Tag: FMG

Queensland Government Fortescue Metals Gladstone green hydrogen production capacity

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...
Iron ore miners oversold investors steel ferrous supply ASX

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 Group ASX FMG iron ore green hydrogen 2021 Australia shares

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 ...
Iron ore juniors big miners ASX mining industry Australia

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 man nickel Andrew Forrest Twiggy

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”. ...
Australian iron ore China Brazil demand profit Simandou

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 half year results 2020 ASX FMG

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 join venture Fortescue Metals Group Paterson tenements ASX CWX FMG

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 Metals copper Olympic Dam Strategic Energy Tasman Resources farm-in ASX FMG

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...
Fortescue Metals Group Eliwana mine site WestStar Industrial WSI ASX SIMPEC

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 CSIRO ASX FMG Australia hydrogen energy Andrew Forrest

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 Pilbara drill rig Paterson

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...