Fortescue Metals Group plans to deploy more autonomous haulage technology (AHS) at its iron ore operations in the Pilbara region of Western Australia.
Fortescue Metals Group has tapped into strong support from investors to complete a $US1.5 billion ($2.04 billion) bond offering.
It is time the Australian mining industry became serial innovators to unlock the next level of productivity gains. Ben Creagh writes.
The latest group of students from Fortescue Metals Group’s vocational training and employment centre (VTEC) in the Pilbara have graduated and will now embark on full-time employment at the company’s Christmas Creek mine.
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.