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  • Fortescue Ltd

    Exploration, development, production, processing and sale of iron ore, and the transition to become the integrated green technology, energy and metals company.

    FMG$18.310
     0.070 0.38%

    Data last updated:Aug 13, 2024 – 12.08pm. Data is 20 mins delayed.

    Previous Close

    18.240

    Open

    18.430

    Day Range

    18.220 - 18.450

    52 Week Range

    17.940 - 29.480

    Volume

    1,950,280

    Value

    35,746,717

    Bid

    18.300

    Ask

    18.310

    Dividend Yield

    11.25%

    P/E Ratio

    6.43

    Market Cap

    56.345B

    Total Issue

    3,078,964,918

    ASX Announcements

    Initial Director's Interest Notice - Noel Pearson

    Initial Director’s Interest Notice

    • Aug 1, 2024
    • 2 pages

    Appointment of Non-Executive Director

    Director Appointment/Resignation

    • Aug 1, 2024
    • 1 page

    Market Sensitive

    June 2024 Quarterly Production Report

    Fourth Quarter Activities Report

    • Jul 25, 2024
    • 5 pages

    Management and Organisational Update

    Company Secretary Appointment/Resignation, Company Administration - Other

    • Jul 17, 2024
    • 1 page

    Notification regarding unquoted securities - FMG

    Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)

    • Jul 12, 2024
    • 5 pages

    View all FMG announcements

    Today

    A Climate Energy Finance report estimates Australia has the potential to double its iron  export value to $250 billion by producing green iron.

    Slow approvals are risking the next mining boom: report

    State and federal environmental approval processes are jeopardising tens of billions of dollars of investment in green steel and renewable energy infrastructure, experts warn.

    • Tom Rabe

    Yesterday

    BHP and Rio Tinto iron ore mines in the Pilbara have been largely de-unionised for decades.

    WA premier backs unions over iron ore miners

    Unions have forced BHP to the negotiating table, a big breakthrough in their attempts to re-unionise the country’s biggest export industry.

    • Brad Thompson and Elouise Fowler
    The funk in China’s steel market has global implications as iron ore prices languish.

    ‘Carnage’ in steel markets to sink iron ore below $US90

    Analysts can’t understand what is holding up the price of Australia’s key export and Westpac says the market is ignoring key fundamentals.

    • Alex Gluyas

    This Month

    Former Fortescue chief scientist Bart Kolodziejczyk .

    Fortescue chief scientist fudged CV, court told

    Federal Court documents reveal a buried conflict within Fortescue’s ranks between Andrew Forrest and an Element Zero defector.

    • Brad Thompson
    Fortescue Metals chief executive Dino Otranto.

    Iron ore producers must learn from nickel: Fortescue boss

    Australia must invest heavily in green iron or risk losing out to international competitors, chief executive Dino Otranto warns

    • Tom Rabe
    Advertisement
    Fortescue executive chairman Andrew Forrest.

    Fortescue in-house lawyer issued spying instructions, court told

    Fortescue’s internal counsel personally reviewed the social media of an Element Zero defector to determine his location, according to an affidavit.

    • Brad Thompson
    The Fin - Peter Ker

    From evangelist to pragmatist: Andrew Forrest’s green hydrogen pivot

    This week on The Fin podcast, resources reporter Peter Ker on what this retreat means for the government’s green energy plans and Fortescue’s future.

    • Updated
    Noel Pearson.

    Noel Pearson appointed to Fortescue board

    This is the Indigenous leader’s first public move following his keeping a low profile since the defeat of the Voice to parliament referendum in October.

    • Tom McIlroy and Elouise Fowler

    July

    Andrew Forrest’s Fortescue was a stunningly good investment for some big backers.

    Fortescue plunge reveals huge shoes to fill

    Fortescue was fortunate to have such a sticky institutional backer for as long as it did. Now, it needs to find broader support.

    • Anthony Macdonald
    Investors may have lost faith in Andrew Forrest and Fortescue.

    Almost $2b of Fortescue shares hit the market in massive block trade

    It represents an 8.8 per cent discount at the lower end of the range.

    • Sarah Thompson, Kanika Sood and Emma Rapaport

    Surging iron ore mining costs plague Fortescue’s year ahead

    The Andrew Forrest-chaired resources giant says it expects to grow export volumes, but unit costs are also expected to rise by up to 9 per cent.

    • Updated
    • Peter Ker
    Andrew Forrest is the executive chairman of Fortescue and owns a sprawling renewables development business in Squadron Energy.

    Forrest’s private Windlab sells big wind projects to Fortescue

    The ASX-listed mining group has quietly taken ownership of two projects that were previously controlled by the billionaire’s private renewables developer.

    • Updated
    • Peter Ker and Brad Thompson
    For Sinead Booth, a commerce degree was the quickest way to get through university and into the workforce.

    This top exec reveals the secret to having it all

    Sinead Booth is one of the 2024 BOSS Young Executives. She first gained business experience helping with the books as a teenager at her father’s refrigeration business.

    • Sally Patten
    WA Premier Roger Cook has sought assurances from the federal government regarding any potential climate trigger.

    WA government, business warn against environment law deal with Greens

    The WA Labor government, business and miners argue demands by the Greens could jeopardise future investment in resources.

    • Tom Rabe and Phillip Coorey
    David Rowe editorial cartoon 25 September 2019. Greta Thunberg, Donald Trump, Scott Morrison, Wall Street, climate change, coal.

    Climate balance sheet reveals a dire bottom line

    Letters from readers on the climate debate; ANZ’s bonds scandal; energy wars; Fortescue job losses; remembering MH17 victims; and a post-election exodus from the US.

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    The Chanticleer podcast features James Thomson and Anthony Macdonald.

    No party for ASX at 8000 | CFMEU scandal spreads | Twiggy’s green hydrogen blow

    This week on the Chanticleer podcast, James and Anthony discuss the subdued reaction to the ASX hitting a historic high, react to recent CFMEU coverage, and explore Fortescue’s revised green hydrogen plans.

    Chamber of Minerals and Energy of WA chief executive Rebecca Tomkinson.

    Mining boss calls for policy changes with more jobs in danger

    The boss of WA’s peak resources lobby group says the Albanese government needs to step up to prevent more job losses.

    • Brad Thompson and Tom Rabe
    Richard White’s WiseTech has always been profitable.

    Nation’s richest boss ‘can’t find anything to invest in’ but WiseTech

    This year’s list is stacked with tech founders such as Richard White – and shows how divorces can force bosses down the ranks.

    • Patrick Durkin and Sally Patten
    Rich bosses: Richard White, Andrew Forrest, and Peter Wilson.

    The 10 wealthiest executives in the ASX 300 revealed

    The Australian Financial Review’s Rich Bosses list for 2024 is dominated by tech and mining executives and also welcomes a new face.

    • Euan Black
    Fortescue chairman Andrew Forrest has curbed his hydrogen ambitions.

    Albanese sticks to hydrogen despite Fortescue retreat

    Andrew Forrest ditching plans to produce 15 million tonnes of green hydrogen by 2030 has sparked questions over the government’s climate policies.

    • Andrew Tillett and Brad Thompson

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