Fortescue Metals Group Limited


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Next Event

Fortescue Metals Group Ltd Annual Shareholders Meeting

Latest Developments


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


About Fortescue Metals Group Limited

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.


Metal Mining

Contact Info

Hyatt Centre, L 2 87 Adelaide Tce


Executive Leadership

John Andrew Henry Forrest

Non-Independent Non-Executive Chairman of the Board

Elizabeth Anne Gaines

Chief Executive Officer, Managing Director, Executive Director

Julie Shuttleworth

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

Key Stats

3.17 mean rating - 18 analysts
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Latest News

Latest News

China-backed consortium wins $14 billion Guinea iron ore deal, pipping Australia's Fortescue

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.

UPDATE 1-Australia's Fortescue loses bid to develop Guinea iron ore blocks

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 bumps up free cash flow on premium iron ore

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.

As Fortescue taps Guinea, China eyes broader iron ore supply sources: CEO

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 confirms bid to develop Guinea iron ore

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 says it has submitted bid to develop Guinea iron ore

Australia's Fortescue Metals Group confirmed on Monday that it had submitted a bid to develop Simandou iron ore blocks in Guinea.

Australia's Fortescue triples profit, sees strong China demand

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.

Australia's Fortescue annual profit triples on soaring iron ore prices

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 reaps iron ore price windfall

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.

UPDATE 1-Australia's Fortescue green lights $287 mln mine development

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.

UPDATE 1-Australia's Fortescue pares annual iron ore shipments guidance after cyclone

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.

Australia's Fortescue cuts annual iron ore shipments guidance after 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.

Australia shares set to inch lower, hurt by miners; New Zealand up

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...

UPDATE 3-Australia's Fortescue beats estimates as iron ore pricing improves

* Fortescue says no capacity for big sales boost near-term (Adds comments from chief executive)

Australia's Fortescue says lacks capacity to 'materially' boost iron ore output near-term

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.

Australia's Fortescue logs 5 pct drop in H1 profit as demand weakens

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 miner Fortescue says two driverless trucks involved in low-speed incident

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.

REFILE-Australia's Fortescue expects to produce 5-10 mln T of new mid-grade iron ore in 2019

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.

Exploration drill: Fortescue taps new tech to step up copper hunt across Australia

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 to help fund development of Australian hydrogen industry

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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