Fortescue Metals Group

Fortescue Metals Group is an Australian iron ore company with substantial holdings in the Pilbara region of Western Australia. It is the world’s no. 4 iron ore miner.

Fortescue hints at China stake interest

China and Australia have agreed to eliminate all Chinese tariffs on Australian resources and energy products. Photo: EPA

Fortescue Metals Group, Australia's third-largest iron ore miner, is "always receptive" to potential investment from domestic and foreign partners but is in no hurry to close a deal since it is in a good financial position, its chairman says.

Thursday, 18 June, 2015, 12:59pm

Hong Kong firm wins battle against Australia’s Fortescue over rail pricing

A train carrying iron ore rolls into Port Hedland on Australia's northwestern coast. Photo: AP

Fortescue Metals Group will be allowed to charge Brockman Mining only about half the price it was targeting to let the Hong Kong-based firm use its iron ore rail line, under a state regulator’s landmark ruling on Thursday.

13 Sep 2013 - 10:08am

Australia’s Fortescue holds back on rail stake sale as profit soars

Fortescue, the world’S no.4 iron ore miner, has a 67 per cent rise in half-year profit. Photo: Reuters

Australia’s Fortescue Metals Group, shored up by soaring iron ore output and deep cost cuts, has scrapped a September deadline for selling a stake in its port and rail business, spurning offers it has received so far.

22 Aug 2013 - 3:21pm

Fortescue weighs IPO for ore venture

Fortescue expects the iron ore price to fluctuate between US$120 and US$130 per tonne for the foreseeable future. Photo: Bloomberg

Chief executive Neville Power said in a media briefing at the Boao Forum yesterday that the group was studying the feasibility of an initial public offering of FMG Iron Bridge, an iron ore project it jointly develops with Baosteel in Western Australia.

8 Apr 2013 - 3:17am

Rating agency S&P says no respite for iron ore miners

Rating agency Standard & Poor's does not expect any relief for iron ore prices, possibly bringing pressure to bear on smaller producers. Photo: AFP

Global credit agency Standard & Poor’s said it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.

2 Oct 2012 - 2:14pm

Fortescue Metals a headache for Merrill

Fortescue has more than US$11 billion in debt. Photo: Reuters

The unexpected suspension of trading in the shares of Fortescue Metals last week is causing headaches for Bank of America Merrill Lynch (BAML), specialist publication Instanter reports.

18 Sep 2012 - 3:42am