Fortescue Metals Group plans to partner with Chinese engineering group China Gezhouba Group to lift output at its Pilbara iron ore mines to 95 million tonnes per year.
A SERIES of moves by political staffers into roles linked to the resources sector reveals the growing need for corporate players to find their way around bureaucracy and political roadblocks.
Bibra Lake-based Mineral Resources says it is finalising the largest build, own, operate (BOO) crushing contract ever awarded in Australia for Fortescue Metals Group's Christmas Creek iron ore project in the Pilbara.
AN influx of new feature film and television productions in Western Australia has prompted one local producer to claim that Perth could become the next Hollywood.
One of Fortescue Metals Group's founding directors and key spokesmen, Graeme Rowley, will take a step back from his executive role at the miner and pursue projects including a Western Australian film.
Iron ore miner Fortescue Metals Group has nearly resolved the year-long dispute with its shipping charter contractors afte agreeing to pay more than $US20 million to one of the counterparties involved.
Fortescue Metals Group will spend $360 million to upgrade its Christmas Creek iron ore mine in the Pilbara to boost its total Pilbara output by 40 per cent to 55 million tonnes a year by mid 2011.
Fortescue Metals Group has settled its third shipping dispute, today agreeing to pay an upfront $6.1 million to a Greek shipping company which had launched a $US130 million lawsuit against the iron ore miner last year.
NO matter which way you cut it, the 2008-09 financial year was a shocker for investors in local companies, with only 110 of the 730 or so Western Australian-listed companies managing a positive return of any sort.
Fortescue Metals Group says a proposed $US6 billion funding agreement with Chinese banks will give it optimum flexibility to expand its Pilbara iron ore operations to meet demand from Chinese customers.
Iron ore miner Fortescue Metals Group has agreed to a price for all the iron ore it sells to Chinese steel mills for the six months to the end of December.
Fortescue Metals Group has released a maiden resource for its Glacier Valley tenement area in the Pilbara, which is subject to a joint venture with China's Baosteel Group Corporation.
BC Iron is one step away from receiving full support from Fortescue Metals Group for its $43 million Pilbara iron ore project, with the miner requesting one further test.
Engineering firm Lycopodium says it has been awarded part of an optimisation contract by Fortescue Metals Group for work on the Cloudbreak iron ore mine in the Pilbara.
Fortescue Metals Group says it is closely watching relations between China and Australia following the detention of four Rio Tinto staff as it forecasts a lift in demand in the short-term from Asian steel mills.
The board of BC Iron has given the go-ahead for the development of its $43 million Nullagine iron ore project in the Pilbara, but will need approval from new joint venture partner Fortescue Metals Group.
IS the commercial centre of the Pilbara moving west? BHP Billiton's proposed merger of its iron ore operations with those of Rio Tinto is the latest indication of the dynamic shift under way in the north-west, one that will tend to favour Karratha as the
Aquila Resources and Fortescue Metals Group have teamed up to investigate the potential for shared development of port facilities at Anketell Point in the Pilbara.
Fortescue Metals Group executive director Graeme Rowley has pocketed more than $2.3 million after selling a sizeable chunk of shares on the Australian market.
The trading halt in shares of BC Iron has been turned into a suspension, as the mining junior continues to negotiate the details of access to Fortescue Metals Group's rail and port facilities in the Pilbara.
Fortescue Metals Group will make an upfront payment of $32 million and restructure a shipping arrangement as part of a settlement to a dispute with a shipping company.
North Perth-based Australian Renewable Fuels says it has received a termination notice from Fortescue Metals Group regarding the supply of biodiesel to the Cloudbreak mine site in the Pilbara.
Fortescue Metals Group boss Andrew Forrest and his executives did not mislead investors by overstating agreements with Chinese parties, a Western Australian court has been told.
The corporate watchdog says it will ask the Federal Court to consider disqualifying Andrew Forrest from acting as a director as legal proceedings involving Fortescue Metals Group is set to start on Monday.
Mining services company NRW Holdings has received a letter of intent for a $57 million contract from Fortescue Metals Group for overburden mining and ore-rehandling at the Christmas Creek site.
Fortescue Metals Group remains in a trading halt as it considers more capital raising after agreeing to sell a stake to a Chinese steel maker for $1.2 billion.
Iron ore miner Fortescue Metals Group has negotiated a $558 million capital injection at $2.48 per share with Chinese steel maker Hunan Valin Iron and Steel Group Company.
Fortescue Metals Group has warned it could take at least a $US171 million ($A264 million) hit from suspended shipping contracts but says talks with Chinese entities for equity investment and a hybrid funding package are progressing.
