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.
Fortescue has posted a 47 per cent surge in its iron ore’s selling price upon higher benchmark iron ore prices, reaching $US71 ($98.92) a dry metric tonne.
Fortescue Metals Group has awarded a major component overhaul and replacement services (MCORS) contract to three contractors based in Port Hedland in Western Australia.
Fortescue Metals Group subsidiary FMG Magnetite and joint venture partner Formosa Steel have approved the development of the stage two Iron Bridge magnetite project in the Pilbara, Western Australia.
Fortescue Metals Group is set to commence an autonomous light vehicle trial at its Christmas Creek iron ore mine in the Pilbara, Western Australia.
Fortescue has posted a large boost to profits and a surge in iron ore prices for the six months ending December 31, 2018.
The Brazilian Government has elected to impose a ban on all upstream tailings dams in light of Vale’s tailings dam disaster in January that killed at least 169 people.
An autonomous truck at Fortescue’s Christmas Creek iron mine in the Pilbara has reversed into another stationary truck, the company confirmed on Friday.
Fortescue Metals Group has now officially awarded NRW Holdings an ambitious rail project contract first announced at the end of last year.
NRW has been selected by Fortescue Metals Group as its preferred contractor at the Eliwana rail project in the Pilbara in Western Australia.
Fortescue Metal Group’s Solomon Hub iron ore operation in the Pilbara has been affected by a large bushfire over the past week.
BHP has completed a $US5.2 billion ($7.3 billion) buyback of company shares for distribution to shareholders.
Fortescue Metals Group is preparing to meet changing Chinese demand for iron ore with its new West Pilbara Fines product.
Fortescue Metals Group has agreed to fund CSIRO’s hydrogen R&D and select technologies for the next five years.
Fortescue Metals Group, in celebrating its achievements in the past 2018 financial year, has reinforced its focus on building sustainable mines of the future.
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.
Fortescue chief executive Elizabeth Gaines is optimistic that China’s trade dispute with the United States will not dampen iron ore demand from China.
Fortescue has posted a rise in production of 14 per cent year on year in what chief executive officer Elizabeth Gaines called “a strong start” to the company’s 2019 first quarter.
Technology company Aurora Labs has signed a non-binding preliminary agreement with Fortescue Metals Group to work on 3D printing technology for mining.