Fortescue Metals Group chief executive Andrew Forrest's tenure is under a cloud after the corporate regulator won the latest leg in its battle with him over his duties as a director.
A major shareholder in Fortescue Metals is taking legal action against the miner and chief executive Andrew Forrest, over the possible issue of extra debt securities.
Fortescue Metals Group will spend $360 million to upgrade its Christmas Creek iron ore mine in the Pilbara to boost its total Pilbara output by 40 per cent to 55 million tonnes a year by mid 2011.
TWO not-for-profit organisations this month demonstrated that carefully planned and targeted fundraising activities can achieve outstanding results in spite of the poor economic conditions.
Fortescue Metals Group says a proposed $US6 billion funding agreement with Chinese banks will give it optimum flexibility to expand its Pilbara iron ore operations to meet demand from Chinese customers.
Fortescue Metals Group says it is closely watching relations between China and Australia following the detention of four Rio Tinto staff as it forecasts a lift in demand in the short-term from Asian steel mills.
The corporate watchdog says it will ask the Federal Court to consider disqualifying Andrew Forrest from acting as a director as legal proceedings involving Fortescue Metals Group is set to start on Monday.
Fortescue Metals Group remains in a trading halt as it considers more capital raising after agreeing to sell a stake to a Chinese steel maker for $1.2 billion.
Iron ore miner Fortescue Metals Group has negotiated a $558 million capital injection at $2.48 per share with Chinese steel maker Hunan Valin Iron and Steel Group Company.
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.
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.
The second incarnation of the infamous nickel mine that sparked the Poseidon bubble of the early 1970s is sure to have many closely watching the development of Poseidon mark 11, especially because of Andrew Forrest's involvement.
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
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'.
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.
Bell Potter Securities' corporate finance director Mark Ceglinski has been appointed chairman of Subiaco-based Arafura Pearls Holdings Ltd, replacing Fortescue Metals Group chief executive Andrew Forrest, the company has announced.
Subaico-based Niagara Mining Ltd has announced the appointment of Andrew Forrest as non-executive chairman and a share consolidation as part of a company reorganisation it says will help it become a strong industrial nickel producer.
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 chief executive Andrew Forrest has stepped down from the board of Monarch Gold Mining Company Ltd, less than a week after resigning the chair of Moly Mines Ltd.
THE Australian Securities and Investments Commission made an application to file a new statement of claim against Fortescue Metals Group Ltd and its chief executive, Andrew Forrest, in the Federal Cou
ASIC has taken legal action against Fortescue Metals Group Ltd and its CEO Andrew Forrest alleging misleading and deceptive conduct and failure to comply with its continuous disclosure obligations.
Investors remained at first unconvinced as the irrepressible chairman of Fortescue Metals Group, Andrew Forrest, moved to play down recent market concern regarding the viability of the company's proposed $1.85 billion Pilbara iron ore project.
