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Federal Budget Statement from Fortescue
Wed, 10 May 2023 00:00:00 GMT
Fortescue welcomes tonights Hydrogen Headstart announcement which demonstrates how seriously the Government is taking the green hydrogen industry and its critical role in Australias

Fortescues Iron Bridge commences high grade magnetite production
Mon, 01 May 2023 00:00:00 GMT
Fortescue Metals Group Ltd has successfully made its first magnetite product, remarkably at first run grade of greater than 68% Fe. Further to the successful production of wet concentrate at the Iron Bridge site, it has now been transported through the 135 kilometre specialist slurry pipeline where dewatering and materials handling occurs at Port Hedland to a high grade magnetite product, ready to be shipped and suitable for steel

Australias Fortescue delays again first production at Iron Bridge ...
Wed, 29 Mar 2023 00:00:00 GMT
Australias Fortescue Metals Group FMG.AX said on Tuesday first production at the companys Iron Bridge Magnetite Project in Pilbara, Western Australia, has been revised to the second half of April. The company had said in January the project was set to begin production at the end of the March quarter. On Tuesday, the worlds No. 4 iron ore miner said the project continues to make progress while managing weather impacts on activity and infrastructure at the site. The Iron Bridge project,

Fortescue welcomes multi-party agreement on strengthening Australia's ...
Tue, 28 Mar 2023 00:00:00 GMT
Fortescue welcomes the announcement of multi-party support for strengthening Australias climate policy architecture.

Fortescue sees solid iron ore demand this year on China property ...
Thu, 16 Feb 2023 00:00:00 GMT
Australias Fortescue Metals said it expects solid iron ore demand this year given Chinas support for its property and construction sectors, as it reported lower profit and dividends for the first half and flagged persistent inflationary pressure. Fortescue was seeing really good demand for its lower grade iron ore after the Chinese New Year, given compressed margins at steelmakers, Chief Executive Fiona Hicks said on Wednesday. Steelmakers tend to buy cheaper ore when their profits are

Australia's Fortescue FFI sees Texas potential among 5 key projects
Wed, 15 Feb 2023 02:26:47 GMT
Australia's Fortescue Metals Group sees green hydrogen production in Texas as likely to be one of five key projects its energy division will decide to invest in this year, the company's green energy chief said on Wednesday. The world's fourth largest iron ore maker is expanding into production of hydrogen from renewable resources, known as green hydrogen, under its Fortescue Future Industries (FFI) unit, and aims to become a global powerhouse in renewable

Fortescues Iron Bridge to begin production this quarter; Q2 shipments ...
Mon, 30 Jan 2023 00:00:00 GMT
Australias Fortescue Metals Group FMG.AX on Friday confirmed its Iron Bridge Magnetite project was on track to begin production at the end of the March quarter, realising a key strategy to secure better prices for its ore. Fortescue, run by billionaire and iron ore magnate Andrew Forrest, posted a 4% rise in quarterly shipments, underpinned by strength across its key Western Australia iron ore operations. The Iron Bridge project in Western Australias Pilbara region will allow Fortescue to

Plug Power scraps electrolyser plant partnership with Fortescue
Fri, 27 Jan 2023 00:07:31 GMT
Plug Power has walked away from building an electrolyser manufacturing plant in Australia with Fortescue Metals Group as the economics did not work, Plug Chief Executive Officer Andrew Marsh said on Thursday. The project, announced in October 2021, was to be a key plank in Fortescue's transition toward becoming a major green energy company through its Fortescue Future Industries arm. Fortescue announced plans with Plug Power in October 2021 to build the world's biggest factory to make electrolysers and held a sod-turning at the site in Gladstone in Australia's northeast last February aiming to produce their first electrolyser in

Tue, 24 Jan 2023 21:05:00 GMT
Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, and Fortescue Future Industries (FFI) have executed a memorandum of understanding (MOU) to collaborate on and evaluate the co-development of large-scale U.S. green hydrogen production

Fortescue Metals Group Limited (ASX:FMG) is favoured by institutional ...
Wed, 18 Jan 2023 00:33:43 GMT
A look at the shareholders of Fortescue Metals Group Limited ( ASX:FMG ) can tell us which group is most powerful.

Fortescue Metals Group Ltd. (FSUGY) Upgraded to Buy: Here's Why
Tue, 17 Jan 2023 17:00:05 GMT
Fortescue Metals Group Ltd. (FSUGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2

Australias Fortescue Metals signs deal to develop green iron-making ...
Wed, 21 Dec 2022 00:00:00 GMT
Fortescue Metals Group FMG.AX said it had signed an agreement with Japans Mitsubishi Corp 8058.T and Austria-based steelmaker Voestalpine AG VOES.VI to develop a net-zero emissions iron-making prototype plant in Linz, Austria. The new iron-making process at the Voestalpine site will be developed by Primetals Technologies, a venture involving another Mitsubishi company, which would provide its electric smelters to help produce cleaner metal for the steel-making plant. Fortescue said on

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