Fortescue has posted a large boost to profits and a surge in iron ore prices for the six months ending December 31, 2018.
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.
Australian iron ore majors such as Fortescue, BHP and Rio Tinto have all seen a significant boost to their share prices while Brazilian company Vale’s has dropped significantly.
Ewen Hosie talks with mining experts and film critics to discuss how the industry can change its negative perception at the movies.
Rising investment in Western Australian mining projects and record sales in 2017–18 could see the mining industry return to the conditions of the mining boom, according to research from IBISWorld.
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.
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.
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.
Fortescue plans to launch an on-market share buy-back program of up to $500 million.
Hancock Prospecting subsidiary Redstone Corporation has secured over 90 per cent of Atlas Iron’s shares, allowing the Gina Rinehart-owned company to commence a compulsory acquisition of the remaining shares.