Tag: FMG
Inflation bites resources sector with spiralling costs
Commodities are unquestionably a good place for investors at a time of rising inflation, but the same force driving up the price of minerals and metals can also produce killer cost increases.
Dacia...
BHP to shut down NSW’s largest coal mine, Worley strikes deal with Chevron and Fortescue teams up with Liebherr
BHP Group (ASX: BHP) has announced it will shut down its Mt Arthur coal mine in New South Wales after no buyers were sought for the state’s largest coal mine, which has been operating since 2002.
T...
‘Twiggy’ Forrest returns to take Fortescue reins, Woolworths buys majority stake in MyDeal and rain hits Boral profits
Fortescue Metals Group (ASX: FMG) has announced its founder Dr Andrew “Twiggy” Forrest will step in as interim boss when outgoing chief executive officer Elizabeth Gaines concludes her tenure in Augus...
AMP strikes historic deal, Fortescue reveals record shipments and Pushpay indicates several interested buyers
AMP Limited (ASX: AMP) has entered into a landmark deal with property trust Dexus this week that could be worth up to $550 million.
After quashing efforts to spin off its real estate and infrastruc...
Iron ore’s long goodbye is extended – again
Iron ore’s long goodbye kicks on and might last for the rest of the year thanks to Russia’s war on the Ukraine and another setback for a project in Africa dubbed the Pilbara Killer.
Fighting in the...
Sparc Technologies, Fortescue Future Industries and University of Adelaide power ahead with ultra-green hydrogen development
An ultra-green hydrogen joint venture between Sparc Technologies (ASX: SPN), the University of Adelaide and Fortescue Metals Group (ASX: FMG) subsidiary Fortescue Future Industries (FFI) is progressin...
Sparc Technologies partners with Fortescue Future Industries on green hydrogen project
South Australian-based Sparc Technologies (ASX: SPN) has entered into a binding agreement with global green energy company Fortescue Future Industries (FFI) to advance the development of green hydroge...
Queensland Government unveils $1b project that will double world’s green hydrogen production capacity
A new partnership between the Queensland Government and Fortescue Metals Group’s (ASX: FMG) green energy subsidiary Fortescue Future Industries (FFI) will see the world’s largest hydrogen equipment ma...
Have iron ore miners been oversold or should investors ‘steel’ for more ferrous pain?
The pundits were right, for once: the laws of market gravity were always going to catch up with the price of iron ore, which in a matter of weeks has tumbled more than 50% from its nosebleed territory...
Fortescue Metals achieves best ever financial year performance fuelled by record iron ore prices
Riding the wave of high iron ore prices is Andrew “Twiggy” Forrest’s mining company Fortescue Metals Group (ASX: FMG), which achieved its best-ever financial year performance beating previous records ...
Small iron ore plays to get a boost from big miner’s cash shower
Showers of cash from the big boys of iron ore over the next few weeks will increase investor interest among smaller players in Australia’s most profitable mining industry.
BHP (ASX: BHP), Rio Tinto...
Follow the money in nickel and the man ‘Twiggy’
With a price moving back towards US$20,000 a tonne, nickel has shrugged off the worst of a 20% crash in February and become an investment opportunity where you can follow the money – and “the man”.
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Could this be as good as it gets for Australian iron ore?
At the moment Australia’s big iron ore miners are riding high as strong Chinese demand continues to keep prices high and profit margins very strong.
However, there are signs that the iron ore boom ...
Fortescue Metals unveils record revenue for 1H 2020, advances carbon emission reduction strategy
Andrew “Twiggy” Forrest-backed Fortescue Metals Group (ASX: FMG) has unveiled record half year revenue of US$6.5 billion (A$9.71 billion), underpinned by the company’s highest ever iron ore production...
Carawine Resources signs joint venture deal with Fortescue Metals Group for Paterson tenements
Hot on the heels of farm-in deal with Rio Tinto (ASX: RIO) last month, Carawine Resources (ASX: CWX) has now inked a $6 million joint venture with Fortescue Metals Group (ASX: FMG).
The deal allows...
Fortescue pegs more copper ground near Olympic Dam via Strategic Energy and Tasman Resources farm-in
Twiggy-backed Fortescue Metals (ASX: FMG) has made another copper grab with the iron ore miner to farm into Strategic Energy Resources (ASX: SER) and Tasman Resources’ (ASX: TAS) iron-oxide-copper-gol...
WestStar Industrial subsidiary wins $10m contract on Fortescue iron ore development
An engineering subsidiary of construction conglomerate WestStar Industrial (ASX: WSI) has won a $10 million contract for electrical and associated works relating to an accommodation camp at the Eliwan...
Fortescue Metals and CSIRO partner to advance the future of hydrogen energy
Hydrogen fuel technology was given a significant boost last week after one of Australia’s largest resource companies, Fortescue Metals Group (ASX: FMG), unveiled a landmark partnership with the Common...
Rio Tinto copper find rumours spread as mining giant backs share price with $2.8b off-market buy-back
It’s been 12 months since rumours began swirling over Rio Tinto’s (ASX: RIO) alleged copper discovery in Western Australia’s Pilbara, with recent satellite images revealing a hub of activity at the si...
