Fortescue Ltd shares down Friday, underperforms the Materials sector
Here is the latest company close update for Fortescue Ltd, FMG.
Fortescue Metals
Forrest axes US green hydrogen partnership
A hyped pact between Andrew Forrest’s Fortescue and a major US green hydrogen developer has been quietly dissolved, as developers pull back from projects following the election of Donald Trump.
Ex Fortescue Metals boss lands role with PE group
Elizabeth Gaines will be a senior adviser to a group looking to capitalise on critical minerals.
CBA, Fortescue lead ASX to 5 week low
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
Forrest’s Fortescue raises fresh doubts over green energy projects
Andrew Forrest-led Fortescue blames Donald Trump, European policymakers and the looming federal election as it thinks twice on green hydrogen projects.
ASX 200 hits 5-week low; $2.4bn for Whyalla Steelworks
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
Fortescue staff laments best read over bottle of scotch
There’s snark and banter and outrage over missing biscuits and a tampon dispenser. No wonder chief Dino Otranto says he fortifies himself with a bottle of scotch when reading staff replies to a cute little exercise Fortescue has started.
Red Hawk backs Fortescue’s $254m takeover offer
Red Hawk Mining managing director Steven Michael wants shareholders to accept Fortescue’s initial $1.05-per-share offer which will rise if it secures at least 75 per cent of the company.
Fortescue’s US hydrogen project on shaky ground
Donald Trump’s return to the White House casts more doubt over Fortescue’s ‘green’ hydrogen production plans in the US state of Arizona as it assesses its European and South American options.
ASX dips; Myer-Premier merger given nod by shareholders
ASX down after most US stocks fell. Department store chain, Premier shareholders show huge support for merger. Bain boosts Insignia offer to $4.60 per share. Evolution drops on downgrades. Fortescue ships record amount of iron ore.
ASX 200 ends up 0.3pc up as most sectors rise
Australia’s stock market rises for a fourth day running, setting three week intraday and daily closing highs as gains in most sectors outweigh falls in iron ore miners. Morgan Stanley says Aussie bank share prices ‘not justified’. IDP Education up on Macquarie upgrade. WiseTech’s new buy. Nvidia hits record.
What’s really going on with Fortescue’s ‘remarkable’ African mine
Touted as a ‘remarkable’ project that would be the envy of its peers, sources close to Fortescue’s iron ore mine in Gabon say staff have been stood down. So other than a token first shipment, what’s happening at the $320m project?
Fortescue claims green iron lead over Rio, BHP
Fortescue says it will be producing green iron from a pilot plant in WA before its bigger rivals BHP and Rio Tinto have even worked out whether to push ahead with their own version.
Big solar farm for Forrest’s Fortescue operation
Andrew Forrest’s Fortescue plans to build all the renewable energy assets it needs to decarbonise its WA iron ore operations over the next five years.
Fortescue strikes $618m deal with Chinese machinery maker
Fortescue will spend up to $US400m ($618.2m) on equipment from Xuzhou Construction Machinery Group as it hedges its bets on the electrification of its mining fleet.
‘Green’ metal start-up lodges court appeal against Fortescue raid
Element Zero has lodged an appeal against a judge’s decision to let mining giant Fortescue seize millions of files from the homes and offices of its staff as part of an intellectual property fight.
How F1 secrets are powering fast charging at Fortescue
The key to Fortescue electrifying its haul fleet lies in the purchase of an F1 team offshoot where tech like charging trucks in seconds is ‘just the beginning’.
China strong enough to survive US trade war: Forrest
The mining magnate has stressed China’s ‘horsepower’ means trade will be healthy despite US election results, while outlining Fortescue’s future green energy plans.
ASX lifts on US election excitement; Fortescue avoids second strike
Local bourse rises strongly on broad gains. Future Fund puts MinRes on notice over Ellison ‘mistakes’. Fortescue to lean on government to help with green energy costs. Domain’s disappointing update weighs.
Fortescue execs face bonuses backlash
Fortescue intends to grant performance rights regardless of whether shareholders vote down the move at the company’s annual meeting in Perth on November 6.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals