The Takeovers Panel will not take action following an application from a Fortescue Metals Group subsidiary to conduct proceedings into the takeover of Atlas Iron.
Atlas Iron has reinforced its position as a potential developer of export facilities at Port Hedland, saying it has no exclusive rights at the major Western Australian iron ore port in this regard.
Fortescue Metals Group has raised concerns about “misleading statements” in Hancock Prospecting’s bidder’s statement for its proposed $390 million acquisition of Atlas Iron.
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 launched operation of a relocatable conveyor system at the Cloudbreak iron ore mine in the Pilbara, Western Australia.
Mineral Resources is out of the takeover tussle for junior miner Atlas Iron after it decided not to make a counter offer to the $390 million bid by a Hancock Prospecting subsidiary.
Atlas Iron has received a $390 million off-market takeover bid from Redstone Corporation, a subsidiary of Gina Rinehart’s Hancock Prospecting.
Roy Hill and Fortescue are working to improve operations and reduce environmental footprint by deploying one of the first national trials to protect threatened native species in the Pilbara region.
Fortescue Metals Group boasts 50 per cent female representation on their board, while major players BHP Billiton, Rio Tinto and OZ Minerals all seat multiple female board members.
Incitec Pivot business, Dyno Nobel, has been awarded an explosives products and services supply contract with Fortescue Metals Group in the Pilbara, Western Australia.
Fortescue Metals Group (FMG) is to acquire a 15 per cent stake in Atlas Iron, in a blow to Mineral Resources’ $280 million takeover bid for the company.
Fortescue Metals Group has given development of the Eliwana iron ore mine and rail project in the Pilbara in Western Australia the green light.
Fortescue Metals Group will repay another $US160 million ($211.3 million) of its debt next month.
In marking Fortescue Metals Group’s 15th year of working with the local communities of the Pilbara in Western Australia, the company announced that it will provide grants of up to $10,000 for local communities projects.
Fortescue Metals Group has hit the 10-year milestone since it first exported iron ore from the Pilbara in Western Australia.
Mining is considered a sector that is driving the emergence of the fourth industrial revolution where new technologies are reshaping the industry.
Fortescue Metals Group has exported its one billionth tonne of iron ore from the Pilbara in Western Australia, a decade after the company’s first commercial shipment from Port Hedland.
Fortescue Metals Group’s first haul trucks fitted with Autonomous Haulage Technology (AHS) as part of its current expansion are now operating at the Christmas Creek site in the Pilbara.
Australian Aboriginal Mining Corp (AAMC) is on track to become Australia’s first Indigenous-owned iron ore miner.
Fortescue Metals Group has updated its iron ore price guidance to reflect current price realisations approximately 65 per cent of the current Platts 62 CFR Index benchmark.