Fortescue Metals Group has reported increased iron ore shipments over the December quarter, but the benefits have been offset by costs of expanding and ramping up operations.
Fortescue Metals Group has terminated its entry into the oil and gas industry, ending discussions with Oil Basins over an onshore shale project within the Canning Basin.
It's an odd day when people selling something say the price will be cheaper tomorrow, but if you think about what has been happening in the market for WA's most important commodity export, iron ore
Fortescue Metals Group today announced the appointment of former Rio Tinto executive David Woodall as its new operations director, adding to a string of changes at the top of the iron ore miner.
Gina Rinehart's private company Hancock Prospecting Pty Ltd has belatedly revealed the scale of its income and profits by lodging annual returns for 2010 and 2011 with the Australian Securities and
Fortescue Metals Group says its Iron Bridge magnetite deposit near Port Hedland could be the next non-core asset it sells off, after it announced a significant increase in resources at the project.
Western Australia has an abundance of gas and explorers are looking for more, both offshore and onshore, but there are questions over how much growth the industry can sustain.
BC Iron has announced it will acquire an additional 25 per cent interest in the Nullagine iron ore project from joint venture partner Fortescue Metals Group for at least $190 million.
AS careers go, the journey from corporate lawyer and political staffer to heading a new foundation focused on ending what is called ‘modern slavery' is clearly an uncommon one.
Iron ore miner Fortescue Metals Group has dipped its toe into the onshore gas exploration sector after taking an 18 per cent stake in Melbourne company Oil Basins, which holds acreage in the Cannin
Supporters of the Oakajee Port & Rail project were insisting today the ambitious development was not dead, after its owner Mitsubishi cut spending and two thirds of its staff were abolished.
While most media attention seems focused on iron ore and the major operators, there's a number of smaller players offering plenty of potential across a range of minerals. Here's the WA Business News 10 mining stocks to watch.
IT has been a big week of‘giving' by Australian directors, with former WorleyParsons CEO John Grill giving $20 million to the University of Sydney and revelations that Rams Home Loans founder John
The value of shares held by some of the biggest names in mining have slumped along with the companies they lead, but there are pockets of good news in what has been a tough year on the markets.
WHILE the recent period of engagement with China goes back 40 years in diplomatic terms, and well into the 1980s at a trade level, there are plenty of cautionary tales from those doing regular busi
How many companies can vouch for the ethics of every business in their global supply chain? A new campaign will require many smaller businesses to do just that.
Six weeks after announcing a dramatic slowdown in its growth plans, iron ore miner Fortescue Metals Group says its stalled Kings project could resume later this year and be in production as early a
Fortescue Metals Group has awarded Leighton Contractors a five-year $US1.5 billion contract to run mining operations at its Firetail iron ore project in the Pilbara.
Fortescue Metals Group has settled a long-running dispute with Leucadia National Corporation, agreeing to terms to repay $US715 million in unsecured loan notes.
Fortescue Metals Group has resolved its short-term funding problems after securing the backing of global banking groups Credit Suisse and JP Morgan for a new US$4.5 billion credit facility.
A fresh capital raising and further asset sales are believed to be among the options being evaluated by iron ore miner Fortescue Metals Group, which has halted trade in its shares as negotiations c
Shares in Fortescue Metals Group dropped by nearly 14 per cent today, on media speculation that the iron ore miner had asked its lenders to waive its debt covenants for the next 12 months.
NRW Holdings says Fortescue Metals Group's decision to defer $1.6 billion of capital expenditure in the Pilbara will result in a $100 million hit to its revenue.
Macmahon Holdings has become the latest WA-based engineering and construction contractor to say Fortescue Metals Group's deferall of expansion plans will have little to no effect on its bottom line
Shares in Fortescue Metals Group hit a three-year low today, despite the iron ore miner offloading the power station at its Solomon mine in the Pilbara for $US300 million ($A294 million).
Heavily indebted iron ore miner Fortescue Metals Group has deferred $1.6 billion of spending on its expansion projects and cut “several hundred” jobs in a dramatic reaction to the sharp plunge in i
Fortescue Metals Group chairman Andrew Forrest has spent nearly $39 million in two days increasing his shareholding in the mining company he founded, as its shares and iron ore prices plunge.
FRESH from the opening of a $70 million logistics base in Hazelmere, private Australian company Linfox is on the lookout for more land to support its growth.
At the very end of an extraordinary week, a late announcement from an unlikely source – Transport Minister Troy Buswell – gave one of the few clear signals about future growth in the mining sector.
THE strength of the resources sector continues to offer opportunities for local surveying companies, many of which have diversified their business to take advantage of contracts coming out of the s
