News Articles for Fortescue

Fortescue Metals Group has extended its deal with software developer K2fly with an additional six-month contract worth $1.2m for the provision of mining software development services. The mining giant has been a long-term customer of K2fly, utilising its software to navigate regulatory requirements of the increasingly important environmental, social and governance landscape.

Engineering contractor Monadelphous has booked about $160 million worth of contracts and extensions for projects across the country.

Madeleine Stephens previews Business News' ESG series and discusses the inaugural issue covering Australia's net zero ambitions.

BHP has struck a deal with Alinta Energy that will underpin development of a 45 MW solar farm and battery and potentially construction of the Pilbara's first wind farm.

Iron ore miner Fortescue says it will save about $1.2 billion a year in operating costs by moving to what it calls "real zero" by 2030.

Business News examines how big business chooses which community organisations to support.

Queensland-based Thiess has won a $700 million contract to provide mining and maintenance services on Fortescue's new Iron Bridge magnetite project in the Pilbara.

Andrew Forrest has lauded outgoing iron ore boss Elizabeth Gaines as one of Australia's most inspiring leaders as the miner prepares to navigate new challenges and pick up the pace on renewables.

Wesfarmers boss Rob Scott and FMG founder Andrew Forrest are likely to be the only Perth-based business leaders at next week's jobs summit in Canberra, with Meg O'Neill a conspicuous absentee.

Mining software provider K2fly will launch a new technology platform later this year, capitalising on its experience gleaned from working with tier 1 and 2 miners in the increasingly critical environmental, social and governance sector. The company also unveiled collaboration to leverage its technology with Maptek, an organisation recognised as one of the world's biggest private mining software companies with clients in 95 countries.

A five-hole diamond drilling program to test an inflexion zone beneath historical gold mine workings has begun at the Calarie gold project, a joint venture in NSW between Godolphin Resources and Orange Minerals. The phase 2 program, with a minimum of 1000m of drilling, is the follow-up to what Orange describes as “outstanding” results from phase 1 of the campaign conducted late last year.

ASX-listed mining tech Imdex has reported a solid earnings lift to deliver a $44 million profit for the year while revealing a $13 million contract win for work on Fortescue's new magnetite project.

Mining giant Fortescue Metals Group has taken a major step towards expanding one of its largest magnetite projects, lodging the plans with the state's environmental watchdog.

Family offices are becoming more prominent in the investment space.

BHP Nickel West President Jessica Farrell has diplomatically echoed comments made by outgoing Fortescue boss Elizabeth Gaines calling for fellow mining companies to step up diversity efforts.

Elizabeth Gaines says Fortescue has had boots on the ground at a prospective iron ore deposit in Gabon, firming up the company's exploration plans and a potential iron ore foothold in Africa.

Fortescue Metals Group has delivered record iron ore shipments of 189 million tonnes for the financial year, the last with outgoing chief executive Elizabeth Gaines at the helm.

ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.

Economic troubles in China, a falling iron ore price and cost pressures loom as problems for the state's big iron ore miners as their shares dive.

SRG Global has secured $100 million worth of contracts with Iron Bridge Operations and Visy Industries Australia.

An inquiry into sexual misconduct within Western Australia's mining sector is set to deliver its report, days after another alleged on-site assault.

Fortescue Metals Group is aiming to have its first zero-emission haul trucks fully operational by 2025 after signing a major deal with German manufacturer Liebherr.

An in-depth study profiling indigenous employment practices in Australia has thrown down a challenge.

Indigenous businesses in WA generated more than $1 billion in revenue last year and the total is set to rise.

Resources billionaire Gina Rinehart has been named Australia's wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

A multi-million dollar compensation claim on behalf of the Yindjibarndi people could turn into a fight between the WA government and Fortescue Metals Group over who bears responsibility.

A new study has highlighted the lack of progress in closing the ‘indigenous employment gap' in Australia and the near complete absence of indigenous people from senior management.

Fortescue has announced a raft of changes at the top end of the business, including Andrew Forrest stepping in as interim iron ore boss.

Mining software developer K2fly has sealed a one-year deal worth $2.12 million with BHP to roll out its ground disturbance solution data management system to the mega-miner's iron ore operations in the Pilbara region of Western Australia. The company now provides its ground disturbance solution to the three biggest iron ore players in WA, with Rio Tinto and Fortescue Metals Group also on the roll call.

Fortescue Metals Group chief executive Elizabeth Gaines said the company held off on mining certain areas of its new Eliwana mine amid a “heightened awareness” of heritage-related matters.

K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service' business model – meaning it delivers its software on a subscription basis.

Fortescue Metals Group has lifted its full-year shipment guidance by an additional 3 million tonnes on the back of a prosperous nine months.

After successfully shaking the tin for $6.2m, K2fly now has the largest privately owned mining software provider in the world on its register. Australian based Maptek has emerged from K2fly's latest capital raise with a 13.2 per cent holding in the ASX-listed mining software player. The deal also includes Maptek Chairman Peter Johnson taking a seat on the K2fly board as a non-executive director.

The iron ore giant has renewed its sponsorship of the Australian national men's and women's hockey teams and funded the expansion of a community hockey program in the Pilbara.

New data from Rio Tinto has highlighted the WA government's reliance on a handful of big miners, with Rio alone paying 10 per cent of the government's total income last year.

The state government has been criticised for continuing to approve a large number of section 18 applications under the Aboriginal Heritage Act – the same mechanism that led to the Juukan Gorge controversy.

Fortescue Metals has clarified a statement by Andrew Forrest implying that a partnership between E.ON and Fortescue Future Industries could see the companies fork out $50 billion.

A likely change of power in Canberra this year will have little bearing on the makeup of WA's political and business leaders. Click through to see our updated ranking of WA's 50 Most Influential.

Western Australian billionaires Gina Rinehart and Andrew Forrest have topped the list of Australia's wealthiest 250 for 2022, with Canva founders Melanie Perkins and Cliff Obrecht scoring a spot in the top 10.

More than a dozen law firm partners in Perth including Paul Evans, Paul Lingard and Spencer Flay are on the move in an extraordinary period of change for the sector.