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Fortescue Metals Group Sees Fy20 Capital Investment Of Us$2.4 Billion
Vysarn Says Pentium Hydro Entered Into Drilling & Construction Agreement With Fortescue Metals Group's Units
Fortescue Metals Group Updates On Matter Of Group Vs Warrie
Fortescue Metals Group Limited is engaged in the exploration, development, production, processing and sale of iron ore. It owns and operates an integrated supply chain, including its approximately five berth Herb Elliott Port in Port Hedland and the heavy haul railway with approximately 42 ton axle load capacity over 620 kilometers of track. Its operations span over four mine sites in the Pilbara. The Chichester Hub, which includes the Cloudbreak and Christmas Creek mines, is located in the Chichester Ranges, and produces over 90 million tons per annum (mtpa) from three ore processing facilities. The Solomon Hub is located in the Hamersley Ranges, and includes the Firetail and Kings Valley mines, which produce in excess of 70 mtpa. The Company owns and operates its purpose designed rail and port facilities, constructed to deliver iron ore from its mines to Port Hedland and onto its customers. Its Iron Bridge Magnetite project is located over 100 kilometers south of Port Hedland.
Hyatt Centre, L 2 87 Adelaide Tce
John Andrew Henry Forrest
Non-Independent Non-Executive Chairman of the Board
Elizabeth Anne Gaines
Chief Executive Officer, Managing Director, Executive Director
Deputy Chief Executive Officer
Mark B. Barnaba
Non-Executive Co-Deputy Chairman of the Board, Lead Independent Director
Sharon Lee Warburton
Non-Executive Vice Chairman of the Board
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A consortium representing Chinese, French and Singaporean interests won a $14 billion tender to develop part of Guinea's Simandou iron ore project, sources familiar with the talks told Reuters, edging out Australia's Fortescue Metals Group.
Fortescue Metals Group lost out in its bid to develop two blocks at the Simandou iron ore deposit in Guinea, the Australian miner said on Thursday.
Australia's Fortescue Metals Group Ltd nearly doubled its cash on hand in the third quarter after buoyant prices and a move into premium products raised the prices it received for its iron ore.
China is looking beyond current suppliers like Australia to procure raw materials in future as its steel demand continues to grow, the chief executive of the world's No. 4 iron ore producer Fortescue Metals Group warned on Thursday.
Australia's Fortescue Metals Group confirmed on Monday that it has submitted a bid to develop two blocks in the giant Simandou iron ore deposit in Guinea.
Australia's Fortescue Metals Group confirmed on Monday that it had submitted a bid to develop Simandou iron ore blocks in Guinea.
Iron ore miner Fortescue Metals Group on Monday posted a record profit and bumper dividend, and said it was still seeing solid demand growth despite trade tensions between China and the United States.
Fortescue Metals Group on Monday said its annual profit tripled and upped its dividend, helped by robust output and soaring iron ore prices amid a supply crunch.
Australia's Fortescue Metals Group reported record quarterly iron ore shipments on Thursday, boosting its sales as prices spiked to five-year highs, and forecast stronger shipments in the coming year.
Fortescue Metals Group Ltd on Wednesday said it will spend about $287 million to develop the Queens Valley mining area in the iron ore rich Pilbara region of Western Australia.
Iron ore miner Fortescue Metals Group Ltd on Thursday reported flat third-quarter iron ore shipments and joined other big miners in trimming its annual shipments forecast because of disruptions caused by a tropical cyclone.
Iron ore miner Fortescue Metals Group Ltd reported on Thursday flat third-quarter iron ore shipments and cut its annual shipments forecast because of disruptions caused by a tropical cyclone.
Australian shares are poised to open lower on Thursday, as a sharp drop in iron ore prices is likely to weigh mining stocks, with heavyweights Rio Tinto Ltd and Fortescue Metals Group Ltd likely to extend their declines. China's iron ore futures plunged nearly 6 percent...
* Fortescue says no capacity for big sales boost near-term (Adds comments from chief executive)
Australia's Fortescue Metals Group said that it had no capacity at its ore processing facilities to immediately add 'material' iron ore volumes, after a dam tailings burst in Brazil raised uncertainty over global supply.
Fortescue Metals Group said on Wednesday its half-year profit fell 5 percent as higher prices and production were offset by weaker demand from China, its main market.
Australian iron ore miner Fortescue said on Friday that one of its driverless trucks, traveling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week.
Australia's Fortescue Metals Group on Monday announced the first shipment of its new mid-grade iron ore and said it expected to produce 5-10 million tonnes of the commodity next year.
Australian miner Fortescue Metals this week said the latest developments in satellite imagery are helping it scour vast swathes of its own backyard for new deposits, seeking an edge as it jostles with global peers for the next big strike.
Fortescue Metals Group will partner with Australia's national science body to support the development of an industry for hydrogen, a fuel which is being touted as the next big source of low-emissions energy.
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