News Articles for Fortescue

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”.

Fortescue Metals Group has vowed to focus on reducing its debt by 30 or 40 per cent following the official completion of its $US2.4 billion port expansion at Port Hedland.

A 10-year old commitment by Fortescue Metals Group to the state government has come back to bite the iron ore miner, after it was told it must commence negotiations for third-party access to its Pi

Treasury sounds budget alarm

The Perth arm of charity Ronald McDonald House has done a better job than most listed companies in a tight capital market, topping its $20 million campaign goal well ahead of schedule.

The fun started early at the annual Diggers & Dealers forum in Kalgoorlie yesterday with delegates bravely predicting a higher gold price, to which the market responded by driving the gold pric

Andrew Forrest's Fortescue Metals Group has claimed a major milestone in its efforts to spark indigenous development, announcing a series of new contracts that double its deals with Aboriginal busi

Privately-owned contractor Barber Drilling laid off all of its staff on Friday, after being hit by the slowdown in the iron ore sector.

Rudd calls post-boom election

A slowdown in the mining sector could have positive flow-on effects for employers in other industries, Business News' annual survey of the state's 100 largest employers has found.

Perth-based FIRM Construction has been selected by German mining machinery manufacturer Wirtgen Group to build a $40 million sales and service facility in South Guildford.