News Articles for Fortescue

Mineral Resources has confirmed the sale price of its Christmas Creek plant, saying Fortescue Metals Group will pay around $300 million for the processing facilities.

Shares in West Perth explorer Riedel Resources have skyrocketed after Fortescue Metals Group agreed to farm-in to its Charteris Creek tenement in a deal worth up to $1 million.

Fortescue Metals Group has assumed "full operational responsibility" at its Christmas Creek mine after two fatalities in less than five months, announcing it has purchased the mine's ore processing facilities from Mineral Resources subsidiary Crushing Services International.

The Department of Mines and Petroleum has warned Fortescue Metals Group to improve safety procedures at its Christmas Creek mine in the wake of a second fatality at the site last month.

FEATURE: Gina Rinehart's ability to maintain momentum at the Roy Hill project put the mining magnate at the top of our people of the year list.

Is the world about to become a better place? That's not a philosophical question, it's simply an observation that economic conditions might be better than we realise, as shown by recent developments in China, the US and the UK.

Rio Tinto employees have dominated a list of 16 executives and key operational players based in Western Australia that feature in the 100 Global Inspirational Women in Mining.

Australian of the Year Ita Buttrose has offered a bleak assessment of the level of diversity in the business sector, despite decades of effort to get more women to the top of industry.

Fortescue Metals Group is continuing to accelerate its debt reduction by initiating repayment of nearly half of its $US2.04 billion in senior unsecured notes to its trustees that are due in 2015.

Andrew Forrest has purchased a further 2 million shares in Fortescue Metals Group at a cost of $10.99 million, further cementing his position as the biggest wealth creator in Western Australia.

Fortescue Metals Group announced that lead arrangers Credit Suisse and JP Morgan have successfully completed an amendment and repricing process for its senior secured debt facility.

Viento Group's contracting business has won a $2.7 million contract to provide rail works for Fortescue Metals Group.

Property executives were the big movers in this year's Wealth Creators list, while the resources slowdown put the hurt on mining services directors' fortunes.

Followers of Fortescue Metals Group and its mercurial chairman, Andrew Forrest, have been on a roller-coaster ride during the past five years; but if the current bout of optimism is well-founded, FMG could be heading back to its record price of $12 a share reached in 2008, and Mr Forrest heading for a $12 billion fortune.

BC Iron has posted record production and exports during the September quarter, when shareholders received almost one-third of a dollar per share in a $37 million dividend payout.

The value of Western Australia's resources industry has fallen slightly from last year's record level, but has still topped $100 billion for the third consecutive year.

Investors are betting the experts have got it wrong when it comes to forecasts for the price of iron ore.

Business News' annual export review charts the state's reliance on a handful of major companies and commodities, despite the emergence of new players.

Mining billionaire Andrew Forrest has further enhanced his credentials as one of the nation's leading philanthropists with a pledge of $65 million to Western Australia's universities.

Andrew Forrest's philanthropic efforts are as restless as the iron ore magnate himself. Recent changes appear to be part of a restructuring of his various private and charitable interests under the new brand of Minderoo.

Fortescue Metals Group will go to the WA Supreme Court to challenge the Economic Regulation Authority's decision to allow third-party access to FMG's Pilbara railway.

Low interest rates and banks' enthusiasm to lend money are two factors driving the heating housing market.

Poseidon Nickel has announced Bud Scruggs as its new chairman to replace the departing Andrew Forrest.

Healthcare technology company Allied Healthcare Group will seek to raise $10 million as it looks to launch its CardioCel regenerative tissue patch in Europe.

Brockman Mining would need to pay between 55 cents and $2.04 per tonne if it gains access to Fortescue Metals Group's Pilbara railway, following a ruling by the state's Economic Regulation Authorit

The dispute over access to Fortescue Metals Group's Pilbara rail line appears destined for arbitration after Economic Regulation Authority chairman Lyndon Rowe said there was little his agency coul

A pair of Mineral Resources subsidiaries have made progress on two fronts, one winning a processing plant contract worth an estimated $450 million at Rio Tinto's Nammuldi iron ore mine, while anoth

OF all the listed companies looking to join the ranks of Western Australian iron ore producers, Iron Ore Holdings stands apart.

Western Australia's uranium explorers are in somewhat of a holding pattern as they wait for a significant lift in prices for the controversial commodity.

Mining industry pundits bemoaning the end of the ‘boom' will be pleasantly surprised to know that up to a dozen major projects could go ahead over the coming year.

Australia's two biggest exports, iron ore and gas, are facing renewed price pressure, a situation which is starting to be reflected in the exchange rate and which could precede a big fall in the Au

This week in Business News: Woodside Petroleum makes progress in its floating LNG projects. This week's print edition looks at emerging opportunities for Indigenous businesses. Gold Fields announces the acquisition of 3 gold mines in the Yilgarn region

A host of new names has emerged as Aboriginal business grows in the state's north.

Indigenous business is thriving and growing in the north-west, but it was not an overnight success.

Contracting group Brierty's shares have jumped after it booked a record net profit for financial year 2013, a result it says was driven by its diversity of operations.

Rudd tax plan hits WA gas hub hopes

The coalition has refused to commit to reducing application fees for 457 visa workers if elected to government, despite flagging plans to make the scheme more “user-friendly”.