Fortescue Metals Group Ltd and its chief executive Andrew Forrest will head to court in April next year to fight claims made by the corporate watchdog.
Parochial investors who put their money into Western Australian stocks have just experienced their worst year in nearly a decade, judging by the results of WA Business News' annual total shareholder return survey.
Fortescue Metals Group is considering a number of finance options to fund expansion plans at its Chichester Range iron project, with a control estimate expected to be released within a few months.
The Western Australian business success story that everyone has been talking about in the past twelve months, Fortescue Metals Group, has topped the emerging brands list.
Andrew Forrest's Fortescue Metal Group Ltd has increased the cost of its Pilbara iron ore project by $31 million, taking the final forecast cost up to $2.796 billion and leaving the company with no formal contingency.
Iron ore newcomer Fortescue Metals Group Ltd is sticking to its May 15 deadline for its first shipment, denying speculation that its debut delivery could be as late as August.
A spokesman for Fortescue Metals Group Ltd said the group would not comment on reports that its chief executive, Andrew Forrest, held discussions with bankers in Beijing earlier this week seeking loans to help fund a $1 billion expansion of its Pilbara ir
Andrew Forrest's Fortescue Metals Group Ltd is in discussion with Clive Palmer's Mineralogy Pty Ltd about the potential of blending low-grade iron ore to supply the Chinese market.
Shares in Fortescue Metals Group soared 25 per cent today to a new record high after the iron ore group revealed a resource estimate for part of its Pilbara Solomon project of more than one billion tonnes.
Fortescue Metals Group Ltd will shift its attention from mining its Christmas Creek deposit in favour of developing a 100 kilometre strip of potentially rich iron ore dubbed ‘Solomon'.
Fortescue Metals Group has signed a joint venture agreement with a subsidiary of China-based Shanghai Baosteel Group Corporation, to explore and potentially develop a one billion tonne magnetite deposit in the Pilbara.
The spectacular rise in Fortescue Metals Group's share price since chief executive Andrew Forrest took the reins has made the iron ore developer the top performing Western Australian stock over the past five years.
Professional Public Relations WA is embarking on a national expansion of its investor relations business, with plans to establish a presence in Sydney, Melbourne and Brisbane.
Pilbara iron ore mining company Fortescue Metals Group made a trading halt request today, prior to an announcement regarding an institutional equity capital raising.
Fortescue Metals Group Ltd has confirmed the extension of negotiations with Chinese steel mill Baosteel Trading Co Ltd over a possible Pilbara iron ore joint venture does not impact on an off-take agreement signed between the two companies.
Its shares may have surged more than 500 per cent in the past 12 months but some analysts argue Fortescue Metals Group Ltd is relatively cheap compared with its mining peers.
Fortescue Metals Group will establish a training program for indigenous people to gain employment in the company's Pilbara iron ore project in association with the North Alberta Institute of Technology, the company announced today.
Fortescue Metals Group Ltd boss Andrew Forrest laid the groundwork for his current wealth four years ago this month when he negotiated a deal with Allied Mining & Processing.
FORTESCUE Metals Group Ltd this week announced an off-take agreement with Shanghai Baosteel Group Corporation for up to 20 million tonnes of iron ore per year, following a trading halt on Friday.
Iron ore hopeful Fortescue Metals Group Ltd has announced an offtake agreement with Shanghai Baosteel Group Corporation, for up to 20 million tonnes of iron ore per annum.
An almost 30 per cent rise in the share price of iron ore hopeful Fortescue Metals Group Ltd over the past fortnight could be attributed to recent upward projections in iron ore prices for the 2008-2009 financial year, the company told investors today.
IRON ore company Fortescue Metals Group Ltd has warned of possible delays and cost overruns at its flagship project, after cyclone George battered the Pilbara last week.
Planning and Infrastructure Minister Alannah MacTiernan has welcomed the commencement of work on Fortescue Metals Group's Pilbara railway, saying the line would provide access for other companies to export markets.
East Perth-based Fortescue Metals Group Ltd has secured an iron ore offtake agreement with China's Wuhan Iron & Steel Group for around two million tonnes per year.
When nickel producer Minara Resources decided last year to pursue the development of a $25 million heap leach demonstration plant, it ran into an unexpected problem.
The Pilbara Mining Alliance, a joint venture of Fortescue Metals Group Ltd and Roche Mining, has commenced ground breaking at Fortescue's Cloud Break mine.
FORTESCUE Metals Group Ltd has signed a further three iron ore sales agreements, with three of China's top 10 steel mills agreeing to take a total of 3 million tonnes per annum, the company says.
Andrew Forrest and his Fortescue Metals Group are determined to build a new iron ore mine in the Pilbara, but the closer an outsider looks at the financial structure being created
Iron ore developer Fortescue Metals Group last week signed a $535 million equity deal with a New York group after breaking off talks with Noble Group Ltd.
Fortescue Metals Group Ltd has signed another three iron ore sales agreements, with three of China's top ten steel mills, to export a further three million tonnes per annum.
Iron ore developer Fortescue Metals Group Ltd has posted an operating loss after income tax of $2.1 million for 2006, up from 2005's operating loss of $4.5 million.
Fortescue Metals Group has placed a trading halt on its shares, pending the release of an announcement, following reports FMG is expecting to finalise equity funding for its $2.5 billion Chichester Range iron ore project.
Prominent Western Australian iron ore player Fortescue Metals Group Ltd and mining services specialist Roche Mining have entered into a long term alliance, forming the Pilbara Mining Alliance.
