Fortescue iron ore shipments fall short after derailment
Australia’s Fortescue on Wednesday logged a larger-than-expected decline in third-quarter iron ore shipments, following a derailment of ore cars and weather disruptions that also led to a slight cut in its outlook for annual shipments.
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Fortescue partners with OCP Group for green energy development in Morocco
Australia’s Fortescue said on Monday it would form a joint venture with OCP Group to supply green hydrogen, ammonia and fertilizers to Morocco, Europe and international markets, as the iron ore miner looks to transform itself into a green energy superpower with a global footprint.
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Fortescue’s Forrest urges LME to separate ‘clean’ nickel contracts
The London Metal Exchange (LME) should classify its nickel contracts into “clean” and “dirty” ones to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday.
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Fortescue posts drop in second-quarter iron ore shipments
Australia’s Fortescue on Thursday posted a 1.4% fall in second quarter iron ore shipments, due to ongoing maintenance activities at some of its key projects in Western Australia.
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Fortescue gets 200 million euros for Norway green ammonia plant
Mining News Pro - Australia’s Fortescue on Friday said it received 200 million euros ($219.3 million) from the European Union (EU) for its Holmaneset Project, a flagship green ammonia plant in Norway.
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Fortescue to divert carbon offset funds to decarbonization
Mining News Pro - Australia’s Fortescue said on Friday it will divert funds that were allocated to carbon offsets towards decarbonization in a bid to achieve “Real Zero” by 2030.
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Fortescue to divert carbon offset funds to decarbonization
Mining News Pro - Australia’s Fortescue said on Friday it will divert funds that were allocated to carbon offsets towards decarbonization in a bid to achieve “Real Zero” by 2030.
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Fortescue brushes aside worries, says exits show resolute board
Mining News Pro - Executives at Fortescue Metals Group Ltd., who have held a series of investor meetings following a string of high-level departures, have brushed aside governance concerns and said shareholders welcomed the swift action
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Fortescue says executive exodus reflects green shift
Mining News Pro - A clutch of executive-level departures at Australian iron ore miner Fortescue Metals Group Ltd. is linked to the need to focus on its break into the green-energy industry, the company’s billionaire founder said.
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Fortescue executive rout continues as Debelle quits green unit
Mining News Pro - Guy Debelle, the former Reserve Bank of Australia deputy governor, resigned from the board of Fortescue Metals Group’s green energy unit on Friday, media reports said, continuing the run of abrupt departures by executives at the world’s fourth largest miner.
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Fortescue founder toys with reverse greenwashing
Mining News Pro - To lose one key member of a team in a week may be regarded as a misfortune; to lose two, though, as playwright Oscar Wilde might put it, looks like carelessness. Fortescue Metals has gone one further.
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Fortescue bolsters its board
Mining News Pro - Former head of CSIRO Dr Larry Marshall has joined the ranks at Fortescue as the company’s new non-executive director.
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Fortescue adds ex-CSIRO chief Larry Marshall to board
Mining News Pro - Fortescue Metals Group Ltd. added Larry Marshall, former chief executive of the Commonwealth Scientific and Industrial Research Organisation, to its board, the Australian Financial Review reported.
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Forrests’ separation will not affect Fortescue
Mining News Pro - Billionaire couple Andrew and Nicola Forrest have agreed to separate after 31 years of marriage, but have assured that the development will not impact their mutual business interests.
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Fortescue, PKKP people sign mine co-management deal
Mining News Pro - The traditional owners of the 46,000-year-old Juukan Gorge rock shelters have signed an a memorandum of understanding (MoU) with Fortescue Metals Group.
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Fortescue’s Iron Bridge to begin production this quarter
Mining News Pro - Australia’s Fortescue Metals Group on Friday confirmed its Iron Bridge project was on track to begin production at the end of the March quarter, realizing a key strategy to secure better prices for its ore.
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Outgoing Fortescue CFO discusses resignation
Mining News Pro - Ian Wells, who resigned from Fortescue Metals Group on Monday, has shed light on why he has departed the iron ore miner.
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Fortescue keeps women on the top job with Fiona Hick’s appointment
Mining News Pro - Hick, who began her mining career at Hamersley Iron in 1996, joins Fortescue at a time when the company is tapping into new commodities, such as critical minerals and rare earths.
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Fortescue raises annual shipments forecast amid inflation pain
Mining News Pro - Australia’s Fortescue Metals Group forecast higher iron ore shipments for the next fiscal year on hopes of a stronger performance at its Eliwana project, and logged record quarterly shipments despite a tight labour market and increased costs.
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Rio Tinto, Fortescue record profits near end on price view
Mining News Pro - Australian iron ore miners Rio Tinto and Fortescue Metals Group Ltd are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labour market.
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Rio Tinto, Fortescue record profits near end on price view
Mining News Pro - Australian iron-ore miners Rio Tinto and Fortescue Metals Group are unlikely to see a repeat of record profits booked in recent years as they face soaring costs, falling prices and a tight labor market.
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Forrest back at Fortescue helm to speed clean energy push
Mining News Pro - Billionaire Andrew Forrest will return to lead iron ore producer Fortescue Metals Group Ltd. under an overhaul of the firm’s management aimed at accelerating a push into clean energy.
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Fortescue Metals first-half profit drops 32% as costs weigh
Mining News Pro - Fortescue Metals Group Ltd, the world’s fourth-largest iron ore miner, said on Wednesday its first-half profit fell by nearly a third, hurt by higher material and labour costs due to the pandemic.
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Iron ore price jumps as Fortescue, BHP and Rio Tinto face labour shortage
Mining News Pro - The iron ore price jumped on Tuesday after Fortescue raised concerns over a labour shortage in Australia because of covid-19 curbs, which could hamper output and shipments.
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Fortescue reports rise in shipments but flags labour shortage
Mining News Pro - Australian iron ore miner Fortescue Metals Group on Tuesday posted a 2% rise in second-quarter shipments, but flagged pressures from strong demand for labour and resources, as well as supply chain constraints due to the pandemic.
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