Fortescue Metals Group will need to spend an extra $US100 million to repair a faulty water pipeline at its Iron Bridge project but has otherwise reported strong half-year production results.
Fortescue is on the cusp of marking a major milestone of exporting its first iron ore from a port outside of its home soil at its Belinga project in Africa.
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.
New Fortescue Metals chief Dino Otranto is resolute the miner will meet aggressive decarbonisation targets by 2030, as a fledgling green energy hub starts to take shape.
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.
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.
Three of the biggest mining companies in WA have launched a program in their bid to combat sexual harassment, bullying and racism in the resources industry.
