News Articles for Fortescue

Shares in Andrew Forrest's Fortescue plummeted more than 10 per cent today, attributed to a major sell-down reportedly linked to US-based investment manager Capital Group Companies.

WA Labor's election war chest has grown towards $250,000 courtesy of donations from high-profile businesses, while WA's peak resources lobby group has given The Nationals a big boost.

Green hydrogen is not economic right now, Gabon iron ore has Chinese steel mills salivating, Oakajee remains a mystery, and South American copper has piqued Fortescue's interest.

Fortescue's Pilbara ore exports have reached new highs but premiums for its high value Iron Bridge rocks have been squeezed by Chinese steel mills.

Prime Minister Anthony Albanese has rubbished claims the federal government picks favourites in the renewable energy race amid the fallout of Fortescue's 700 job cuts.

Job cuts across Andrew Forrest's Fortescue empire will be split across both the energy and metals divisions globally, but the miner says it's not pulling back from green hydrogen ambitions.

Fortescue will cut 700 people from its global sites by the end of the month in a bid to “simplify” its operations.

ANALYSIS: When Mark McGowan launched the $750 million Resources Community Investment Initiative more than 18 months ago, nobody expected an upgrade of Paraburdoo hospital would be its inaugural project.

GenusPlus Group has extended its close working relationship with Western Power, after securing a significant maintenance and upgrade works program with the company.

Strickland Metals has upped the ante at its Rogozna gold and base metals project in Serbia by adding a fourth diamond rig to target substantial copper-gold porphyry mineralisation at the site, with initial assays due next month. The new drilling activities come hot on the heels of Strickland confirming yesterday that it had completed its full acquisition of the project.

Fortescue has inked a new deal with Liebherr to develop an autonomous system capable of controlling the miner's zero emissions iron ore haulage fleet.

A $5 billion desalination plant providing water to green industries in the Pilbara is on the cards under a partnership formed between a French utilities giant and traditional owners.

ASX-listed K2fly's cloud-based software solution that audits mineral inventories has attracted as new customer, with Canadian company Lundin Mining committing to a new three-year, $661,000 agreement. The deal – which has an annual recurring revenue value of $180,000 – will provide Lundin with a total mineral resource governance solution to be delivered at the corporate level, covering all of the company's material reporting sites.

The Yindjibarndi people have ramped up their long-running battle with Fortescue by calling for an environmental inquiry into the miner's Solomon hub operations in the Pilbara.

In 2011, Andrew and Nicola Forrest made an unusual donation that has delivered more benefits to WA's arts sector than anyone ever anticipated.

From the outset it was clear Chinese Premier Li Qiang and Australia Prime Minister Anthony Albanese's visit to Perth was going to be colourful, if not particularly newsworthy.

Fortescue global growth director Julie Shuttleworth has left the organisation after more than a decade, the latest high-profile departure from the Forrest empire's group of businesses.

The Minderoo Foundation will invest in Fortescue-developed security gates to help deliver aid into Gaza, according to founder and chair Andrew Forrest.

Fortescue has accused its former employees of misusing information over its green steel production to start up their own company.

Iron ore rivals Rio Tinto and BHP will partner up on the development of battery-electric haul trucks in the Pilbara, while Fortescue is pushing along with its hydrogen haulage ambitions.

New financial reports show a handful of Aboriginal groups gaining more income from mining royalties but others going backwards, while the sector as a whole remains the poor cousin.

Engineering company Monadelphous has won a series of new resources sector-based contracts worth $120 million.

Core Lithium's search for a chief executive has ended, with the miner appointing Paul Brown, effective from June 4.

Andrew Forrest has led a chorus of industry support for new policies subsidising critical minerals and hydrogen projects, but the measures have failed to garner bipartisan backing.

Shares in Caravel Minerals rose by 12 per cent on Thursday morning, following news the Subiaco-based explorer had submitted its environmental review document for the Caravel copper project to the Environmental Protection Authority.

Doubts over the direction of the iron ore price have fostered talk of lean times ahead for the industry.

Mining software provider K2fly has recorded a remarkable 15 straight quarters of annual recurring revenue (ARR) growth, which it says has been driven by contract renewals from two major clients. According to its March quarterly report, the company delivered an ARR of $8.3 million in the first three months of the calendar year, representing a 19 per cent increase compared to the previous corresponding period.

Andrew Forrest-backed Fortescue recorded a six per cent drop in iron ore shipments throughout its March 2024 quarter.

Our weekly appointments wrap includes Shirley Bowen, Lisa Bayakly, Miriam Borthwick, Tony Di Francesco, Matt Micale, Sue Di Francesco, Craig Hollywood and Nicole Moody.

Strickland Metals has entered the lucrative Serbian gold game after acquiring the Rogozna project that already boasts a whopping resource of 5.44 million JORC-compliant ounces of gold equivalent. The company says advanced exploration targets at Rogozna offer near-term growth, with diamond drilling outside of the existing resource going as high as a staggering 352m at 2.1 grams per tonne gold equivalent from 240m.

Experts have disagreed on how to calculate royalties in the ongoing court action over the Yindjibarndi people's claim for compensation from Fortescue's Solomon hub operations.

Detail of Australia's long-awaited response to the US Inflation Reduction Act will soon be made public, with domestic advanced manufacturing and a clean energy incentive scale-up on the cards.

The state has questioned the cause of the division in the Yindjibarndi community, which was alleged to be Fortescue setting up its mine in the Pilbara, in an ongoing hearing in the Federal Court.

More than a thousand documents and 30 gigabytes of material will be sorted out for the legal dispute between Fortescue and Yindjibarndi Aboriginal Corporation, a court has been told.

A bone found at a Pilbara mine site near Port Hedland is being investigated by police.

Fortescue is still mulling a stake in Sinosteel's $9.7 billion Oakajee port, rail, and iron ore mine nearly two years after it began a “rapid” study into the long-stalled project.

Major construction and planning is under way to improve sea, air, and rail infrastructure to address future freight demands.

Fortescue has delayed a final investment decision on its Gibson Island green hydrogen project for a third time, while its power supplier says a deal remains on foot.

Mark Beyer and Mark Pownall discuss takeover deals for MMA and APM; hydrogen approvals challenges; payroll tax; WA's gas market; and resource export outlook.

A Fortescue Energy plan to erect 10 wind turbines under the flight path into the eastern Wheatbelt town of Southern Cross has been knocked back by state planners.