ASX trims losses, at three-week low close
Big banks and miners weigh on bourse. CBA shares fall on ‘vanilla’ result, lack of guidance. AMP up despite profit fall, chair exit. Seven ups guidance on Boral boost. Fletcher CEO and chair to leave.
Fortescue Metals
Pay packet envy could be the next PwC saga
As the Senate again turns the screws on PwC, the hearings also reveal just how many millions less Kevin Burrowes is enjoying being paid compared to CEO predecessor Tom Seymour.
Why our miners could transition into tech majors
Behind the current turmoil in the iron ore price, is the beginning of a potential mining revolution, led by BHP, Rio Tinto and Fortescue.
Fortescue staff exodus ramps up as Gunner quits
Andrew Forrest’s Fortescue Metals has suffered another high-profile departure with former Northern Territory chief minister Michael Gunner quitting the billionaire’s mining empire.
ASX falls from record; Fortescue exec quits
Another high-profile Fortescue empire departure. IGO hit by South32 royalties claim, broker downgrades. Business confidence falls. SkyCity ups AUSTRAC penalty provision.
Fortescue’s Queensland green hydrogen decision looms
The Andrew Forrest-controlled group is close to making a decision on whether to proceed with its biggest Australian green hydrogen project, amid woes at its Iron Bridge magnetite project.
Miners boost mixed ASX; Domino’s tanks
Profit warning prompts Domino’s downgrades. Delays at Fortescue project. Sayona falls on lithium mine review. Incitec lifts on capital return. ACCC supermarket inquiry announced.
Fortescue partner tumbles after $US1bn raising
Despite all of the hype, hydrogen is turning out to be a tricky business – as Plug Power, a key partner for Andrew Forrest’s Fortescue Energy – is finding out.
Which former Fortescue executive is joining Vulcan Energy to lead finance team?
A former Fortescue senior executive is joining Vulcan Energy to spearhead the financing strategy for a phased development of the world’s first zero-carbon lithium operation.
ASX a sea of red, down 1.1pc to four-week low
Consumer gloom continues, according to Westpac survey. Rio flags second-half China recovery. Lovisa, Seven, Super Retail hit by analyst downgrades.
Energy transition resource demand buoys big miners
The big miners are optimistic demand created by the energy transition will improve their prospects but agree government industrial relations policy is a thorn in their sides.
More buoyancy forecast for iron ore miners
Aussie commodity producers will be rallying for at least the next six months, according to latest market forecasts, as Fortescue works to resume its Pilbara rail operations.
CZR’s Pilbara deal nears as iron ore price surges
Mark Creasy’s resources portfolio was the kingmaker in lithium deals during 2023 and one of his iron ore plays is ready to open the dealmaking for 2024.
ASX200 closes in on record high
Australian shares continued to advance on Thursday as a rally in the materials sector pushed the benchmark to close just 14.6 points below its record high.
CEO Survey 2024 part 2: Cbus Fortescue to IAG
The Australian surveyed the nation’s top CEOs on inflation, energy and opportunities ahead for 2024. From Cbus Super to Fortescue to IAG, these are the responses from C-I companies.
EU chips in $330m for Fortescue’s green ammonia
Fortescue Energy boss Mark Hutchinson says a €200m ($330m) grant from the EU’s innovation fund puts the company a step closer to an investment decision on a Norwegian ammonia plant.
ASX 200 lifts; Fortescue at record high
Rio Tinto shares at highest since July 2021. NAB, CBA and ANZ see weak December for retail spending. Sigma investors back Chemist Warehouse merger. Markets await US Federal Reserve rate call.
Fortescue unveils green decisions but doubts grow
Fortescue has finally delivered its long-awaited investment decision on green hydrogen projects but it’s only served to heighten concern among the doubters.
Mining, decarbonisation and learning land $8m
A mining start-up based in Perth, a decarbonisation start-up and a tech learning platform which has built a three-week pathway to a $100,000 salary, have all raised new capital.
Forrest dismisses US lawsuit as ‘total non-event’
The lawsuit alleges Fortescue reneged on a deal to buy coal assets with a company owned by US hedge fund billionaire Paul Tudor Jones.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/6