News Articles for Fortescue

Fortescue Metals Group has become Western Australia's most valuable company after strong production data released today supported its remarkable two-year share price rally.

Pacific Energy subsidiary Contract Power Australia has secured the works to build a new power station at Fortescue Metals Group's Solomon iron ore mine in the Pilbara.

The Australian share market has managed a late recovery to end the week higher, with shares in Fortescue Metals Group hitting an all-time high of $16.66.

Civmec has secured its second major contract with Fortescue Metals Group, this time to complete the earthworks and concrete package for Iron Bridge.

Mining contractor Dynamic Drill and Blast says it will use funds raised from a $5 million initial public offering to tackle a strong tendering pipeline and potentially grow the business in Western Australia's civil sector.

Mining companies and Aboriginal groups face a very different future after the Juukan Gorge controversy and planned legislative changes.

Perth-based Resource Development Group has won contracts for work on Fortescue Metals Group's Cloudbreak mine and Tianye SXO Gold Mining's Minjar Gold mine worth $26 million.

The history of value adding in the iron ore sector is a litany of missed opportunities.

The big iron ore miners exporting out of Port Hedland will have to pay up to $220 million to property owners in the town's West End, under a buy-back scheme announced by the state government today.

A report backed by the Pilbara's big miners has found that iron ore exports are expected to grow modestly over the coming decade, well below the extra port capacity the miners themselves are seekin

Property group Pindan has secured a $3.4 million contract for work on Fortescue Metals Group's Iron Bridge magnetite project in the Pilbara.

Western Australian health authorities say they have not approved mandatory coronavirus self-testing for fly-in, fly-out workers employed by Fortescue Metals Group.

Aboriginal-owned business Mallard Deemy has secured $11 million in contracts with Fortescue Metals Group for work at the Eliwana iron ore mine in the Pilbara.

The High Court has dismissed Fortescue Metals Group's application to appeal a native title ruling covering its Solomon iron ore mine in Western Australia's Pilbara region.

Downer has secured a $450 million contract with Fortescue Metals Group for early mining and maintenance services at the Eliwana iron ore mine in the Pilbara.

BHP and Fortescue Metals Group have welcomed new inspection rules for iron ore imports into China, but only after the news raised concerns that trade tensions between China and Australia could have claimed another victim.

Andrew and Nicola Forrest have rebranded their private company as Tattarang, with the change of name coming soon after several board and executive changes.

The big iron ore miners are thinking about what's next in the pipeline after projects such as South Flank and Koodaideri.

Going against the grain is nothing new for iron ore magnate Andrew Forrest.

Fortescue Metals Group has upgraded its annual iron ore shipments forecast after it reported a 10 per cent rise in third-quarter shipments and said it had managed to keep a lid on costs amid the coronavirus pandemic.

Developer and syndicator Lester Group has splashed $58 million on large-format retail precinct Midland Megaplex, while Fortescue Metals Group has expanded its warehouse and office footprint in the eastern suburbs.

The Royal Flying Doctor Service is increasing its capacity by 25 per cent in preparation for a potential increase in COVID-19 cases in the regions.

The COVID-19 pandemic is forcing investors who have shunned Western Australian mining companies for decades (because they prefer buying shares in banks) to smarten their game or risk being left holding yield-free assets as bank dividends dry up.

OPINION: The big changes forced on the mining sector's FIFO operations is a perfect example of how upheaval in business can present opportunities to improve when the crisis has passed.

Rio Tinto has disclosed that 700 fly-in, fly-out workers have moved to Perth from interstate or overseas because of new travel restrictions, more than twice the number at mining rival BHP.

The two biggest Perth-based resources companies have furthered their interest in hydrogen, with one focused on export potential and the other investigating a more metropolitan project.

In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.

Andrew and Nicola Forrest's Minderoo Foundation is flying in tonnes of medical supplies from China and increasing Western Australia's capacity to test for COVID-19, as part of a rescue package announced today.

The wild ride for the Australian share market has continued with a 330-point swing that turned its early strong gains into an afternoon loss.

UPDATED: Woodside Petroleum has dropped plans for a 14-week fly-in, fly-out roster after presenting the option to its staff, opting instead for a less radical change as the oil and gas giant, along with mining companies, seeks to reduce the amount of travel to its remote sites.

Engineering company Primero Group has secured further work with Rio Tinto under $20 million in contract variations, while at the same time maintaining its full-year earnings guidance.

The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.

Australian shares have achieved back-to-back gains for the first time since the coronavirus crisis began, rallying in the final minutes of trade on reports that US politicians have reached a deal on a massive US stimulus deal to shore up the world's biggest economy.

Former Fortescue Metals Group chief executive and current Perth Airport chairman Nev Power has been recruited by the prime minister to lead a National COVID-19 Coordination Commission.

Fortescue Metals Group said today it expected to meet its annual shipments guidance, as the mining sector started adapting to travel restrictions that will crimp fly-in, fly-out operations.

The Australian share market has dived to an almost eight-year low as borders close and businesses shut in efforts to slow the spread of the coronavirus.

The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.

In celebration of International Women's Day, inductees of the WA Women's Hall of Fame and the winners of the Chamber of Minerals and Energy of WA Women in Resources Awards were announced over the weekend.

The Australian stock market has shed more than $100 billion as it sinks to its lowest level in over a year, following US markets lower after a rise in the number of coronavirus cases.

Western Australia-based businesses have won 70 of 134 contracts awarded for work on five major mining projects, while state government data shows 53 tenders were awarded to businesses with local content plans in the 2019 financial year.