Fortescue Metals first-half profit drops 32% as costs weigh
Mining News Pro - Fortescue Metals Group Ltd, the world’s fourth-largest iron ore miner, said on Wednesday its first-half profit fell by nearly a third, hurt by higher material and labour costs due to the pandemic.
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Fortescue Metals to eliminate scope 3 emissions by 2040
Mining News Pro - Fortescue Metals Group, the world’s fourth largest iron ore producer, became on Tuesday the first major miner to commit to achieving net zero scope 3 emissions, those produced by its customers including steel makers, by 2040.
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Fortescue Metals targets zero emissions by 2040
Mining News Pro - Fortescue Metals Group, the world’s fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, about 10 years earlier than its closest rivals BHP, Rio Tinto and Vale.
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Fortescue Metals ups stake in Candente Copper
Mining News Pro - Australian iron ore major Fortescue Metals Group (ASX: FMG) has invested C$1.38-million ($984k) in Candente Copper (TSX: DNT), increasing its stake in the Canadian junior to 19.92%.
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Caterpillar moves a billion tonnes autonomously at Fortescue Metals
Mining News Pro - Caterpillar and its flagship autonomous operation, the Fortescue Metals Group (FMG) iron ore mine in Western Australia, continue to set records.
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Fortescue Metals Group forced to offer even bigger iron ore discount in China
Mining News Agency - Traders have told The Australian Financial Review the discount for Fortescue`s December delivered product with 58.3 per cent iron content had increased to 29 per cent.
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