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WebNov 26, 2024 · Across 2024 it sold two parcels worth a total of $510 million, before this week’s sale which would have fetched somewhere around $650 million based on present … Web1 day ago · Ships waiting to be loaded with iron ore are seen at the Fortescue loading dock located at Port Hedland, in the Pilbara region of Western Australia December 3, 2013. Fortescue Metals Group Limited (often referred to as Fortescue Metals Group, FMG, or simply Fortescue) is an Australian iron ore company. As of 2024, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of more than 87,000 km in the Pilbara region of Western Australia, making … See more As of May 2024 Andrew "Twiggy" Forrest is chair and owns a third of the company. Elizabeth Gaines is currently the CEO of Fortescue, but Forrest will assume an 'Executive Chairman' role and in effect act as the CEO on an … See more The company has built a mine, a 260-kilometre (162 mi) private railway and a new port at Point Anderson (aka Herb Elliot Port) near Port Hedland. The Fortescue rail line has a flyover over the Mount Newman railway, and a crossing of the See more In 2024, Fortescue Future Industries was created to produce energy in several countries, starting with the 60 MW solar farm at … See more In August 2013, CEO Nev Power announced the company had achieved its target of awarding $1 billion in contracts to Aboriginal business by the end of 2013. Fortescue had made the commitment in 2011 to award $1 billion in contracts to businesses at least … See more The group has two main areas of operation located within the Pilbara region of Western Australia, the Chichester Hub and Solomon Hub. Plans to develop a third, Western Hub … See more As of June 2024 Fortescue has an operating fleet of seven ore carriers with an eighth currently in construction. Four of the carriers were built by the Yangzijiang shipyard in Jiangsu, China. The rest of the fleet is being built by Guangzhou Shipyard International See more Misleading and deceptive conduct court case In late 2004 and early 2005, Fortescue chairman and then-CEO Andrew Forrest made a series of … See more shaper heads for cabinet doors