FMG
Director Trades
| Date | Director | Value |
|---|---|---|
| U. Monari | $4,999 | |
| L. Marshall | $103,142 | |
| M. Barnaba | $6,003 | |
| Larry Marshall | $13,308 | |
| Mark Barnaba | $188 | |
| Mark Barnaba | $26,277 |
Company News
Fortescue moves to acquire Pilbara iron ore developer Red Hawk Mining
Australian mining giant Fortescue (ASX: FMG) has made a takeover bid worth as much as $254 million for up-and-coming Pilbara iron ore mine developer Red Hawk Mining (ASX: RHK). Red Hawk operates the Blacksmith project, the largest direct shipping iron ore project in the Pilbara not owned by one of the major iron ore producers. […]
HyTerra targets strong year-end as Fortescue backs white hydrogen push in Kansas
HyTerra (ASX: HYT) is preparing for a strong finish to 2024 in its hunt for high-value white hydrogen in the US. Releasing its latest quarterly report, the Australian junior highlighted the strong platform it has built to accelerate drilling at its large Kansas hydrogen exploration position. The key to the future timeline for exploration at […]
HyTerra receives $21.9m cornerstone investment from Fortescue Future Industries Technologies
HyTerra (ASX: HYT) is to receive a $21.9 million cornerstone investment from Fortescue Future Industries Technologies (FFIT) to pursue white hydrogen at its 100%-owned Nemaha project in Kansas. Upon completion of the transaction, FFIT will become HyTerra’s largest shareholder. HyTerra and Fortescue have also agreed to a strategic alliance agreement that will allow for collaboration […]
Fortescue boss Andrew Forrest opens world-class electrolyser manufacturing hub in Queensland
Fortescue (ASX: FMG) executive chair and founder Andrew Forrest has declared himself a green energy “first mover” with the opening of a world-class hydrogen electrolyser manufacturing facility in Gladstone, Queensland. One of the first plants globally to house an automated assembly line, the 15,000 square metre manufacturing facility will have capacity to produce over 2 […]
Genex Power’s Bulli Creek solar project on hold as Fortescue fails to meet purchase agreement conditions
Genex Power (ASX: GNX) has confirmed that Australian resources giant Fortescue (ASX: FMG) is yet to satisfy the conditions precedent for one of Queensland’s largest renewable energy projects. Fortescue had initially signed a 25-year solar power purchase agreement (PPA) with Genex in October 2023 for the Bulli Creek Solar and Battery Project (BCP). The BCP […]
Magmatic Resources and Fortescue announce $14m JV to explore Myall’s copper-gold potential
The share price of Magmatic Resources (ASX: MAG) jumped more than 50% after it revealed it had executed a $14 million farm-in and joint venture agreement with FMG Resources Pty Ltd, a wholly-owned subsidiary of mining giant Fortescue (ASX: FMG), to explore the Myall copper-gold project in central-west New South Wales. Fortescue has also agreed […]
Japan’s J-Power launches $380m takeover bid for Australian renewable energy firm Genex Power
Japanese renewable energy specialist Electric Power Development (J-Power) has unveiled a $380 million takeover offer for Australia’s Genex Power (ASX: GNX). The non-binding, indicative and conditional proposal from J-Power is aimed at acquiring all of the ordinary shares on issue in Genex that it and its associates do not already own. The takeover is being […]
Simandou threat looms for Australia’s iron ore giants
Iron ore has played a central role in keeping the Australian share market rising even as the world tilts strongly towards investments in technology. The big miners BHP (ASX: BHP), Rio Tinto (ASX: RIO) and Fortescue (ASX: FMG) have all seen fluctuating but consistently high rivers of cash flow on to their balance sheets as […]
Fortescue approves $1.14b investment in large-scale green energy projects
The board of Fortescue Metals Group (ASX: FMG) has approved a final investment decision (FID) on a trio of large-scale green developments in the US and Australia worth a combined $1.14 billion over the next three years. The Phoenix hydrogen hub in Arizona, the Gladstone PEM50 project in Queensland and a green iron trial commercial […]
Amateur investors bet on Andrew Forrest despite professional doubts
Amateurs are investing a lot of faith in the belief that Andrew Forrest can keep delivering generous dividends from his iron ore business, Fortescue Metals Group (ASX: FMG), just as professionals warn that risks are rising in a company which isn’t quite sure what it is. The disconnect is the most remarkable event on the […]
