Mining magnate Gina Rinehart is once again Australia’s richest person after soaring commodity prices over the past year considerably boosted her fortune.
Iron ore miner Fortescue Metals Group has welcomed its second ore carrier – FMG Grace – into Port Hedland.
The iron ore price has dropped to its lowest mark in almost a month after falling below $US90 a tonne overnight.
Iron ore miner Fortescue Metals Group has denied it will make an offer for Wesfarmers’ Curragh coal mine in Queensland.
Monadelphous has secured $120 million worth of new contracts and additional work for resources companies including Fortescue Metals Group and BHP Billiton.
Australian Mining brings readers the latest corporate appointments and departures impacting the local and international mining industry.
Iron ore miner Fortescue Metals Group has reported a strong rise in half-year profit off the back of soaring prices for the commodity.
Australian iron ore miner Fortescue Metals Group has reported a minor drop in shipments for the December 2016 quarter.
Australian Mining brings readers the latest corporate appointments and departures in the local and international mining industry, including the appointment of a managing director at Doray Minerals and Fortescue’s new CFO.
Fortescue Metal Group’s credit rating has been upgraded by S&P Global Ratings in a sign that the company’s productivity and efficiency initiatives are working.
Fortescue Metals Group continues to reduce its debt with the company saying a further US$1 billion ($1.36 billion) will be repaid next week.
Current Fortescue Metals operations director Nick Cernotta will join the board of Pilbara Minerals at the start of 2017.
Fortescue Metals has been given the environmental go-ahead to expand the Solomon iron ore operation in Western Australia.
Two top FMG executives Stephen Pearce and Nick Cernotta, are stepping down from the company.
Following its positive end of year results Moody’s has upgraded FMG’s credit rating.
Fortescue has reported US$985 million in profit in its latest end of year results, a 212 per cent increase year on year.
Fortescue Metals Group has released the latest figures on its current ore reserves and mineral resources.
Fortescue Metals has highlighted how its debt strategy is starting to pay dividends for the miner at Diggers & Dealers.
Moody’s has upgraded Fortescue’s outlook to stable, affirming its rating at Ba3.
Fortescue Metals Group has continued its focus on reducing debt, paying off US$500 million from its 2019 term loan.