ASX:FMG

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ASX:FMG

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…

Resource Nuggets: FMG, S32

26 Apr 2023 - Challenges abound for the resources space at the moment, as was attested by the flat performances of two local majors in this past quarter, Fortescue (ASX:FMG) and So…

Market murmurs: FMG, ALQ

30 Mar 2023 - Differing fortunes for mining behemoth Fortescue (ASX:FMG) and local medi-tech company ALS (ASX:ALQ) on Wednesday, with operational dramas at the former and a slight …

Tough slog persists for Fortescue

16 Feb 2023 - As expected after January’s half year production and sales update, Fortescue Metals Group (ASX:FMG) has again cut its dividends as earnings fell 15% to $US2.36 billio…

From gabfest to Gabon for Fortescue

09 Feb 2023 - Fortescue Metals Group (ASX:FMG) has turned a couple of years of talk into a deal to start what looks like a trial iron ore mining operation in Gabon.

Strong week of trading: ASX closes 0.34% higher

27 Jan 2023 - Westpac expects the Reserve Bank of Australia's cash rate to peak at 3.85 per cent following a higher-than-expected inflation print.

Uncertain gas market not enough to stop gains: Aus shares up 0.36% at noon

27 Jan 2023 - Australia’s import prices gained 1.8 per cent in the December quarter, while export prices fell 0.9 per cent in the same period, according to the Australian Bureau of…

Stocks of the Hour: Dreadnought Resources, Tyro Payments, Fortescue Metals

27 Jan 2023 - A snapshot of the stocks on the move featuring Dreadnought Resources (ASX:DRE), Tyro Payments (ASX:TYR) and Fortescue Metals (ASX:FMG).

Forrest's squadron swoops on CWP Renewables

08 Dec 2022 - Fortescue Metals' Andrew “Twiggy” Forrest has made his biggest play yet in renewables with a multi-billion-dollar deal that will see his Squadron Energy subsidiary bu…

Cost creep finally catches Up with Fortescue

29 Oct 2022 - The signs were there in the final parts of the 2021-22 financial year as costs clearly rose at its Pilbara iron ore mines (around 3% a quarter) but they well and trul…

Forrest puts foot down re Fortescue footprint

21 Sep 2022 - Andrew “Twiggy” Forrest’s Fortescue Metals Group (ASX:FMG) has given itself eight years and a budget of around $9 billion to eliminate fossil fuel use and achieve zer…

Fortescue hit by rising costs and lower ore prices

30 Aug 2022 - Australia’s third iron ore major Fortescue Metals Group (ASX:FMG) saw a 40% fall in its June 30 profit and a 43% slicing of its final dividend as iron-ore prices weak…

Fortescue's $6 billion revenue hole

31 Jul 2022 - What Twiggy Forrest’s Fortescue Metals Group didn’t tell you in its June quarter and 2021-22 production report on Thursday was the $US6 billion hole in its annual rev…

Fortescue (ASX:FMG) pinning its hopes on ore turnaround

29 Jul 2022 - Fortescue Metals Group (ASX:FMG) wants to ship 3 million more tonnes of iron ore in 2022-23 into a market that most analysts reckon will be oversupplied.