Fortescue raises annual shipments forecast amid inflation pain

Mining News Pro - Australia’s Fortescue Metals Group forecast higher iron ore shipments for the next fiscal year on hopes of a stronger performance at its Eliwana project, and logged record quarterly shipments despite a tight labour market and increased costs.

Rio Tinto, Fortescue record profits near end on price view

Mining News Pro - Australian iron ore miners Rio Tinto and Fortescue Metals Group Ltd are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labour market.

Rio Tinto, Fortescue record profits near end on price view

Mining News Pro - Australian iron-ore miners Rio Tinto and Fortescue Metals Group are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labor market.

Forrest back at Fortescue helm to speed clean energy push

Mining News Pro - Billionaire Andrew Forrest will return to lead iron ore producer Fortescue Metals Group Ltd. under an overhaul of the firm’s management aimed at accelerating a push into clean energy.

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.

Iron ore price jumps as Fortescue, BHP and Rio Tinto face labour shortage

Mining News Pro - The iron ore price jumped on Tuesday after Fortescue raised concerns over a labour shortage in Australia because of covid-19 curbs, which could hamper output and shipments.

Fortescue reports rise in shipments but flags labour shortage

Mining News Pro - Australian iron ore miner Fortescue Metals Group on Tuesday posted a 2% rise in second-quarter shipments, but flagged pressures from strong demand for labour and resources, as well as supply chain constraints due to the pandemic.

Fortescue reignites Oakajee vision with Sinosteel

Mining News Pro - Fortescue Metals Group has joined with Sinosteel to investigate rail and port development at Oakajee in the Midwest region of Western Australia.

Fortescue to buy Williams Advanced Engineering for $222m

Mining News Pro - Fortescue Metals Group Ltd will buy Williams Advanced Engineering Limited (WAE) from private equity firm EMK Capital and Williams Grand Prix Engineering Limited for 164 million pounds($222.15 million), the iron one miner said on Monday.

GenusPlus adds drilling prowess with Fortescue deal

Mining News Pro - Fortescue Metals Group subsidiary Pilbara Energy Company has awarded a $30 million contract to GenusPlus for 98 kilometres of overhead transmission line in Western Australia.

Argentina, Fortescue unveil $8.4bn green hydrogen investment plan

Mining News Pro - Australian mining billionaire Andrew Forrest is planning what could be up to an $8.4 billion “green hydrogen” investment in Argentina, the South American country’s government said on Monday after a meeting between the businessman and President Alberto Fernandez.

Fortescue grabs 60% of Dutch energy tech firm

Mining News Pro - Fortescue Metals Group’s green energy arm has bought a 60% stake in Dutch renewable firm High yield Energy Technologies (HyET), as part of the iron ore major’s plan to supply 15 million tonnes of green hydrogen globally by 2030.

Fortescue sets Scope 3 targets, hopes green hydrogen will help

Mining News Pro - Iron-ore major Fortescue Metals this week announced a target to achieve net zero Scope 3 emissions by 2040, addressing emissions across its entire global value chain, including crude steel manufacturing which accounts for 98% of the company’s Scope 3 emissions.

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.

Iron ore price jumps as Fortescue halts Pilbara operations

Mining News Pro - Iron ore price jumped to a three-week high on Thursday after Fortescue Metals Group halted mining operations at its Solomon Hub site in Australia’s Pilbara region.

Fortescue restructures for future in greener resources

Mining News Pro - Fortescue Metals Group has restructured its executive team with four appointments expanding its capacity from purely iron ore into green renewables and resources.

Fortescue sets record with mining services contract

Mining News Pro - Fortescue Metals Group and members of the Wintawari Guruma Aboriginal Corporation have partnered to develop new mines at Fortescue’s Solomon Hub operations in Western Australia.

Fortescue investors invited to vote on Western Australia heritage law

Mining News Pro - Fortescue Metals Group shareholders will be invited to express support for a stronger Aboriginal say on Western Australia’s new heritage protection laws at a shareholder meeting in October, a resolution filed on Wednesday showed.

Decmil’s growing reputation wins Fortescue works

Mining News Pro - Decmil has continued its relationship with Fortescue Metals Group after securing a surface water management contract at the Cloudbreak iron ore mine in Western Australia.

Fortescue clear of outbreak at Cloudbreak

Mining News Pro - Fortescue Metals Group has been cleared of any COVID-19 cases after a positive test scare shut down its Cloudbreak mine site in Western Australia this week.

Fortescue worker returns positive COVID-19 test

Mining News Pro - The Western Australian Department of Health has advised Fortescue Metals Group that a maintenance contractor at its Cloudbreak site has returned a weak positive test result for COVID-19.

Fortescue builds Iron Bridge with SIMPEC

Mining News Pro - SIMPEC has won a $145 million major construction contract for a wet processing plant at Fortescue Metals Group’s Iron Bridge magnetite project in Western Australia.

Fortescue makes waves with shipping record

Mining News Pro - Fortescue Metals Group has marginally beaten its ore shipment targets with a record 182.2 million tonnes setting sail from the Pilbara in the 12 months to June 30.

Fortescue celebrates autonomous haulage milestone

Mining News Pro - Fortescue has recognised its commitment to operational efficiency and safety with its autonomous haul (AHS) fleet moving two billion tonnes of material, doubling the amount hauled since September 2019.

Warrikal wins record Fortescue contract

Mining News Pro - Indigenous contractor Warrikal has been awarded a five-year $350 million contract as one of the providers of maintenance and shutdown services at Fortescue Metals Group’s Pilbara operations.

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