Fortescue Metals Group will establish a New York-based capital office, Fortescue Capital, in a move designed to attract broader outside funding to its green energy projects.
Fortescue has staked out an area larger than Brisbane near its Pilbara iron ore operations for a potential green energy hub, days after terminating an application for another site.
Fortescue's proposed multi-billion-dollar renewable energy hub in the Pilbara has been shelved as the miner insists it will meet bold decarbonisation targets by 2030.
K2fly has grown its annual recurring revenue (ARR) for a 13th straight quarter, revealing a 6 per cent jump up to $7.9 million in the company's latest financial disclosure … and it says there is still room to expand. Management says ARR was up 22 per cent on last year's corresponding quarter, while comparative revenue increased by 29 per cent.
Fortescue Energy chief executive Mark Hutchinson has told leaders from around the world that unreasonable targets are key to encouraging climate innovation in his business.
Fortescue Metals' troubled Iron Bridge magnetite operation will produce fewer tonnes than previously expected for the year, but the miner has stuck to its guns on hitting targets regardless.
Rio Tinto and Yindjibarndi Energy Corporation are aiming to approve their first solar farm next year as the first step in building multiple projects in the Pilbara.
In this podcast, Mark Pownall and Simone Grogan discuss the update on Liontown; FMG's green hydrogen targets; quarterly reports; A&O merger; planning reforms and road taxes for electric vehicles.
Fortescue Metals Group has signed a deal to buy 337.5 megawatts of solar energy from listed company Genex Power to power a proposed green hydrogen and ammonia project in Brisbane.
Early boots on ground at Reach Resources' White Castle manganese project in WA's Gascoyne region have been handsomely rewarded with high-grade manganese readings up to an eye-catching peak of 48 per cent. The company has amassed an impressive foothold in the emerging critical metals province after acquiring an additional exploration licence from Firebird Metals and extending its tenure to 70km at the prospective Edmund Basin.
Reach Resources has entered into a tenement sale agreement to acquire a new exploration licence from Firebird Metals, extending its grip on prospective manganese terrain in Western Australia's Edmund Basin. The strategy is in line with the company's anticipation of increasing global demand for critical lithium, manganese and rare earths in the ongoing global phase of decarbonisation and attendant electrification.
ANALYSIS: This week's departure of three senior people from Andrew Forrest's Fortescue Metals Group highlights just how different the Perth company is from its ASX peers.
In this podcast Mark Beyer and Mark Pownall discuss Fortescue's revolving door, Qantas, Perth house prices, renewable deal, Frank Wilson, Federal IR changes and the Dowerin Field Days.
Guy Debelle has become the third person to resign from a senior role at Fortescue Metals Group in the space of a week, after CEO Fiona Hick and CFO Christine Morris.
Fortescue Metals chief financial officer Christine Morris departs after less than three months in the role and days after the abrupt exit of chief executive Fiona Hick.
Software provider K2fly has revealed a steady stepladder towards profit-making after its latest financial year report showed healthy revenue of $12.8 million – a jump of 28 per cent on the previous period. The company's positive result was bolstered by a 25 per cent increase in annual recurring revenue up to $7.5 million, putting its three-year compound annual growth rate at 48 per cent.
A Fortescue spokesperson has confirmed that team members working on the miner's Belinga iron ore project in Gabon are safe after reports emerged of a military coup.
Fortescue Metals Group plans to spend a further $570 million on energy infrastructure in the Pilbara, after recent investments in gas power, batteries and a solar farm.
Fortescue Metals' newest mine will incur a significant write-down because of delays and inflationary stressors, as spending at the 1,700-strong Fortescue Energy division kicks up a gear.
Fortescue Metals chief executive Fiona Hick leaves Andrew Forrest's iron ore business without explanation following a mutual agreement with the board, six months after she started.
In this podcast Mark Beyer and Mark Pownall discuss the DomGas inquiry, PwC, Alcoa, FMG move, and results wrap up on Wesfarmers, BHP, Pilbara Minerals, Northern Star and Monadelphous.
Fortescue Metals Group has moved on developing its next mine as well as an accompanying 106-kilometre railway project, according to documents filed with the environmental watchdog.
Ground has broken on construction of a 100-megawatt battery at Alinta's Wagerup power station which will help smooth out supply for power in the state's South West.
First magnetite from Fortescue's delay-riddled Iron Bridge operation has been loaded and is bound for Vietnam, with CEO Fiona Hick indicating ramp up is still on track despite 'complexities'.
Fortescue Metals Group has marked its 20-year anniversary by changing its branding, while its green energy arm has acquired the owner of a proposed green hydrogen project in the US.
Andrew Forrest-chaired Fortescue Metals Group is confirmed to be the latest victim in a cyber attack incident, believed to be linked to a Russian ransomware group.
A series of share transfers and company restructures over the past six months mean that Andrew and Nicola Forrest will have a roughly equal split of their $34 billion fortune.
