Fortescue Metals Group is distributing over $1 billion worth of dividends to shareholders ahead of Labor’s plan to crack down on franking credits should it win Saturday’s federal election.
Seventeen of Australia’s richest 250 built their wealth upon the mining sector, with Hancock Prospecting’s Gina Rinehart leading the cohort with $13.12 billion.
Hancock Prospecting chair Gina Rinehart remains Australia’s richest person despite the fall in iron ore prices during 2018.
Fortescue Metals Group, in celebrating its achievements in the past 2018 financial year, has reinforced its focus on building sustainable mines of the future.
The Australian mining industry has closed the pay discrepancy gap between genders, according to a federal government report.
Fortescue has secured eight memoranda of understanding (MOUs) with major Chinese steel mills during the inaugural China International Import Expo (CIIE).
Fortescue founder Andrew Forrest has increased his holding in the company from 32.46 per cent to 33.87 per cent with the purchase of $US10.6 million ($15 million) of stock.
For the past 15 years the success of Fortescue Metals Group and growth of the Pilbara iron ore industry has been guided by one man – Andrew Forrest, winner of the Prospect Awards Lifetime Achievement Award.
FMG Amanda, the second iron ore carrier to join Fortescue Metals Group’s fleet this year, has arrived in Port Hedland, Western Australia.
Fortescue Metals Group has hit the 10-year milestone since it first exported iron ore from the Pilbara in Western Australia.
Hancock Prospecting chair Gina Rinehart has been joined by her children on the 2018 Forbes rich list.
Fortescue Metals Group has welcomed the newest addition to its iron ore carrier fleet — FMG David.
Lord Sebastian Coe, winner of two Olympic Games gold medals, will re-join Fortescue Metals Group as a non-executive director.
Fortescue Metals Group’s latest ore carrier has arrived in Port Hedland, Western Australia.
Fortescue Metals Group has appointed Mark Barnaba as co-deputy chair, joining Sharon Warburton in the role. Barnaba is already Fortescue’s lead independent director and chair, audit and risk management committee. Fortescue chairman Andrew Forrest said Barnaba and Warburton brought a wealth of experience and knowledge to the iron ore miner’s board. “Our board leads and empowers … Continue reading Fortescue makes key appointment
Gina Rinehart has again topped the Forbes Australia’s 50 Richest list. Rinehart’s fortune has almost doubled since Forbes’ previous list in January 2016 as iron ore prices have improved.
Nev Power’s tenure as chief executive officer of Fortescue Metals Group will come to an end in February next year.
The Western Australian Government may make changes to the state’s mining act following a High Court decision that blocked mining on Andrew Forrest’s cattle station in the Pilbara.
The Australian Mines and Metals Association (AMMA) has congratulated mining magnate Andrew Forrest and his wife Nicola for their $400 million dollar donation to philanthropic causes.
Mining magnate Gina Rinehart is once again Australia’s richest person after soaring commodity prices over the past year considerably boosted her fortune.