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The Latest Breaking News from Fortescue

Afternoon Update: rental price pain worse than GFC; calls for Qantas fines; and India employs people to make monkey sounds

Households are spending 55% more on housing than they were in June 2005

The Guardian - AU

Atagi recommends additional Covid vaccine booster for people over 75 – as it happened

Health minister’s office confirms government has accepted expert body’s advice

The Guardian - AU

Fortescue’s CFO Christine Morris departs days after chief executive walks

Majority of executive team has left or shifted roles since 2021 with Morris’s resignation the 11th major change in less than three years

The Guardian - AU

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2 Miner Stocks to Buy ASAP, 1 to Sell

Given the positive government initiatives and the swift expansion of the critical minerals market, the mining industry is anticipated to prosper in the foreseeable future. Given this backdrop, quality mining stocks Fortescue Metals Group (FSUGY) and Amerigo Resources (ARREF) could be solid portfolio additions now. However, beaten-down stock Lithium Americas…

StockNews.com

Iron ore giant Fortescue Metals targeted by Russian ransomware group

Australian mining company confirms hack occurred on 28 May but data disclosed ‘was not confidential in nature’

The Guardian - AU

Twiggy investigated after anonymous letter to Fortescue

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

AAP

Public investment to make NZ a 'first mover' in synthetic jet fuel

The Government is chipping in an initial $575,000 to investigate if the decommissioned Marsden Point refinery can be used to make green hydrogen for synthetic jet fuel – but the energy-intensive process would have to give back to NZ's electricity grid. Jonathan Milne reports.

Newsroom.co.nz

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Unearth These 3 Miner Stocks in July

As we move towards renewable energy and more people opt for EVs, the mining industry is expected to thrive with the robust demand for critical minerals. With that in mind, I have evaluated quality miner stocks, Fortescue Metals Group Limited (FSUGY), Impala Platinum Holdings Limited (IMPUY), and Amerigo Resources Ltd.…

StockNews.com

Are These 3 Mining Stocks Winners?

As geopolitical tensions rise, the global demand for commodities, such as metals and minerals, remains robust. Therefore, would it be wise to invest in miners’ stocks Glencore plc (GLNCY), Fortescue Metals Group (FSUGY), and Amerigo Resources (ARREF)? Let’s find out….

StockNews.com

'Slap on wrist' for Rio Tinto and Fortescue after breaching environmental regulations in WA

Big mining companies Rio Tinto and Fortescue are revealed in Western Australia's parliament as those noted in a recent auditor-general report for breaching environmental regulations, with a lack of penalties or enforcement by government departments.

ABC News

Australian hydrogen in demand as South Korean manufacturers look to reach renewable energy target by 2050

As South Korea edges closer to being solely powered by renewables come 2050, the manufacturing industries of Australia's third-largest trading partner believe hydrogen gas is the answer to help reach its target.

ABC News

Australia risks losing billions to 'global vacuum' of talent: Twiggy

Andrew 'Twiggy' Forrest has asked for an even playing field to avoid talent being sucked overseas.

The Canberra Times

Andrew Forrest's Fortescue Metals Group set to buy Australia's biggest sheep station at Rawlinna, WA

Andrew Forrest's Fortescue Metals Group is set to acquire Australia's biggest sheep station, the million-hectare Rawlinna Station on the Nullarbor.

ABC News

Western Australia's biggest emitters increase carbon output 5 per cent year on year

Analysis by the ABC of the past six financial years of reported emissions, under the national safeguard mechanism, shows a 15 per cent increase in carbon dioxide released by major WA projects, and up 5 per cent on last year's figure.

ABC News

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Al Jazeera

Australia’s northwest braces for strongest cyclone in a decade

Cyclone Ilsa is predicted to gather strength before making landfall on Western Australia’s northern coast.

ABC News

Surge in medicinal cannabis use creates growing problem for WA's mining industry

Tom has been prescribed cannabis to help him sleep, but the FIFO worker's former mining employer said he could not use it and keep working on their sites. He's not alone.

AAP

'Business as usual' as Fortescue Metals dumps jobs

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.

AAP

Elders giving evidence in Fortescue compensation case

The Federal Court is holding on-country hearings in the case that will decide how much compensation Fortescue must pay the Yindjibarndi people of the Pilbara.

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ABC News

Bitter brawl between billionaires Andrew Forrest and Kerry Stokes boils over, with communications minister asked to intervene

A bitter scrap between two of Australia's richest men spills over, after mining magnate Andrew "Twiggy" Forrest accused fellow WA billionaire Kerry Stokes of abusing his media power to pursue his commercial mining interests.

ABC News

Fortescue founder claims signing Yindjibarndi royalty agreement risks creating 'alcohol disasters'

Fortescue Metals executive chairman Andrew "Twiggy" Forrest defends the failure to sign a mining compensation agreement with Yindjibarndi traditional owners in WA's north.

AAP

FMG reduces dividends amid green energy powerhouse push

Fortescue Metals has lowered dividend payouts as it repositions itself as a green energy powerhouse, with increased spending on decarbonisation projects.

AAP

Fortescue backs down in mines harassment stoush

Mining giant Fortescue Metals Group says it will provide documents relating to an investigation into alleged sexual harassment cases at its mine sites.

ABC News

Fortescue Metals Group defends not handing documents on alleged sexual harassment to WorkSafe, despite charges

Fortescue Metals Group says WA's safety regulator has no legal basis to ask for documents relating to sexual harassment at three of its mine sites, and it will not be pushed into releasing the private information of staff.

AAP

Mining giant faces charges over harassment documents

Western Australia's workplace safety regulator is prosecuting Fortescue Metal Group for allegedly failing to provide documents relating to harassment cases.

AAP

Fortescue lifts shipments of iron ore

Iron ore shipments rose to 49.4 million tonnes in the December quarter, a four per cent increase from a year earlier.

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