Fortescue agrees to buy Alta for $139M in copper push
Australia’s Fortescue (ASX: FMG) agreed to buy all of Peru-focused explorer Alta Copper (TSX: ATCU; US-OTC: DNCUD) in a C$139 million ($101 million) deal that accelerates a pivot into copper…
Fortescue
Fortescue ends court dispute with former execs
Australia’s Fortescue (ASX: FMG) has agreed to settle its high-stakes lawsuit accusing former executives of stealing company data to build their green iron start-up Element Zero. The iron ore miner had…
Fortescue’s Forrest doesn’t get critical minerals hype
Fortescue (ASX: FMG) founder and executive chairman Andrew Forrest said on Friday he’s advancing critical minerals projects despite not understanding the “fuss” surrounding the strategic metals. Speaking at Fortescue’s annual…
Miners call on Australian government to lift productivity
The Australian Labor Party has been given a strong mandate to lead the country, with mining bosses calling for the government to strengthen policies for the resources sector
Shock exit: Rio Tinto CEO Stausholm to step down
Rio Tinto (ASX, LSE: RIO) announced on Thursday the unexpected exit of CEO Jakob Stausholm later this year, ending a nearly five-year tenure marked by efforts to restore trust with…
Fortescue delays Iron Bridge full output to 2028
Australia’s Fortescue (ASX: FMG) has pushed back full operations at its $3.9 billion Iron Bridge project to 2028, five years later than initially projected, citing continued technical challenges and the…
Site visit: Native Mineral seeks Forrest-inspired phoenix at Blackjack in Australia
Native Mineral Resources (ASX: NMR) only recently acquired its primary asset in Queensland, but it has set an aggressive schedule to restart production. The Sydney-based explorer bought the Far Fanning…
Site visit: NMR seeks Forrest-inspired phoenix at Blackjack in Australia
Native Mineral Resources (ASX: NMR) only recently acquired its primary asset in Queensland, but it has set an aggressive schedule to restart production. The Sydney-based explorer bought the Far Fanning…
Fortescue cuts 700 jobs, slows down green hydrogen plans
Fortescue (ASX: FMG) plans to cut about 700 jobs, or 4.5% of its global workforce, as part of a new restructuring push that will see the Australian iron ore miner scale…
Sixth Fortescue executive quits in less than a year
Fortescue‘s (ASX: FMG) global growth director, Julie Shuttleworth, has become the sixth senior executive to leave the company in less than a year, after spending more than a decade at…
Rio Tinto reports another autonomous train crash in Australia
Rio Tinto (NYSE: RIO; LSE: RIO ASX: RIO) said on Monday that one of its fully loaded autonomous iron ore trains had crashed with a set of stationary wagons in…
Fortescue begins building Arizona green hydrogen plant
Australia’s Fortescue (ASX: FMG) has begun building its first “green” hydrogen plant in Arizona, which is expected to produce up to 11,000 tonnes of the element annually, aimed at decarbonization…