News Articles for Fortescue

Fortescue Metals Group has cut the amount it expects to receive for its iron ore shipments this year, saying slow Chinese construction and the recent Trump-inspired trade war fears are weighing on forecasts.

Perth-based mining company South32 has implemented new leave provisions that exceed those of most other employers, offering six months' parental leave on full pay and up to 10 days of paid domestic violence leave.

As the only artist to claim a space at Cottesloe's Sculpture by the Sea for each of the event's 14 exhibitions, Ratimir Marijan (Ron) Gomboc has created his largest sculpture yet for the seaside display.

Gina Rinehart's four children have joined their mining mogul mother among the world's richest people, with nine Western Australians included in Forbes' latest world billionaire rankings.

Former Fortescue Metals Group chief executive and well-known aviation enthusiast and commercial pilot, Nev Power, has been appointed as chairman of Perth Airport.

Automotive Holdings Group has selected current director Rob McEniry to replace outgoing chairman David Griffiths, while England-based Sebstian Coe will become a non-executive director at Fortescue Metals Group.

Nev Power has resigned as chief executive of Fortescue Metals Group. The company has appointed current chief financial officer and executive director Elizabeth Gaines as its new chief executive.

Fortescue Metals' half-year profit has dropped 44 per cent as the miner offered wider discounts on its lower-grade product, but the result still came in ahead of market expectations.

Altura Mining directors Allan Buckler and Paul Mantell and AusCann Holdings directors Mal Washer and Harry Karelis have been among a group of major Western Australian investors to have the value of their portfolios hit as markets have fluctuated in recent weeks.

Fortescue Metals shipped less iron ore in the December quarter as it continued to lower production costs.

Fortescue Metals Group has been included in a worldwide gender equality index created by data services giant Bloomberg.

Fortescue Metals Group founder and chair Andrew Forrest has seen his stake in the miner increase $249 million in value over the past four weeks, according to data on directors' shareholdings tracked by Business News.

The strong performance of the Business News index of 30 local companies designed to track the state's economy implies good years ahead for WA.

SPECIAL REPORT: Chris Ellison's astute commercial achievements placed him at the top of our short list of nine people contending to be person of the year.

The environmental watchdog has given the green light for BHP Billiton's planned 80 million tonnes per annum South Flank iron ore development, with first ore targeted in 2021.

Dutch company KOTUG and local subcontractor Westug have been selected to provide towage services for Fortescue Metals Group at Port Hedland, 18 months after the iron ore miner won a tender that broke BHP Billiton's monopoly at the port.

Fortescue Metals Group will appeal the Federal Court ruling granting exclusive rights to the Yindjibarndi people over Pilbara land where the company operates its Solomon hub, three weeks after the state government welcomed the decision.

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Elizabeth Gaines' selection last week as the incoming chief executive of Fortescue Metals Group has shot her to the top of a very short list of genuinely powerful women in business in Western Australia. Click through to read more and see our listing of 12 leading WA women in business.

Fortescue Metals Group has announced major changes to its leadership, with a new chief executive taking the reins and its directors taking a hands-on role to support an updated strategy that focuses on producing more higher-grade iron ore.

Engineering contractor RCR Tomlinson has secured a $33 million contract to design and construct a five-kilometre relocatable conveyor system for Fortescue Metals Group.

The Chinese government's environmental crackdown could provide a boost for the beleagured Sino Iron project, notwithstanding a recent adverse court ruling.

TransAlta officially opened its new 150-megawatt combined cycle natural gas power station in South Hedland today, with Horizon Power as its sole foundation customer after Fortescue Metals Group backed out of an offtake agreement.

Proceeds raised during last weekend's Mining Emergency Response Competition Mining Emergency Response Competition in Perth have gone towards an emergency responder wellness app developed by support services provider Holyoake.

Australian shares have opened stronger thanks to a lift in some commodity prices and fresh gains on Wall Street overnight.

The share market has edged higher due to modest gains in most sectors, while the Reserve Bank's concerns about slow wages growth have driven the Australian dollar to a five-month low.

China's great environmental clean-up is starting to produce knock-on effects in Western Australia, with none more interesting than the ‘quality clash' in the iron ore sector.

Australian shares have reversed Monday's losses and opened stronger following positive finishes in the US overnight.

A new feature on the Business News web site that tracks the changing wealth of Western Australia's company directors shows Tony Lennon and Peter Cook are among the winners over the past month while Kerry Stokes and Andrew Forrest have gone down.

Better-than-expected US company earnings and optimism that President Donald Trump's tax cuts will proceed has helped drive Australian shares higher.

The Australian share market has closed lower after sharp falls in oil and base metal prices weighed on energy and mining companies.

The materials and energy sectors are under pressure in early trade as the Australian share market continues to reverse its climb past 6,000 points.

A weak start to trading has sent the share market's leading index back below the 6,000-point level it broke last week.

Fortescue Metals Group has terminated its agreement with TransAlta Corporation to purchase power from the recently completed South Headland power station after the miner raised performance concerns in August.

A newly established company led by a group of Perth oil and gas executives aims to become a major supplier to the domestic gas market after buying the offshore Equus gas fields from US company Hess Corporation.

The Australian share market has closed slightly lower, dragged back by two of the big four banks - ANZ and Westpac - trading ex-dividend.

The share market has closed higher for a third straight session as a lift in iron ore prices boosted miners and most of the big banks gained ground.

The Australian share market is higher in early trade, as investors hold on to the positive momentum from the past few sessions.

Fortescue Metals Group has appointed Mark Barnaba AM as co-deputy chair, sharing the role with Sharon Warburton. Mr Barnaba has been with the board since 2010.

Fortescue Metals Group has appointed Mark Barnaba as the company's new co-deputy chair, alongside Sharon Warburton.