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The Latest Breaking News from Fortescue

Aussie shares plunge to five-week low on weak earnings

The ASX200 finished down 1.2 per cent on its biggest day of earnings season, with heavy losses for the big four banks, Fortescue and Goodman Group.

Fortescue profit slumps on weak iron ore prices

Fortescue profit slumps on weak iron ore prices

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

Aboriginal group seeks $1.1bn in damages over Australia mining project

Aboriginal group seeks $1.1bn in damages over Australia mining project

The Yindjibarndi Ngurra Aboriginal Corporation filed the landmark case against Western Australia’s state government.

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Community, Country 'ruptured' over iron ore mine damage

Traditional Owners are seeking $1.8 billion from an iron ore miner over economic loss and cultural damage at a Pilbara mine site.

Cultural landscape 'obliterated' at mine, court told

Traditional owners seeking compensation from iron ore miners have been effectively "locked out" of their Country, a court has been told.

Cyclone Zelia makes landfall in Western Australia as residents told its ‘too late to evacuate’

Rapidly intensifying to the highest Category 5 level, Zelia packed wind speeds of up to 290kmph

The Independent UK

Australian shares close out 2024 with more losses

The ASX200 dropped 0.9 per cent on the final day of trading to finish 2024 up 7.5 per cent - an underperformance compared to its global peers.

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Multi-billion dollar price tag revealed to go nuclear

Multi-billion dollar price tag revealed to go nuclear

The federal opposition would make taxpayers fork out the combined equivalent of Facebook founder Mark Zuckerberg's wealth to set up nuclear reactors.

Aussie shares fall again, hit nearly three-week low

Aussie shares fall again, hit nearly three-week low

The ASX200 has again finished down and one analyst says if it drops much further, that would trigger a significant pullback.

Trucks, trains and dozers drive Fortescue's 'real zero'

Trucks, trains and dozers drive Fortescue's 'real zero'

Iron ore billionaire Andrew "Twiggy" Forrest says he intends to silence the naysayers with profitable patented green technology to save the planet - and mining.

Miner destroys more than a hundred Aboriginal sites

Miner destroys more than a hundred Aboriginal sites

An Indigenous group suing Fortescue says new evidence shows the iron ore giant destroyed half of the Aboriginal sites on a Pilbara mine.

Miner's ex-staff defend disputed tech after court loss

Miner's ex-staff defend disputed tech after court loss

Former Fortescue researchers being sued for intellectual property theft maintain searches of their homes and businesses were "massive over-reach" by the miner.

Fortescue 'doubling down' on green iron despite leaks

Fortescue 'doubling down' on green iron despite leaks

Mining giant Fortescue pledges to create a green metals industry grounded in Australian ore and renewable energy, after pulling back on championing hydrogen.

Australia won’t have ‘green steel’ to itself. Africa is poised to become a global hub

Australia won’t have ‘green steel’ to itself. Africa is poised to become a global hub

Australia is at the forefront of efforts to turn steelmaking green.

The Conversation

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Fortescue slams 'cynical distraction' in IP-theft case

Directors sued for allegedly using Fortescue secrets in their own startup filed a "monumental waste of time" to avoid defending the lawsuit, a judge has heard.

'Bad faith': Fortescue spars with rival over spying

Fortescue has vehemently rejected claims it had "unclean hands" after surveilling former employees accused of stealing confidential green iron trade secrets.

Firm digs in for fight over 'Fortescue secrets' theft

A firm accused of stealing Fortescue's trade secrets is challenging an "unduly extensive" order for the seizure of items from its premises and directors' homes.

Buckle up: Fortescue plunge takes shares on bumpy ride

The ASX200 finished down 0.5 per cent after slipping more than twice that in early trading, while Fortescue Metals fell to a 20-month low.

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The Guardian - AU

Is Andrew Forrest’s energy dream in peril? The future of green hydrogen in Australia explained

Fortescue announced 700 job cuts this week in a bid to remain ‘lean’. So what does it mean for green hydrogen?

The Conversation

Fortescue has put its ambitious green hydrogen target on hold – but Australia should keep powering ahead

Australian mining and energy giant Fortescue announced late on Wednesday that its ambitious green energy goal – to produce 15 million tonnes of renewable hydrogen annually by 2030 – will be placed on hold.

Newcastle Herald

Liddell green hydrogen hope still alive despite Fortescue exit

Liddell green hydrogen vision still alive despite setback.

The Guardian - AU

Forrest says Fortescue still committed to hydrogen despite job cuts – as it happened

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'Gutted like a fish': Forrest on Fortescue job losses

Andrew Forrest says the Fortescue Group will continue to pursue its green hydrogen plan despite slashing 700 jobs in a bid to cut costs.

The Guardian - AU

Andrew Forrest’s Fortescue slashes 700 jobs in restructure

Australian mining company announces global cuts saying it must ‘continually evolve to ensure it remains lean’

The Independent UK

Chinese premier focuses on critical minerals and clean energy during Australian visit

Chinese Premier Li Qiang is ending his Australian tour in the west coast city of Perth where he will focus on China’s investment in critical minerals and clean energy

People

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