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Iron ore bonanza to deliver until 2022 as supply squeeze lingers
Wed, 07 Apr 2021 00:00:00 GMT
Australias biggest miners are poised to benefit from better-than-expected iron ore prices for at least the rest of the year as global ratings agency S&P upgrades its forecasts for the key steel-making raw material. After surging Chinese steel output in 2020 propelled iron ore prices to a 10-year high and delivered bumper returns to shareholders of BHP, Rio Tinto and Fortescue, S&P Global on Friday upgraded its price assumption for the commodity from $US100 a tonne to $US130 a tonne

Is Fortescue Metals Group Limited (ASX:FMG) Expensive For A Reason ...
Fri, 19 Mar 2021 18:17:27 GMT
In this article we are going to estimate the intrinsic value of Fortescue Metals Group Limited ( ASX:FMG ) by taking...

FMG Resources (August 2006) Pty Ltd -- Moody's affirms Fortescue's ...
Fri, 19 Mar 2021 07:47:10 GMT
Rating Action: Moody's affirms Fortescue's ratings and assigns a Ba1 to new notes; outlook stableGlobal Credit Research - 19 Mar 2021Sydney, March 19, 2021 -- Moody's Investors Service has affirmed Fortescue Metals Group Ltd's Ba1 corporate family rating (CFR). At the same time Moody's has affirmed the Ba1 backed senior unsecured ratings of FMG Resources (August 2006) Pty Ltd -- a wholly owned financing subsidiary -- and assigned a Ba1 to the subsidiary's new backed senior unsecured notes

Fortescue Announces Offer To Purchase For Cash Certain Of Its ...
Thu, 18 Mar 2021 14:44:00 GMT
FMG Resources (August 2006) Pty Ltd (the Company), an Australian corporation and a direct wholly owned subsidiary of Fortescue Metals Group Ltd (Fortescue) (ASX: FMG), an Australian corporation, announced today that it is offering holders of certain of its debt securities to tender to sell in exchange for cash any and all of the Company's 4.750% Senior Notes due 2022 (the Notes). The complete terms of the tender offer are set forth in an Offer to Purchase, dated as of today (the Offer to Purchase), the Notice of Guaranteed Delivery (the Notice of Guaranteed Delivery) and the Letter of Transmittal (the Letter of Transmittal) and any amendments or supplements

Fortescue sees green revolution, pushes for net zero emissions ...
Mon, 15 Mar 2021 00:36:44 GMT
Australia's Fortescue Metals Group, the world's fourth-largest iron ore miner, has set an ambitious plan to become carbon neutral by 2030, bringing forward the target by 10 years as it aims to start producing green hydrogen as soon as 2023. Fortescue Chairman Andrew Forrest predicted the world's conversion to green energy and green products would occur almost violently compared to most forecasts, which assumed hydrogen produced from renewable energy would only become commercially viable in the

Fortescue engineer recognised at Chamber of Minerals and Energy ...
Tue, 09 Mar 2021 00:00:00 GMT
Fortescue Metals Group is proud to recognise the significant contributions of the Companys female employees at the 2021 Women in Resources Awards, with Reliability Engineer Pooja Haria scooping up the Outstanding Young Woman in Resources and Peoples Choice

Fortescue community grants now open for applications
Thu, 04 Mar 2021 00:00:00 GMT
Grants of up to $5,000 are now available for community organisations in the Pilbara, under the latest round of Fortescue Metals Groups community grants

Fortescue partners with Williams Advanced Engineering to develop ...
Tue, 02 Mar 2021 00:00:00 GMT
Fortescue Metals Group (Fortescue) today announced an agreement with Williams Advanced Engineering (WAE) to design, build, test and integrate a battery system to power an electric mining haul truck, as an important first step to decarbonising our mining haul

Fortescue leadership changes Iron Bridge
Tue, 16 Feb 2021 00:00:00 GMT
The Board of Fortescue Metals Group (Fortescue) considers Iron Bridge to be an excellent project, however before it advances further must benefit from a complete technical optimisation and instilling proven leadership, previously unavailable due to the execution of other successful Fortescue

Fortescue deploys autonomous light vehicles at Chichester Hub
Mon, 15 Feb 2021 00:00:00 GMT
The future of mining mobility is being advanced at Fortescue Metals Group, with the successful operational deployment of autonomous light vehicles at the Companys mining operations in the Chichester

What Type Of Shareholders Make Up Fortescue Metals Group Limited's ...
Mon, 01 Feb 2021 19:58:25 GMT
If you want to know who really controls Fortescue Metals Group Limited ( ASX:FMG ), then you'll have to look at the...

A passion for learning drives Fortescues CEO for a Day
Thu, 28 Jan 2021 00:00:00 GMT
Fortescue Metals Groups latest CEO for a Day is driven by her thirst for learning and saying yes to every opportunity. Exploration Geologist Caitlin Smith today joined Fortescues senior leadership team for the release of the Companys December 2020 quarterly production

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