Company Overview and News

FMG increases autonomous fleet

Fortescue Metals Group is expanding its fleet of autonomous haul trucks with the conversion of 100 vehicles at its Chichester mining hub, leaving the company with a fully driverless fleet.

FMG increases autonmous fleet

Fortescue Metals Group is expanding its fleet of autonomous haul trucks with the conversion of 100 vehicles at its Chichester hub, with the expansion set to leave the company with a fully driverless fleet.

Fortescue kick-starts autonomous expansion at Chichester Hub

Fortescue Metals Group’s first haul trucks fitted with Autonomous Haulage Technology (AHS) as part of its current expansion are now operating at the Christmas Creek site in the Pilbara.

Iron Ore Giant Says Miners Have Shut Gates on Adding New Supply - Bloomberg

2018-04-10 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Fortescue backs first Aboriginal-owned iron ore mine

Australian Aboriginal Mining Corp (AAMC) is on track to become Australia’s first Indigenous-owned iron ore miner.

Zacks Industry Outlook Highlights: BHP, Vale, Rio Tinto and Fortescue

2018-03-28 zacks
Chicago, IL – March 28, 2018 – Today, Zacks Equity Research discusses the Industrial Metals, including BHP Billiton Limited’s (BHP - Free Report) , Vale S.A. (VALE - Free Report) , Rio Tinto plc (RIO - Free Report) and Fortescue Metals Group Ltd. (FSUGY - Free Report) .

'Pioneering spirit': miners welcome review of industry

Australian mining companies and mining industry groups have welcomed the creation of a new resources industry taskforce that will be asked to find ways to cut red tape, attract more investment and build community support for the sector.

'Pioneering spirit': miners welcome review of industry

Australian mining companies and mining industry groups have welcomed the creation of a new resources industry taskforce that will be asked to find ways to cut red tape, attract more investment and build community support for the sector.

AAMC signs on FMG for Aboriginal-owned mine

Australian Aboriginal Mining Corporation chairman Daniel Tucker is confident the company will become the first Aboriginal-owned and operated iron ore miner this year, after signing a mine gate sales deal with Fortescue Metals Group.

Industrial Metals Stock Outlook - March 2018

2018-03-27 zacks
Industrial metals such as iron, aluminum and copper are essential to regular technology and infrastructure. President Trump’s promise to go on an infrastructure binge naturally provided a boost to the price of industrial metals last year. Growth in U.S. GDP and continued improvement in end-use sectors like automotive, aerospace and construction acted as tailwinds for metals. Consequently, mining companies’ earnings improved significantly, leverage ratios have come down and improvement was witnessed in their capital allocation plans.

Fortescue cuts iron ore price expectations

Fortescue Metals Group has cut the amount it expects to receive for its iron ore shipments this year, saying slow Chinese construction and the recent Trump-inspired trade war fears are weighing on forecasts.

Fortescue amends iron ore guidance

Fortescue Metals Group has updated its iron ore price guidance to reflect current price realisations approximately 65 per cent of the current Platts 62 CFR Index benchmark.

Clock is ticking on Turnbull’s tax cuts

Treasurer Scott Morrison says the government has no reason for panic as it chases support for its proposed corporate tax cuts. Needing just two crossbench votes in the Senate to see the legislation through, the government is racing to shore up its numbers ahead of the Easter break.

Turnbull government looks set to secure company tax rate cut

The federal government is optimistic it will pass a historic deal to cut the company tax rate for Australian businesses.

Turnbull’s ‘ridiculous’ tax cuts

Business chiefs have joined a growing group voicing their support for the Turnbull government's proposed company tax cuts, but the government still appears short of the crossbench numbers it needs to pass the bill. Some of Australia's largest businesses including BHP, EnergyAustralia and Fortescue Metals launched a last-ditch plea to senators to pass corporate tax cuts, promising to use the windfall to invest in the nation.

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