The Latest Breaking News from Fortescue Metals

More mining giants may clean up their operations if the government capped generous credits on diesel fuel and incentivised green projects, a report finds.

China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.

After an anonymous complaint, Fortescue Metals hired a law firm to investigate executive chairman Andrew Forrest, who was cleared of wrongdoing.

Fortescue Metals has become the latest company to announce job cuts, although a spokesman said it was "business as usual" and part of the firm's growth.

The mining giant says it will hand over documents that detail allegations of sexual harassment to WorkSafe, but will remove the names of the employees involved.

The Yindjibarndi traditional owners won a landmark native title case in the Pilbara in 2020 in a David-and-Goliath battle with mining giant Fortescue Metals Group, however, negotiations over royalties for mining iron ore on their land fell through. Now they are launching legal action against FMG for compensation.

Mega-rich figures such as Andrew Forrest spend billions on climate change solutions while adding to carbon emissions.

Fortescue Metals' first-half profit fell after Chinese steel-makers bought less iron ore and the price of the commodity dropped.

The Australian share market rises in afternoon trade, soaring oil and gas prices boost Santos' profit, while Fortescue Metals, CSL and Treasury Wine Estates reveal the impact of COVID-19 on their earnings.