News Articles for Fortescue

FMG and its executive chair Andrew Forrest had a hostile welcome to country today in the Pilbara.

Senior editor Mark Beyer reports on the soon-to-be-reopened Liberty Theatre and Humich Group's vision for the 68-year-old venue.

Higher input costs and a weaker iron ore price were evident during Fortescue's first quarter of the new financial year, along with Chairman Andrew Forrest's green energy ambitions.

The local share market is slightly higher this morning, with gains by the big banks outweighing losses by the mining and energy sectors.

Labour shortages and inflationary pressures have rocked even WA's biggest resources companies.

ASX-listed mining software provider K2fly has strengthened its ties with Imerys Group after inking a three year contract for use of its Land Access solution. The three year deal has a total contract value of $860,000 and an annual recurring revenue of $123,000 in exchange for a system that manages land access, studies, approvals, stakeholder engagement, operations and land use.

Initial assays from extensional RC drilling at CZR Resources' Robe Mesa iron ore project in WA's Pilbara region have confirmed significant direct shipping ore mineralisation beneath the asset's pre-feasibility study pit. The company says the material's average grades of about 55.6 per cent iron align with its targeted production figures and reinforce its strategic plan to lift production and mine life once in operation.

What it means to be an Aboriginal business is central to the debate over ‘black cladding'.

Fortescue Metals Group has extended its deal with software developer K2fly with an additional six-month contract worth $1.2m for the provision of mining software development services. The mining giant has been a long-term customer of K2fly, utilising its software to navigate regulatory requirements of the increasingly important environmental, social and governance landscape.

Engineering contractor Monadelphous has booked about $160 million worth of contracts and extensions for projects across the country.

Madeleine Stephens previews Business News' ESG series and discusses the inaugural issue covering Australia's net zero ambitions.

BHP has struck a deal with Alinta Energy that will underpin development of a 45 MW solar farm and battery and potentially construction of the Pilbara's first wind farm.

Iron ore miner Fortescue says it will save about $1.2 billion a year in operating costs by moving to what it calls "real zero" by 2030.

Business News examines how big business chooses which community organisations to support.

Queensland-based Thiess has won a $700 million contract to provide mining and maintenance services on Fortescue's new Iron Bridge magnetite project in the Pilbara.

Andrew Forrest has lauded outgoing iron ore boss Elizabeth Gaines as one of Australia's most inspiring leaders as the miner prepares to navigate new challenges and pick up the pace on renewables.

Wesfarmers boss Rob Scott and FMG founder Andrew Forrest are likely to be the only Perth-based business leaders at next week's jobs summit in Canberra, with Meg O'Neill a conspicuous absentee.

Mining software provider K2fly will launch a new technology platform later this year, capitalising on its experience gleaned from working with tier 1 and 2 miners in the increasingly critical environmental, social and governance sector. The company also unveiled collaboration to leverage its technology with Maptek, an organisation recognised as one of the world's biggest private mining software companies with clients in 95 countries.

A five-hole diamond drilling program to test an inflexion zone beneath historical gold mine workings has begun at the Calarie gold project, a joint venture in NSW between Godolphin Resources and Orange Minerals. The phase 2 program, with a minimum of 1000m of drilling, is the follow-up to what Orange describes as “outstanding” results from phase 1 of the campaign conducted late last year.

ASX-listed mining tech Imdex has reported a solid earnings lift to deliver a $44 million profit for the year while revealing a $13 million contract win for work on Fortescue's new magnetite project.

Mining giant Fortescue Metals Group has taken a major step towards expanding one of its largest magnetite projects, lodging the plans with the state's environmental watchdog.

Family offices are becoming more prominent in the investment space.

BHP Nickel West President Jessica Farrell has diplomatically echoed comments made by outgoing Fortescue boss Elizabeth Gaines calling for fellow mining companies to step up diversity efforts.

Elizabeth Gaines says Fortescue has had boots on the ground at a prospective iron ore deposit in Gabon, firming up the company's exploration plans and a potential iron ore foothold in Africa.

Fortescue Metals Group has delivered record iron ore shipments of 189 million tonnes for the financial year, the last with outgoing chief executive Elizabeth Gaines at the helm.

ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.

Economic troubles in China, a falling iron ore price and cost pressures loom as problems for the state's big iron ore miners as their shares dive.

SRG Global has secured $100 million worth of contracts with Iron Bridge Operations and Visy Industries Australia.

An inquiry into sexual misconduct within Western Australia's mining sector is set to deliver its report, days after another alleged on-site assault.

Fortescue Metals Group is aiming to have its first zero-emission haul trucks fully operational by 2025 after signing a major deal with German manufacturer Liebherr.

An in-depth study profiling indigenous employment practices in Australia has thrown down a challenge.

Indigenous businesses in WA generated more than $1 billion in revenue last year and the total is set to rise.

Resources billionaire Gina Rinehart has been named Australia's wealthiest person for a third consecutive year, followed closely by fellow Western Australian and iron ore magnate Andrew Forrest.

A multi-million dollar compensation claim on behalf of the Yindjibarndi people could turn into a fight between the WA government and Fortescue Metals Group over who bears responsibility.

A new study has highlighted the lack of progress in closing the ‘indigenous employment gap' in Australia and the near complete absence of indigenous people from senior management.

Fortescue has announced a raft of changes at the top end of the business, including Andrew Forrest stepping in as interim iron ore boss.

Mining software developer K2fly has sealed a one-year deal worth $2.12 million with BHP to roll out its ground disturbance solution data management system to the mega-miner's iron ore operations in the Pilbara region of Western Australia. The company now provides its ground disturbance solution to the three biggest iron ore players in WA, with Rio Tinto and Fortescue Metals Group also on the roll call.

Fortescue Metals Group chief executive Elizabeth Gaines said the company held off on mining certain areas of its new Eliwana mine amid a “heightened awareness” of heritage-related matters.

K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service' business model – meaning it delivers its software on a subscription basis.

Fortescue Metals Group has lifted its full-year shipment guidance by an additional 3 million tonnes on the back of a prosperous nine months.