News Articles for Fortescue

When done well, highly organised giving transcends being big-spirited because it can shape outcomes.

Neale Fong-chaired Chrysalis Resources has announced its intention to enter the tech market by acquiring a Philippines-based company which operates a mobile banking, payments and remittance platform.

It should be clear by now to Andrew Forrest that his campaign for a political inquiry into the iron ore industry has done the company he runs, Fortescue Metals Group, more harm than good – and might even have stirred up trouble for another local billionaire, Gina Rinehart.

The ‘iron ore wars' and budget battles are defining where power and influence lies in business and politics in WA. Read our latest Most Influential feature to see who is on the rise, whose influence is waning and who has dropped off the list.

Prime Minister Tony Abbott has declared support for an inquiry into the iron ore industry, providing a huge boost for the campaign being waged by Fortescue Metals Group chairman Andrew Forrest against his two biggest competitors.

Premier Colin Barnett has rejected calls for a parliamentary inquiry into the iron ore industry, despite repeating his criticism of the major producers.

Andrew Forrest's private vehicle, Minderoo Group, has subscribed for a majority of A1 Consolidated Gold's recently announced $2.5 million convertible loan placement.

The view from outside of Australia is particularly upbeat for WA, so maybe it's time to focus on the positives.

Rio Tinto and BHP Billiton have highlighted their competitive advantage in the iron ore market, with BHP predicting further large reductions in its operating costs in the Pilbara and Rio detailing the big price discount Fortescue Metals Group has to accept for its products.

As smaller iron ore miners scramble to cut costs to deal with falling prices, another hurdle looms – customers' preference for quality.

Mining industry groups in Perth and Canberra have come out today in favour of free markets in the iron ore industry, after Fortescue Metals Group chairman Andrew Forrest criticised the actions of heavywights Rio Tinto and BHP Billiton.

Rio Tinto reaffirmed today plans to continue its brownfield iron ore expansions in the Pilbara but has noted all new mine developments are still on hold, leaving a question mark over when it will reach its 360 million tonnes per year production target.

AN iron ore price bounce of almost 30 per cent from 10-year lows earlier this month will no doubt bring some relief to many in the industry and in the Department of Treasury.

Long-term low interest rates have added further complexity to the issue of superannuation and the aged pension.

If wealth creation is not growing, tinkering with a broken tax system isn't going to achieve much.

Woodside Petroleum chairman Michael Chaney has set himself an ambitious goal, telling shareholders he wants to more than double the number of women on the company's board over the next two years.

Fortescue Metals Group has restructured rosters for mine workers at its operations in the Pilbara, in its latest move to cope with plunging iron ore prices.

Big retailers will be hoping the federal government puts most recommendations from the recent competition policy report in the too-hard basket.

Only four out of Western Australia's top 20 companies currently meet a gender target set by the Australian Institute of Company Directors, which wants women to fill 30 per cent of board positions on S&P/ASX 200 companies within three years.

Opportunistic local players are stepping up as foreign miners take their leave.

Andrew Forrest's worst nightmare is that he will one day relive his painful experience with pioneering low-grade nickel ore processor Anaconda Nickel; so surely he must have suffered an ‘Anaconda moment' when the iron ore price fell below $US50 a tonne overnight.

A Western Australian iron ore industry group has reluctantly mothballed its activities, citing the difficult economic circumstances facing the industry.

A serious incident that occurred at Fortescue Metals Group's port operations at Port Hedland earlier this week is being investigated.

KPMG has secured backing from more than a dozen major businesses for its Energise technology accelerator, which will provide financial and in-kind support to eight startup businesses servicing the energy and resources sector.

BC Iron has moved forward with its cost-cutting initiatives by awarding a $40 million contract to Viento Group to provide crushing and screening at its Warrigal hub, which forms part of the Nullagine joint venture.

It might be bold to suggest that Andrew Forrest consider a career change, but as his fortune shrinks and as his iron ore business struggles in a flooded market, there is a nickel deal to be done that could be a lot more fun than playing the role of fading star.

Mining and civil contractor Brierty has become just the sixth organisation nationally and the first in its industry to obtain the top ‘Elevate' ranking for its Reconciliation Action Plan.

India looms as a possible economic saviour for Australia as Chinese growth plateaus.

You don't need to listen too closely to hear the pips squeaking in Western Australia's iron ore lemon after a week-long debate about the state's most important industry, which appears to be heading for a crisis that will hit companies and governments in equal measure.

Australia's biggest and lowest cost iron ore producer has hit back at claims it has flooded the market with supply, with Rio Tinto pointing the finger at its big Australian competitors.

Alcoa of Australia has signalled its long-term commitment to Western Australia, signing a new gas supply agreement with Santos at the same time as a review revealed the global aluminium giant is considering big job cuts.

Alcoa chairman Alan Cransberg has called on businesses to take responsibility for ending domestic violence through workplace initiatives, in an address to the Chamber of Minerals and Energy's Women in Resources awards today.

Atlas Iron and BC Iron have both reported big losses following impairments and a race to cut costs as iron ore prices remain depressed.

Boxing champ Rai Fazio is creating an international rumble in the world of group fitness.

Fortescue Metals Group group manager, treasury and business planning Ian Wells has been made company secretary, replacing Mark Thomas, who will now head the WA iron ore miner's infrastructure servi

Macmahon Holdings' shares have been smashed in early trading, falling by about 40 per cent after it was disclosed late on Friday that it had lost a major contract at Fortescue Metals Group's Christmas Creek mine.

Everything old seems to be new again in the resources sector, with a number of old projects being rebirthed under new management.

Automotive and aerospace equipment developer Orbital Corporation's majority owned mine site safety product Remsafe has secured a $2 million order from a major Western Australian iron ore mining company.

Facing a slowdown in mining-related construction work, indigenous contractors are diversifying into new fields, establishing joint ventures and highlighting their Aboriginal credentials. Click through to also see our BNiQ list of 25 major indigenous contractors in WA.