Miner targets heritage site for project
Dozens of cultural heritage sites on Pilbara land could be impacted under a new push by iron ore miner Fortescue Metals Group.
Dozens of cultural heritage sites on Pilbara land could be impacted under a new push by iron ore miner Fortescue Metals Group.
Mining companies might need to factor in longer approval times when considering new projects, says FMG CEO Elizabeth Gaines.
The cash keeps rolling in for Fortescue Metals Group, with the Pilbara iron ore player receiving more than $US105 a tonne in the September period.
The destruction of the Juukan Gorge rock shelters by Rio in May triggered a firestorm of controversy.
Traditional owners say $1.9m in royalties was withheld from them over their refusal to sign mining tenure agreements.
An Indigenous group says Fortescue is “insensitive” for applying to mine in the same area where culturally significant caves were destroyed.
The miners say a moratorium on disturbing cultural heritage sites would disempower traditional owner groups.
China believes Australia has exploited the pandemic to force it to pay exorbitant prices for iron ore. And Xi Jinping is determined to teach us a lesson.
Agreements will enable feasibility studies into hydro power schemes that could lead to power exports to Australia.
David Forrest was a No 100 Squadron pilot, believed to have been shot down by the Japanese in Papua New Guinea in May 1943.
Andrew Forrest and FMG are considering a plan to revive a $5bn hydro power scheme in Papua New Guinea.
Strength in Woolworths and BHP helped the market to hold on to gains at the close, as Fortescue shares rose to new heights.
Fortescue Metals’ record profit, and higher dividend, comes as it ships more iron ore than ever before and prices soar.
The billionaire Fortescue chairman will pour big sums into his Minderoo Foundation after another big payday.
Iron ore miner Fortescue Metals Group has delivered a record result and declared a whopping shareholder payout.
WA Opera, Black Swan Theatre and the WA Ballet are among the groups to have benefited from a surge in the value of Fortescue shares.
Fortescue has smashed through production records, with high iron ore prices suggesting another bumper dividend.
In a rollercoaster session, the market started firmly higher, fell on reports of a new trade threat and finished the day near its lows.
The ASX slipped by 0.4pc but was supported slightly by strength in Fortescue and BHP, while Rio told shareholders China was back to ‘business as usual’.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/26