Fortescue Metals Group's full-year profit has nearly tripled to $US3.2 billion on the back of a period of soaring iron ore prices in the 2019 financial year.
A buy-back scheme for Port Hedland property owners adversely affected by iron ore export-related dust is expected to be in place within the next six months, with the costs of the scheme to be borne by mining giants BHP, Fortescue Metals Group and Roy Hill Holdings.
Fortescue Metals Group anticipates slightly higher iron ore shipments in the 2020 fiscal year, but the iron ore miner also flagged higher production costs, which it put down to inflationary and haulage pressures.
Fortescue Metals Group says it expects to award over $500 million of Eliwana project contracts by the end of year, as construction officially started on the $1.8 billion project today.
Fortescue Metals Group's recent awarding of $179 million in contracts to Aboriginal businesses highlights two different approaches to indigenous development.
Fortescue Metals Group's has given the green light to its US$287 million ($417 million) Queens Valley mining area development, after it received all necessary environmental and heritage approvals.
Fortescue Metals Group has agreed to revise the alignment of its Eliwana rail line, currently under construction in the Pilbara, to avoid damaging Aboriginal heritage sites. FMG's decision is a win for Wintawari Guruma Aboriginal Corporation.
The proportion of women on the boards of ASX200 companies has fallen for the first time in four years, putting a dent in the Australian Institute of Company Directors' 30 per cent gender diversity target.
Fortescue Metals Group and joint venture partners Formosa Plastics Group and Baosteel Resources have approved the $US2.6 billion ($3.7 billion) development of the Iron Bridge magnetite project in the Pilbara, with the iron ore miner assuring the market it will not repeat the mistakes of earlier magnetite projects.
Fortescue Metals Group has awarded a major component overhaul and replacement services (MCORS) contract to three contractors with Port Hedland workshops, with Fortescue saying the contract would result in 17 full-time, local jobs.
Wintawari Guruma Aboriginal Corporation has failed in its attempt to overturn a key state government ruling concerning Fortescue Metals Group's Eliwana iron ore project.
Fortescue Metals Group has recorded a 5 per cent rise in iron-ore shipments for the December quarter, as it positions itself to increase output of a new higher-grade product.
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A recent deterioration in profits among China's steel producers is boosting the prospects of lower-grade iron ore producers such as Fortescue Metals Group, with steelmakers expected to shift their focus to reducing costs rather than boosting volumes if margins continue to decline.
Andrew Forrest-led Fortescue Metals Group has reported an 8.6 per cent fall in first-quarter iron ore shipments as pollution curbs in China reduced demand for its lower-grade ore.
Fortescue Metals Group has posted a 58 per cent drop in annual profit for the 2018 financial year compared with the previous period, but has increased its dividend payout ratio to shareholders.
Fortescue Metals Group has reduced its stake in Atlas Iron but crucially still holds more than 10 per cent, meaning Gina Rinehart's Hancock Prospecting will not be able to acquire full ownership of the takeover target.
Executive search firm Gerard Daniels has updated its leadership structure, with the appointment of Alison Gaines as chief executive and the recruitment of Steve Scudamore as chairman of its advisory board.
Iron ore miner Fortescue Metals Group has approved development of its Eliwana mine and rail project in the Pilbara, which has an estimated $US1.28 billion ($1.7 billion) capital cost.
Fortescue Metals Group is expanding its fleet of autonomous haul trucks with the conversion of 100 vehicles at its Chichester mining hub, leaving the company with a fully driverless fleet.
A Supreme Court judgement and a stoush with the state government over a new iron ore mine have shone a revealing light on the activities of the Eastern Guruma people and their business interests.
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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.
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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.
Women account for just 8.7 per cent of board positions at the top 100 Western Australian companies listed on the ASX, a report by the Committee for Perth has found.
Iron ore miner Fortescue Metals Group has named non-executive director and former Helloworld and Heytesbury executive, Elizabeth Gaines, as its new chief financial officer.
Fortescue Metals Group chair Andrew Forrest has taken a shot at his iron ore mining competitors for mining “the easy stuff” and not working to bring subeconomic ores up to a mineable level, speaking at the company's annual general meeting today.
