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Fortescue Metals Group Ltd

Exploration, development, production, processing and sale of iron ore, and the transition to become the integrated green technology, energy and metals company.

FMG$22.045
 0.025 0.11%

Data last updated:Oct 26, 2023 – 1.07pm. Data is 20 mins delayed.

Overview

Previous Close

22.020

Open

21.980

Day Range

21.740 - 22.080

52 Week Range

14.500 - 23.870

Volume

1,743,672

Value

38,232,157

Bid

22.040

Ask

22.050

Dividend Yield

8.18%

P/E Ratio

8.70

Market Cap

67.860B

Total Issue

3,078,964,918

ASX Announcements

Market Sensitive

September 2023 Quarterly Production Report

First Quarter Activities Report

  • Oct 26, 2023
  • 4 pages

Notice of Annual General Meeting

Notice of Annual General Meeting, Proxy Form

  • Oct 20, 2023
  • 19 pages

Market Sensitive

Pilbara Operations Site Tour Presentation

Company Presentation, Progress Report

  • Oct 12, 2023
  • 55 pages

Notification of cessation of securities - FMG

Appendix 3H (Notification of cessation of securities)

  • Oct 11, 2023
  • 4 pages

Notification regarding unquoted securities - FMG

Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)

  • Oct 11, 2023
  • 6 pages

View all FMG announcements

Today

Fortescue makes slow start on push for fifth iron ore export record

Fortescue has refused to give up on a goal to set a fifth consecutive iron ore export record despite making a slow start to the new financial year.

  • 4 mins ago
  • Peter Ker

Yesterday

Mark Barnaba at Fortescue’s last AGM in Perth in November 2022.

AirTrunk calls in boardroom heavyweight amid IPO prep

Data centre tearaway AirTrunk has drafted in Fortescue deputy chairman Mark Barnaba to chair its board, just as it begins preparations for what could be a $10 billion IPO.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

This Month

Mining stocks are on track to record a third consecutive month of losses.

Mining stocks on track for third month of losses as China woes deepen

The ASX’s heavyweight materials sector is facing its longest losing streak since 2021 as worries about global growth offset the incredible run in iron ore.

  • Joanne Tran
Fortescue Metals chief executive Dino Otranto.

Rio, BHP and Fortescue at electrification crossroads

Iron ore miners in the Pilbara are under pressure to slash emissions and preparing to fork out billions on emissions-free trucks and renewables.

  • Brad Thompson
The new SA Government-owned hydrogen plant and storage facility to be built in a $593m project by ATCO and BOC Linde is located just 6km from Sanjeev Gupta’s Whyalla steelworks. (pictured)

ATCO and BOC Linde win $593m SA hydrogen job, Forrest misses out

Fortescue Future Industries will not be part of the construction of the world’s largest hydrogen plant near Whyalla.

  • Simon Evans
Advertisement
Billionaire spat: Andrew Forrest and Kerry Stokes.

Forrest reignites media bias row with fellow WA billionaire Stokes

Andrew Forrest and Kerry Stokes were due to come face-to-face at a black tie charity event in Perth on Saturday night.

  • Brad Thompson
Rio Tinto iron ore boss Simon Trott and Yindjibarndi Aboriginal Corporation chief executive Michael Woodley outside the former Victoria Hotel in Roebourne on Friday.

Rio Tinto in solar farm deal with Forrest foes

Rio Tinto is looking to a traditional owner group at war with Andrew Forrest to supply renewable energy to its iron ore operations.

  • Brad Thompson
Former CSIRO CEO Larry Marshall says Andrew Forrest is Australia’s greatest entrepreneur.

Fortescue ‘on track’ to achieve 2030 decarbonisation target

New board member Larry Marshall says he is convinced the company will achieve its goal, as it seeks to become a major supplier of prototype technology and machinery.

  • Brad Thompson
Wesfarmers chairman Michael Chaney was among high-profile corporate backers of the Voice.

How big business will handle a backlash over the Voice

Much of corporate Australia strongly backed the Voice. The result means they are reassessing how to address social issues as past of the ESG agenda.

  • Jennifer Hewett
Andrew Forrest

Forrest ‘lost and lonely’, but on track for $240m US hydrogen funding

Fortescue’s green hydrogen project proposed for a remediated coal mine in Washington state is in line for huge subsidies from the Biden administration.

  • Updated
  • Matthew Cranston
Andrew Forrest tests a hydrogen-powered car prototype at his new WAE facility in Oxford.

Andrew Forrest, motorsports mogul, revs up his British business

The Fortescue boss is using the intense competition of motor-racing to drive technical innovation at his mines. Just don’t expect to see him trackside.

  • Hans van Leeuwen
Jason Crusan, VP New Energy Solutions, Woodside.

The hydrogen market has evolved but customers still rare as ‘unicorns’

Liquid hydrogen is likely to be the “first mover” says Woodside, but customers are “unicorns,” says Peter Colman, the oil and gas major’s former CEO.

  • Elouise Fowler and Angela Macdonald-Smith
Fortescue green energy boss Mark Hutchinson.

Fortescue hunting more green energy after signing 25-year supply deal

The mining giant is a step closer to its Gibson Island green ammonia project after committing to a 25-year renewable energy offtake deal with Genex Power.

  • Updated
  • Brad Thompson
Fortescue’s Mark Hutchinson says the green hydrogen market will develop over time.

Fortescue keeps faith in its green hydrogen unicorn hunt

Peter Coleman says buyers willing to sign up for 10-year green hydrogen contracts are like unicorns. But Fortescue’s Mark Hutchinson insists they are out there. 

  • James Thomson

Getting to net-zero for heavy vehicles will be tough

While batteries may be best for passenger cars, heavy trucks will need hydrogen power to replace diesel and petrol.

  • Tony Davis
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Rio Tinto in $157m first shout for Simandou

Rio Tinto has demonstrated strong faith in its Simandou partners by providing $US100 million of liquidity to the project until formal funding deals are struck.

  • Peter Ker
Fortescue’s energy chief executive, Mark Hutchinson.

Fortescue becomes lead investor in $600m electrolyser firm fundraising

The investment in Electric Hydrogen builds on the company’s plan to become a manufacturer of the electrolysers that split water into hydrogen and oxygen.

  • Updated
  • Peter Ker
Former CWP Renewables CEO Jason Willoughby now runs Squadron Energy for Andrew Forrest (right).

Squadron in $220m loss as it digests CWP buy

The Forrest family’s energy vehicle purchased the $4.2 billion renewables giant in December. It says it is cash flow positive, and has had one-off deal expenses.

  • Primrose Riordan

Electric trucks may be 33pc less productive than diesel

Electric trucks will likely spend less time on the road and carry less rock than diesel competitors, forcing miners to spend big to offset productivity losses.

  • Updated
  • Peter Ker

September

Andrew Forrest’s father has died.

Billionaire Andrew Forrest mourns his father

Andrew Forrest led a horseback guard of honour for his father Don at the family’s cherished Minderoo cattle station in the Pilbara.

  • Brad Thompson

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