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The Latest Breaking News from Fortescue

Value of minerals irrelevant to compensation, says FMG

Valuers are giving evidence in a court case that will decide how much compensation Yindjibarndi people should receive for FMG mining on their land.

AAP

Electrolyser factory puts regional town on hydrogen map

The first manufacturing facility in Australia to build hydrogen electrolysers at a commercial scale has opened in Queensland.

AAP

FMG mine 'damaged' Yindjibarndi traditions, court hears

A long-running dispute between native title holders, the Yindjibarndi people, and Fortescue Metals Group is hearing from expert witnesses.

AAP

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Australian shares finish flat, missing Nvidia rally

The local share market finished basically unchanged, as Fortescue, Qantas, Medibank Private, Tabcorp, Lovisa, Nine Entertainment and others reported earnings.

AAP

Iron ore strength bankrolls emission-busting Fortescue

High prices and loyal Chinese demand for Fortescue Group's iron ore has delivered a stellar profit and cash pile to bankroll ambitious emission-busting plans.

AAP

Miners, banks give Australian bourse a little boost

The local stock market has finished up 0.1 per cent, as gains for BHP, Rio Tinto, Fortescue and the banks outweighed a big fall for Lendlease stock.

AAP

China's scrap steel fails to decimate iron ore price for now

China's tidal wave of steel scrap has failed to decimate the price of iron ore, which is good news for Australia's mining companies. According to Morgan St...

Top News

Aust shares near record high on second-last trading day

The local bourse has finished the day up 0.7 per cent, in need of just a 0.25 per cent gain on Friday to set a new record high.

AAP

Australian shares hit highest level in 20 months

The ASX200 has finished up 0.8 per cent and is closing in on its all-time high reached in August 2021.

AAP

Mining giant charges dropped over harassment documents

Fortescue Metal Group will spend $1.4 million combating sexual harassment in the mining industry after a workplace safety regulator dropped charges against it.

AAP

Mining firm digs Australia's first electric excavator

An Australian mine has deployed the nation's first electric-powered excavator, created as part of a plan to decarbonise mining operations.

AAP

Australian shares continue streak as US inflation eases

The local share market rose 0.3 per cent, with Fortescue and Rio Tinto hitting new highs while a drop in oil prices pressured producers.

AAP

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The Guardian - AU

Mining billionaire Andrew Forrest in scathing attack on oil and gas industry

Australian magnate-turned-green-evangelist says companies that don’t stop burning fossil fuels will have ‘blood on their hands’

The Guardian - AU

Afternoon Update: Hamas says truce is close; man charged with raping 90-year-old woman; and essential workers in rental stress

Qatar is leading negotiations between Hamas and Israel, while the war in the Gaza strip continues

AAP

Rio, BHP warned of investor pressure on steel emissions

Australia's largest diversified miners are being urged to come clean on the greenhouse gas emissions pumped into the atmosphere by the world's steelmakers.

The Independent UK

Reports show new Indonesian industrial park on Borneo, feted as 'green,'' will be powered by coal

An industrial park being built in Indonesia on the tropical island of Borneo that has attracted billions of dollars in foreign and domestic investment is damaging the environment in an area where endangered species live and migrate

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news in one place.

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The Guardian - AU

Afternoon Update: rental price pain worse than GFC; calls for Qantas fines; and India employs people to make monkey sounds

Households are spending 55% more on housing than they were in June 2005

The Guardian - AU

Atagi recommends additional Covid vaccine booster for people over 75 – as it happened

Health minister’s office confirms government has accepted expert body’s advice

The Guardian - AU

Fortescue’s CFO Christine Morris departs days after chief executive walks

Majority of executive team has left or shifted roles since 2021 with Morris’s resignation the 11th major change in less than three years

StockNews.com

2 Miner Stocks to Buy ASAP, 1 to Sell

Given the positive government initiatives and the swift expansion of the critical minerals market, the mining industry is anticipated to prosper in the foreseeable future. Given this backdrop, quality mining stocks Fortescue Metals Group (FSUGY) and Amerigo Resources (ARREF) could be solid portfolio additions now. However, beaten-down stock Lithium Americas…

The Guardian - AU

Iron ore giant Fortescue Metals targeted by Russian ransomware group

Australian mining company confirms hack occurred on 28 May but data disclosed ‘was not confidential in nature’

AAP

Twiggy investigated after anonymous letter to Fortescue

After an anonymous complaint, Fortescue Metals hired a law firm to investigate executive chairman Andrew Forrest, who was cleared of wrongdoing.

Newsroom.co.nz

Public investment to make NZ a 'first mover' in synthetic jet fuel

The Government is chipping in an initial $575,000 to investigate if the decommissioned Marsden Point refinery can be used to make green hydrogen for synthetic jet fuel – but the energy-intensive process would have to give back to NZ's electricity grid. Jonathan Milne reports.

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