specialist Australian software company Osmotion for an undisclosed sum.

Indigenous contractor Yurra has formed a joint venture with BGC Contracting to provide services to Rio Tinto's rail work in Cape Lambert and Dampier, with the value of the deal undisclosed.

The state government says the shipping capacity of Port Hedland could increase by 16 per cent to 577 million tonnes, opening up the possibility of further growth in iron ore exports through the existing harbour.

Fortescue Metals Group chairman Andrew Forrest has strongly criticised the strategies of the state's other major iron ore miners at the company's annual general meeting today, although the board experienced a close shave on its remuneration report.

The resources sector has dramatically increased productivity in the past year, as lower commodity prices drive a wave of cost cutting across the industry, according to the latest national accounts numbers from the Australian Bureau of Statistics.

A program that links PhD students with industry is attracting support from companies as diverse as iron ore miner CITIC Pacific Mining, software developer Lateral, and aged care provider Southern Cross Care.

SPECIAL REPORT: What's next for the iron ore sector, as the final two ‘mega' iron ore projects approach completion in the Pilbara?

BC Iron expects to save about $2.3 million over three months after joint venture partner Fortescue Metals Group agreed to set the rail and port tariff for the companies' Nullagine project in accordance with varying iron ore prices.

Fresh analysis by Business News clearly shows how much WA's economic performance has fallen relative to the rest of the nation.

Fortescue Metals Group is home to two of Western Australia's wealthiest company directors, or so it was believed until a surprise disclosure last month.

SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.

Wealth creation is a critical element of any stable society.

Iron ore miner BC Iron has continued its run of cost saving initiatives at its Nullagine operation by awarding a $40 million road haulage contract to QUBE Holdings.

BHP Billiton has posted solid production growth in the first quarter of the financial year, lifting iron ore output by 7 per cent.

SPECIAL REPORT: Earnings for the state from the powerhouse minerals and energy industries have softened, but agriculture, among other sectors, will create opportunities. Business News also takes an in depth look at Bunbury port, where a big expansion plan needs community backing and solid regional demand growth.

The winner of a new innovation program has combined gaming technology with its traditional focus on process control data to create a product that has attracted keen interest from some of the state's biggest companies.

The median salary paid to chief executives at Australian mining companies fell by 12 per cent over the past two years, and is set to decline further after recent cost-cutting moves by the likes of BC Iron, Sundance Resources, Paladin Energy and Poseidon Nickel.

Tipping the top or bottom of a market is never smart, especially at a time of volatile trading; but a series of recent events point to confidence growing in the start of a recovery in the Western Australian economy.

Leading local businesswomen Sharon Warburton and Vicki Krause have joined the board of the energy provider Western Power, replacing outgoing directors Paul Underwood and Sue Wilson.

KPMG's Energise accelerator has delivered an immediate return for the eight start-up companies participating in the program, with pilot projects and prizes worth more than $650,000 being awarded.

Top Western Australian publicly listed companies with fewer women on boards than the national average may get the boost they need following the launch of a new club.

Fortescue Metals Group has set an ambitious target of having Aboriginal workers fill 20 per cent of all trades positions in its workforce, on the back of an apprenticeship program launched today.

Australia is a step closer to its first Aboriginal-owned and operated iron ore mine, after a deal sealed today between Fortescue Metals Group and Australian Aboriginal Mining Corporation.

The commodity price crash is drawing in some big-name, high-cost producers.