ASX:FMG

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ASX:FMG

Stocks of the Hour: Battery Age Minerals, HyTerra, Vection Technologies

29 Aug 2024 - A snapshot of the stocks on the move, featuring Battery Age Minerals (ASX:BM8), HyTerra (ASX:HYT) and Vection Technologies (ASX:VR1, OTC:VCTNY).

Higher iron ore prices boost Fortescue revenue

28 Aug 2024 - A slightly higher average price for 2023-24 helped Fortescue (ASX:FMG) offset a dip in exports, resulting in a solid rise in earnings and a higher dividend for the ye…

Fortescue eyes $US1.5 billion revenue boost

26 Jul 2024 - Fortescue (ASX:FMG) is looking at a $US1.5 billion-plus boost to revenue and a corresponding boost to earnings for the year ending June, judging by a comparison of av…

Fortescue Metals Group recovers after setbacks

25 Jul 2024 - Fortescue Metals Group (ASX:FMG) managed to recover most of the tonnage lost due to December’s derailment and adverse weather in the first quarter of this year, accor…

Fortescue Metals Group to cut 700 jobs

17 Jul 2024 - Andrew "Twiggy" Forrest's Fortescue Metals Group (ASX:FMG) will sack 700 people, scale back its green ambitions, and reintegrate the group into one corporate structur…

Fortescue-backed hydrogen aviation start-up universal hydrogen shuts down

03 Jul 2024 - Universal Hydrogen, a start-up focused on hydrogen-powered aviation and backed by Fortescue, has shut down after depleting nearly $150 million in investor funds. Desp…

Magmatic Resources and Fortescue Metals announce joint venture

12 Jun 2024 - In March, Magmatic Resources (ASX:MAG) announced a joint venture with Fortescue (ASX:FMG) for the Myall copper-gold prospect in central western NSW.

Fortescue's third-quarter iron ore production and sales disappoint again

24 Apr 2024 - For the second time in as many years, Fortescue’s (ASX:FMG) third-quarter iron ore production and sales have been weaker than expected.

Fortescue Group joins iron ore bonanza: Reports 41% profit increase

23 Feb 2024 - Fortescue Group (ASX:FMG) has joined the December half-year iron ore bonanza already shared by Rio Tinto, BHP, Mount Gibson, and Mineral Resources.

Fortescue joins iron ore party

22 Feb 2024 - Fortescue Group (ASX:FMG) has joined the December half-year iron ore bonanza, which Rio Tinto, BHP, Mount Gibson, and Mineral Resources have already shared in.

Fortescue faces pipeline leaks

25 Jan 2024 - Fortescue Metals' (ASX:FMG) troubled Iron Bridge export magnetite iron ore mine in WA's Pilbara continues to cause problems and is nowhere near planned capacity at th…

Fortescue Metals Group reports 1.4% drop in Q2 iron ore shipments

25 Jan 2024 - Fortescue Metals Group (ASX:FMG) revealed a small 1.4% fall in second-quarter iron ore shipments due to ongoing maintenance activities at some of its key projects in …

Fortescue and Woodside hydrogen projects face uncertainty

08 Jan 2024 - In a surprising turn of events, Australian companies, Fortescue (ASX:FMG) and Woodside (ASX:WDS), find their ambitious hydrogen projects hanging in the balance follow…

Fortescue Metals commits over $1.1 billion to green energy

21 Nov 2023 - Fortescue Metals (ASX:FMG) will commit more than $1.1 billion ($US750 million) to its first three projects on the list of ambitious plans to become a major force in h…

ASX down 0.12% at noon: Fortescue investing in US

17 Nov 2023 - Fortescue Metals Group (ASX:FMG) is investing $US35 million to establish a US Advanced Manufacturing Center with the potential to create up to 600 jobs and serve as a…

Fortescue's sales guidance holds despite 3% shipment drop

13 Oct 2023 - Fortescue Metals Group (ASX:FMG) is sticking to its sales guidance for the year ending next June, even though it witnessed a 3% decline in shipments during the three …

Fortescue Metals and Genex partner in 25-year solar power agreement

09 Oct 2023 - Fortescue Metals (ASX:FMG) and Sydney-based renewable energy supplier Genex have entered into a 25-year solar power purchase agreement (PPA).

Fortescue invests in green hydrogen unicorn

04 Oct 2023 - Twiggy Forrest's Fortescue has confirmed its involvement as one of the lead investors in the US start-up Electric Hydrogen's Series C funding round.

Fortescue Metals witnesses departures: CEO Fiona Hick and CFO Christine Morris step down

1 Sep 2023 - Fortescue Metals Group (ASX:FMG) has recently experienced a notable series of leadership changes, as both its CEO, Fiona Hick, and Chief Financial Officer (CFO), Chri…

Sudden departure of Fortescue's iron ore CEO triggers speculation

28 Aug 2023 - The unexpected resignation of Fiona Hick, Fortescue Metal's (ASX:FMG) iron ore CEO, cast a shadow over the annual results of the world's fourth-largest iron ore group…

Fortescue Metals forecasts rise in iron ore shipments for 2023-24

27 Jul 2023 - Fortescue Metals Group, the world's fourth-largest iron ore miner, has projected a modest increase in its iron ore shipments for the 2023-24 period, driven by robust …

Andrew Forrest's green hydrogen US trip

25 Jul 2023 - In the midst of navigating the fallout from his multibillion-dollar separation from wife Nicola, Andrew Forrest, the Australian billionaire and founder of Fortescue M…

Inflation, iron ore, BHP, RIO, FMG, DRR

19 Jul 2022 - Fund Manager Chris Pedersen discusses inflation, iron ore, BHP Group, Rio Tinto, Fortescue Metals Group, Deterra Royalties.

APA, Fortescue take the lead as Alinta raises stakes in asset sale

10 Jul 2023 - Alinta Energy is now understood to be set on selling all of the West Australian assets it has on offer, rather than just 80 percent stakes, and the understanding is t…

Fortescue metals enters $8m farm-in and joint venture agreement with Strategic Resources

23 Jun 2023 - Australian iron ore giant Fortescue Metals Group (ASX:FMG) has secured an $8m farm-in and joint venture deal with ASX minnow Strategic Resources (ASX:SER) over its co…