The Western Australian government and the Young Ngarrangurn People have launched an appeal against a recent court decision regarding compensation payments owed to Indigenous landowners by the Fortescue Metals Group.
An Australian Indigenous community has formally appealed a court decision regarding compensation for environmental and cultural damage caused by Fortescue’s mining operations on traditional lands. The legal challenge underscores ongoing disputes over land rights and corporate accountability in resource extraction.
Fortescue has reached a settlement with the Queensland government regarding a $66 million lawsuit over a failed hydrogen electrolyser facility in Gladstone. The agreement resolves the dispute concerning the project.
Fortescue Ltd.’s full-year profit declined despite strong iron ore prices, as the company faced persistent challenges from China’s property slowdown and ongoing negotiations with its state-backed buyer.
Iron ore prices are advancing following reports that China Mineral Resources Group (CMRG) may block some deliveries from Fortescue. This potential disruption to supply is influencing market dynamics and pushing prices higher.
CMB.Tech and Fortescue have signed a charter deal for up to 12 ammonia-capable bulk carriers, signaling a move towards more sustainable shipping solutions.
Fortescue has reported record iron ore shipments, coinciding with ongoing price negotiations with China, highlighting strong performance in the commodities market.
The Australian iron ore miner is considering raising approximately 3 billion yuan ($446 million) through a landmark bond offering in China, navigating geopolitical headwinds to access local capital markets.
Australian mining giant Fortescue has placed a senior executive on leave while an internal investigation into workplace misconduct allegations proceeds.
Fortescue Metals Group is defending its decision not to stand down a key executive accused of sexual harassment, while an independent legal firm investigates the claims. The company reported 29 cases of sexual harassment or discrimination last year, resulting in 11 worker dismissals.
Fortescue Ltd. Executive Chairman Andrew Forrest called for China and Australia to 'always negotiate fairly' as the miner faces pressure from Beijing's state-backed iron ore buyer over stalled supply negotiations.
The Yindjibarndi traditional owners in Western Australia are considering an appeal against a federal court ruling regarding a $150 million native title payout from mining giant Fortescue, deeming the decision 'unsatisfactory'.
Fortescue Metals Group announced increased spending on green energy initiatives while keeping its shipment forecast steady. The move signals the company's commitment to sustainable practices alongside
Australian mining giant Fortescue has announced an ambitious goal to eliminate the use of fossil fuels at all its mines by the year 2028. This initiative is part of the company's broader commitment to decarbonization and sustainable operations.
An Australian Indigenous community is pursuing a $1.8 billion appeal against a recent court ruling regarding compensation from Fortescue Metals Group. The legal challenge centers on historical land rights and resource extraction impacts in Western Australia.
Australian mining billionaire Andrew Forrest, founder of Fortescue, has acquired Oaktree Capital's 16.8% stake in a tungsten miner, leading to a significant surge in the company's stock.
Shares of Fortescue fell significantly after reports emerged that China is implementing restrictions on iron ore shipments, impacting the Australian mining giant's market performance.
Female workers at Fortescue's remote mine sites have filed a class action lawsuit alleging sexual harassment, with claims including finding a man in a room and being 'howled' at, as heard in federal court.
Australian mining company Fortescue has been ordered to pay a significant sum, reported between $108 million and $150 million, to the Yindjibarndi traditional owners. This payment is for damages to their land and represents a record native title payout.
Fortescue Metals Group has initiated an advertising campaign to protest what it calls billion-dollar diesel tax 'handouts' benefiting other mining companies. The campaign highlights a contentious issue within Australia's mining sector.
Andrew Forrest, Chairman of Fortescue, has called on China to bring an end to the ongoing iron ore price war, highlighting concerns over market stability.