News Articles for Fortescue

Australia's two biggest exports, iron ore and gas, are facing renewed price pressure, a situation which is starting to be reflected in the exchange rate and which could precede a big fall in the Au

This week in Business News: Woodside Petroleum makes progress in its floating LNG projects. This week's print edition looks at emerging opportunities for Indigenous businesses. Gold Fields announces the acquisition of 3 gold mines in the Yilgarn region

A host of new names has emerged as Aboriginal business grows in the state's north.

Indigenous business is thriving and growing in the north-west, but it was not an overnight success.

Contracting group Brierty's shares have jumped after it booked a record net profit for financial year 2013, a result it says was driven by its diversity of operations.

Rudd tax plan hits WA gas hub hopes

The coalition has refused to commit to reducing application fees for 457 visa workers if elected to government, despite flagging plans to make the scheme more “user-friendly”.

Fortescue Metals Group has vowed to focus on reducing its debt by 30 or 40 per cent following the official completion of its $US2.4 billion port expansion at Port Hedland.

A 10-year old commitment by Fortescue Metals Group to the state government has come back to bite the iron ore miner, after it was told it must commence negotiations for third-party access to its Pi

Treasury sounds budget alarm

The Perth arm of charity Ronald McDonald House has done a better job than most listed companies in a tight capital market, topping its $20 million campaign goal well ahead of schedule.

The fun started early at the annual Diggers & Dealers forum in Kalgoorlie yesterday with delegates bravely predicting a higher gold price, to which the market responded by driving the gold pric

Andrew Forrest's Fortescue Metals Group has claimed a major milestone in its efforts to spark indigenous development, announcing a series of new contracts that double its deals with Aboriginal busi

Privately-owned contractor Barber Drilling laid off all of its staff on Friday, after being hit by the slowdown in the iron ore sector.

Rudd calls post-boom election

A slowdown in the mining sector could have positive flow-on effects for employers in other industries, Business News' annual survey of the state's 100 largest employers has found.

Perth-based FIRM Construction has been selected by German mining machinery manufacturer Wirtgen Group to build a $40 million sales and service facility in South Guildford.

Iron ore miner Fortescue Metals Group has reported strong production results for the June quarter, with output up, costs falling and cash flow improving, giving the company more flexibility as it e

Fortescue Metals Group has been recognised as one of six Australian companies for its contributions to the growth of commercial ties between Australia and China.

Investors who kept their money in Australia's top blue chip stocks enjoyed great returns in the 2012-13 financial year.

Perth-based contractor OTOC announced today it has acquired full ownership of a 700 person commercial kitchen/diner facility at a Fortescue Metals Group site.

Fortescue Metals Group says its Pilbara rail network is at capacity and any move to allow Brockman Mining access would result in reduced state iron ore royalties and federal taxes, and ultimately l

Cleveland Mining Company managing director David Mendelawitz will temporarily relocate to Brazil to oversee the company's gold mining operations, following the resignation of chief executive Peter

Bowen says RBA could cut rates more

Rudd's populist policy fix

Perth builder Gavin Construction has officially ceased trading, capping off a horror month that has seen six significant Western Australian businesses in contracting, engineering and mining fall into administration or receivership.

Great artists of the 20th and 21st centuries feature in the third exhibition to come from New York's Museum of Modern Art.

Brockman Mining says the price it should pay for access to Fortescue Metals Group's Pilbara railway should be no more than 88 cents per tonne, a fraction of previous estimates by FMG.

Peter Blackburn had to dig deep to turn his 'great idea' into a successful business.

Two years ago, Viento Group was a battling property investment company treading water.

New growth opportunities will be few and far between for mining contractors, who are under pressure to trim their rates.The irony was inescapable.

The two big mining contractors that dominate the underground sector have very different recent histories, but face similar challenges.

Andrew Forrest has been appointed as chair of the Art Gallery of Western Australia Foundation council.

Leighton Contractors has secured a $1.3 billion deal with Fortescue Metals Group for work at the Kings iron ore deposit, adding to a $1.5 billion deal Leighton signed last year at the neighbouring