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.
Shares in Fortescue Metals Group have surged as much as 25 per cent today as the iron ore miner confirms it has been in talks with companies from China and the UK over investment opportunities.
Fortescue Metals Group has agreed to settle a shipping contract dispute with the issue of $US22 million ($A34 million) worth of shares and has entered into a shipping joint venture.
Iron ore miner Fortescue Metals Group has booked a $1.1 billion net profit in its first full half-year of mining, though in line with previous periods its result has more to do with accounting adjustments than mining operations.
Fortescue Metals Group has reached its targeted 15 million tonne shipment for 2008 while it was 1 per cent shy of its mining goal at its Cloudbreak mine in the Pilbara.
Fortescue Metals Group expects to hold a steady production rate of 55 million tonnes per annum over the course of 2009, setting aside earlier plans to hit that rate by the end of the March next year.
Fortescue Metals Group has dismissed the value of over $190 million of legal claims over the suspension of its shipping contracts as "ambit claims", as it reveals that over $2 million of its funds have been frozen in the United States.
Fortescue Metals Group says it is reviewing the legal status of its shipping contracts as it reveals today that disputes have arisen from a decision to suspend two-thirds of its long-term ship charter contracts.
Fortescue Metals Group has told engineering company NRW Holdings to walk off the Cloudbreak-to-Christmas Creek rail line site in the Pilbara because construction has been deferred.
A day after Treasurer Wayne Swan declared BHP Billiton and Rio Tinto's Pilbara rail lines open to third parties, Fortescue Metals Group Ltd says it has written to the mining giants seeking a rail co-operation deal.
In a major upset to BHP Billiton and Rio Tinto, Treasurer Wayne Swan has declared the iron ore giants' Pilbara rail lines open for a period of 20 years.
