Fortescue Metals Group news & company reports.

Fortescue Metals Group News

Fortescue shareholders reject executive pay proposal
Tue, 21 Nov 2023 08:13:30 GMT
Shareholders have rejected the pay and bonus policy at Fortescue, the Australian iron ore-to-green hydrogen company, following an executive exodus this year over the groups direction. While the vote is not binding, it does represent a setback for the mining and energy company. A second vote of more than 25 per cent against its pay policy at next years annual meeting could trigger a shareholder vote to dissolve the


Iron Ore Giant Fortescue Begins to Chart a New Course in Clean ...
Tue, 21 Nov 2023 04:35:00 GMT
Australian iron-ore titan Fortescue Metals Group approved a $550 million green hydrogen project in Arizona, part of an initial slate of projects aimed at recasting the company as a clean energy


Fortescue Approves $750 Million Investment Across Clean Energy ...
Tue, 21 Nov 2023 00:13:00 GMT
Fortescue Metals Group has approved two clean energy projects and another to produce iron using renewable energy, with a planned investment totaling roughly $750 million over the next three


Australia's Fortescue approves $750 mln investment for three ...
Mon, 20 Nov 2023 23:51:18 GMT
Australia's Fortescue on Tuesday approved an estimated total investment of about $750 million over the next three years for two green energy projects and one green steel project as the iron ore miner seeks to become a top-tier clean energy producer. Fortescue approved investments in the U.S. hydrogen hub in Phoenix, Arizona; the Gladstone 50 megawatt green hydrogen project in Queensland, Australia; and the Christmas Creek green iron trial commercial plant in Western Australia. About $550 million will be used for developing an electrolyser and liquefaction facility in Phoenix, where first production of liquid green hydrogen is targeted for


Australia's Fortescue approves $750 mln investment for three ...
Mon, 20 Nov 2023 23:51:18 GMT
Australia's Fortescue approved on Tuesday an estimated total investment of about $750 million over the next three years for two green energy projects and one green steel project as the iron ore miner seeks to become a top-tier clean energy producer. Fortescue approved investments in the U.S. hydrogen hub in Phoenix, Arizona; the Gladstone 50 megawatt green hydrogen project in Queensland, Australia; and the Christmas Creek green iron trial commercial plant in Western


Fortescue First-Quarter Shipments Down, Costs Up
Wed, 25 Oct 2023 23:46:00 GMT
Fortescue Metals Group on Thursday said first-quarter iron-ore shipments fell by 6% on-quarter and costs rose. The worlds fourth-largest iron ore producer reported shipments of 45.9 million metric tons for the three months through September, down from 48.9 million tons the quarter immediately prior. Fortescue reported a Pilbara hematite C1 cost of $17.93 a wet ton for the quarter, up from $17.57 a wet ton the three months


Estimating The Intrinsic Value Of Fortescue Metals Group Limited ...
Wed, 18 Oct 2023 04:46:12 GMT
Key Insights Fortescue Metals Group's estimated fair value is AU$18.45 based on Dividend Discount Model Current share...


World's Fourth Biggest Iron Ore Producer Stops Buying Carbon ...
Sun, 24 Sep 2023 15:00:00 GMT
Fortescue Metals Group stops buying voluntary carbon offsets amid concerns over their actual environmental benefits.


Fortescue Metals Group's (ASX:FMG) Dividend Is Being Reduced ...
Wed, 30 Aug 2023 20:06:59 GMT
Fortescue Metals Group Limited ( ASX:FMG ) is reducing its dividend from last year's comparable payment to $1.00 on


Australian miner Fortescues chief abruptly resigns
Mon, 28 Aug 2023 04:59:59 GMT
The chief executive of billionaire Andrew Forrests Fortescue Metals Group has unexpectedly quit less than six months after taking on the role. Fiona Hick abruptly resigned from the company on Sunday. Fortescue said in a statement she had made a joint decision with the Fortescue Board to leave the


Fortescues Iron Ore CEO Departs; Annual Profit Falls
Mon, 28 Aug 2023 03:24:00 GMT
Fortescue Metals Group said the chief executive of its metals business has stepped down after six months at the helm, as it reported a 23% fall in annual profit, partly tied to a large


Fortescue profit drops on Iron Bridge impairment charge; co-CEO ...
Mon, 28 Aug 2023 01:46:23 GMT
Reuters - -Australia's Fortescue on Monday reported a $1 billion pre-tax impairment charge associated with its flagship magnetite growth project, while posting its lowest annual profit in three years amid a surprise senior-management overhaul. The world's fourth-largest iron ore miner, which has been beset by senior management turnover over the past two years, earlier in the day announced the resignation of its metals division head and co-CEO Fiona Hick. Fortescue shares, up nearly 2.1% so far this year, fell as much as 6% to A$19.7 by 0200



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