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
Australia's third largest iron ore producer, Fortescue Metals Group, has reported a strong rise in net profit as it powers towards its goal of tripling annual production but the company is wary abo
A JOINT venture between NRW and two east Pilbara indigenous groups has dominated the indigenous contracting space during the past 18 months, winning contracts with Fortescue Metals Group and Rio Ti
THE desire for economic development and employment outcomes from resources projects has resulted in indigenous contracting deals becoming a major part of native title and land-use agreements.
Indigenous businesses are building capacity through joint ventures and are growing on the back of multi-billion dollar contracts from big mining companies.
WESTERN Australia is rapidly emerging as a centre of excellence for mine automation, with resources demand for remote operated equipment spurred on by high wages costs, adherence to strict safety r
Twenty years on from the first recognition of native title in Australia, land-use agreement negotiations and the management of benefits has evolved significantly.
WITH some experienced campaigners suggesting the current mergers and acquisitions market is the worst they have ever seen, there is plenty of finger pointing to overly exuberant deals of the past f
Fortescue Metals Group chairman Andrew Forrest has purchased another $43 million worth of shares in the iron ore miner, taking his total spend on FMG stock this week over $100 million.
BC Iron has achieved its final production milestone for this financial year at its Nullagine iron ore joint venture with Fortescue Metals Group, exporting over 3.5 million tonnes of ore.
IF only all company directors could go out on such a high.Five years after establishing Forge Group, Peter Hutchinson and Andrew Ellison are leaving the business.
‘UNPRECEDENTED' would be an apt word to describe demand for the services of family owned and operated Wallis Drilling, which has done surface drilling work for some of the biggest open-pit miners s
The rapid expansion of the WA mining industry over the past decade has mostly been good news for mining contractors, but the benefits have not always come as expected.
Fortescue Metals Group non-executive chairman Andrew Forrest has bought 12.7 million shares on-market at a cost of $62 million, bringing his stake in the WA iron ore miner to 995 million shares cur
Fortescue Metals Group chairman Andrew Forrest has increased his stake in the iron ore miner to just over 32 per cent, contrary to market speculation he was set to tip nearly $300 million into the
The Western Australian CEO Sleepout has raised $700,000 and counting after a successful 2012 event which culminated in 106 CEOs staying at the WA Cricket Association ground last night.
CENTRAL Systems has had a strong four years, with staff numbers tripling to 175 and turnover growing six-fold as new services have been added and new clients won across a wide range of industries.
The past year has been a whirlwind for businesses that have featured in the Rising Stars awards, with some rising to greater heights while others have faced major challenges.
Iron ore miner Fortescue Metals Group has taken another step towards development of its extensive magnetite deposits in the Pilbara, annuncing plans to transfer the assets into a Hong Kong company
AS the world enters its fifth year of economic turbulence and even the best-insulated businesses in Western Australia are being affected, the factors that determine business influence in this state
FORTESCUE Metals Group has stepped up its backing of the Kookaburras Australian men's hockey team with a two-year deal to become its major sponsor, signing up just weeks before the gold medal favou
Construction and contracting company Decmil Group has announced new contract wins collectively worth $137 million, including a major new deal with Fortescue Metals Group.
