fortescue metals news

Chief operating officer Greg Lilleyman outlined this approach at IMARC 2020, highlighting the company’s plan to complete infrastructure blending at Port Hedland. Get today's Fortescue Metals stock news. Fortescue announces development study into green ammonia plant in Tasmania. A new partnership between Fortescue Metals Group and Curtin University’s WA School of Mines will help shape the future of Australia’s mining workforce through a new forward-looking curriculum that meets the needs of the modern resources sector. Community Sentiment. Fortescue Metals Group today released its inaugural Climate Change Report, together with the annual Sustainability Report, detailing the Company’s progress on its social, safety and environmental performance for the 2020 financial year. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. HotCopper has news, discussion, prices and market data on FORTESCUE METALS GROUP LTD. Join the HotCopper ASX share market forum today for free. Fortescue’s values and culture highlighted at 2020 Annual General Meeting. ABB was chosen for its energy efficient motors and drives. No part of this site may be reproduced without our written permission. ... Smartlinks | Fortescue Metals Group Ltd. | News | Top Business and Economy News … Fortescue Metals Group recently celebrated the graduation of the latest Vocational Training and Employment Centre (VTEC) trainees, who will commence full time employment at the Company’s Eliwana, Solomon and Christmas Creek mine sites in roles spanning drill and blast, dewatering and fixed plant operations. - Fortescue Metals Group has successfully passed its first iron ore through the ore processing facility at the Eliwana mine and rail project in Western Australia. Latest Share Price and Events. 11 Nov 2020. (Add your “underperform” vote.) And we liked the look of last year's 46% year-on-year EBIT growth. Fortescue Metals Group is aiming to set itself apart from other major Australian iron ore producers with its integrated product strategy, targeting higher grade material. Around 300 students across the Pilbara have been provided the opportunity to test their skills against members of the Kookaburras and Hockeyroos, thanks to an ongoing partnership between Fortescue Metals Group and Hockey Australia. Get today's Fortescue Metals stock news. Fortescue statement regarding the Joint Standing Committee on Northern Australia interim report. Fortescue Metals Group has received 55.07% “outperform” votes from our community. Very large text size Fortescue Metals Group is on a collision course with the fossil fuels sector with a new green energy arm aiming to produce renewable energy at a global scale and cost comparative to traditional energy companies such as Chevron. It has been said that the important project will create around 2000 jobs during construction and will create 500 full time site positions as the team moves into operations. No part of this site may be reproduced without our written permission. Regardless, Fortescue Metals Group's ROE is speculated to decline to 16% despite there being no anticipated change in its payout ratio. The opportunity to complete her apprenticeship has been a lifechanging decision for Fortescue Metals Group’s latest CEO for a Day Jade Wilson, today stepping into the shoes of Chief Executive Officer Elizabeth Gaines for the release of the Company’s September 2020 quarterly production report. Fortescue Metals Group's stock was trading at $11.85 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Andrew Forrest's Fortescue Metals Group says it had no choice but to withhold royalties to a Pilbara Indigenous group after traditional owners declined to sign land access deeds. Fortescue Metals Group confirms it is investigating the development of a green ammonia plant in Bell Bay, Tasmania, which has been announced as a successful participant in the Tasmanian Government’s Renewable Hydrogen Industry Development Funding program. "We continue to expect strong market dynamics. Iron-ore miner Fortescue Metals has inked between $3-billion and $4-billion worth of memoranda of understanding (MoUs) with Chinese steel mills, procurement partners and financial institutions. Pilbara-based community organisations are invited to apply for funding of up to $5,000 under the latest round of Fortescue's community grants program. 29 Oct 2020 While many Australian exporters have tensely waited on news about trade sanctions from China, Fortescue Metals Group has inked deals with 12 partners. Find out more at Intelligent Investor All rights reserved. News S&P/ASX 200 trading at all-time highs around 6,920. on 10/1/20. During the COVID-19 pandemic, we have had to make difficult decisions including a temporary change to our roster to contain the spread of the virus. Fortescue Metals Group continues to support the work of Ronald McDonald House Charities WA, with a donation of digital tablets to ensure families can access important educational sessions for their children during the COVID-19 crisis. Fortescue Metals Group shareholders can take confidence from the fact that EBIT margins are up from 47% to 54%, and revenue is growing. 17 Nov 2020. Fortescue Metals Group has received 93 “underperform” votes. Share Price & News. Stable Share Price: FMG is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week. FMG | Complete Fortescue Metals Group Ltd. stock news by MarketWatch. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. on 22/1/20. Fortescue Metals Group has signed 12 Memoranda of Understanding with major Chinese steel mills, procurement partners and financial institutions on the sidelines of the third China International Import Expo, valued cumulatively in the range of US$3 to US$4 billion. Conclusion . Fortescue signs 12 Memoranda of Understanding at the China International Import Expo. The AGM will be webcast on Fortescue's website at www.fmgl.com.au and a copy of the presentations are attached. Reuters Thursday November 12, 2020 04:45 MELBOURNE, Nov 12 (Reuters) - Australia's Fortescue Metals Group pressured a state government body to fast track its application to damage two ancient rock shelters as part of an iron ore mine expansion in Western Australia, documents showed on … We cover the latest Fortescue Metals headlines and breaking news impacting Fortescue Metals stock performance - Page 2 Fortescue Metals Group is proud to be rated among the best companies internationally for supporting the development of female leaders, after it was included in the 2020 Best Companies for Women to Advance List. Fortescue Metals Group has successfully completed the White Ribbon Australia Workplace Accreditation Program, which recognises the Company’s ongoing commitment to addressing family and domestic violence. Hydrogen-powered coaches will be added to Fortescue Metals Group’s (Fortescue) fleet at its Christmas Creek operations in the Pilbara in a demonstration of the Company’s drive towards zero-emissions mobility. Fortescue Metals Group has awarded ABB a contract worth $35.6 million to provide water cooled variable speed drives and high voltage induction motors at its Iron Bridge project in Western Australia. Fortescue Metals Group (FMG) is adopting integrated planning systems and data analytics to uplift its finance function. Fortescue Metals Group announced today that it has signed a Memorandum of Understanding with Hyundai Motor Company (Hyundai) and the Commonwealth Scientific and Industrial Research Organisation to advance scientific collaboration and accelerate the development of renewable hydrogen technology. Get unlimited access to award-winning journalism from Western Australia's biggest newsroom with your subscription. Fortescue Metals Group team members across the Pilbara are being encouraged to have healthy conversations about mental health, as part of the Company’s annual mental health roadshow. Ticking those … Share. While Fortescue Metals Group does have more liabilities than liquid assets, it also has net cash of US$621.0m. Fortescue shares hit a fresh high of $21.81 on Wednesday, before closing at $21.80 for the day – up 34c from Tuesday. News Fortescue Metals shares gunning for all-time highs. Heavy Diesel Mechanic Apprentice Tristan Cole recently undertook a two-day hike in the Blue Mountains in New South Wales, as part of an inspirational event hosted by the Clontarf Foundation. How has Fortescue Metals Group's share price performed over time and what events caused price changes? MELBOURNE, Dec 9 (Reuters) - Australia's Fortescue Metals Group () sees strong iron ore demand next year on solid Chinese demand as well as a post-COVID-19 recovery in other markets, Director of Sales and Marketing Danoy Goeman said on Wednesday. Subscribe below to receive ASX announcements and updates. Fortescue Metals Group Ltd (FMG) Overview. Hydrogen-powered coaches will be added to Fortescue Metals Group’s fleet at its Christmas Creek operations in the Pilbara in a demonstration of the Company’s drive towards zero-emissions mobility. Obviously supply continues to be constrained. The news on the ground over just the past couple of days from Fortescue’s Chinese customers is that the ongoing strength in demand will lead to a further drawing down in Chinese inventory levels. Fortescue Metals Group has celebrated an important milestone with the completion of the Company’s Chichester Hub autonomous haulage project. Christmas Creek Superintendent Fixed Plant Planning Briohny Evans is a finalist in the Outstanding Operator/Technician/Trade Women in Resources Category at the 2020 Chamber of Mineral and Energy's Women in Resources Award. A high-level overview of Fortescue Metals Group Limited (FSUMF) stock. To assist some of our interstate employees, we have offered to temporarily relocate their families to allow them to remain together and be supported during these uncertain times. All rights reserved. MarketBeat's community ratings are surveys of what our community members think about Fortescue Metals Group and other stocks. Fortescue Metals Group Ltd. 12/10/2020 | Press release | Distributed by Public on 12/10/2020 00:17. This article is available to subscribers who have digital access included in their subscription. Fortescue Future Industries Pty Ltd, a wholly owned subsidiary of Fortescue has entered into a Deed of Agreement with the Government of the Republic of Indonesia. Fortescue Metals Group has signed 12 Memoranda of Understanding with major Chinese steel mills, procurement partners and financial institutions on the sidelines of the third China International Import Expo, valued cumulatively in the range of US$3 to US$4 billion. Fortescue Metals Group’s Vocational Training and Employment Centre program continues to pave sustainable career pathways for Aboriginal Australians, with the most recent group of graduates commencing employment at Christmas Creek. Fortescue advances hydrogen technology at Christmas Creek. View which … 9 Nov 2020. Fortescue Metals Group Ltd (Fortescue) (ASX: FMG) advises that Chairman, Dr Andrew Forrest AO and Chief Executive Officer, Elizabeth Gaines are addressing shareholders at the Annual General Meeting (AGM) at 10am AWST today. View the latest Fortescue Metals Group Ltd. (FSUMF) stock price, news, historical charts, analyst ratings and financial information from WSJ. Fresh from graduating from Fortescue Metals Group’s Trade Up program, Paul Clowry will step into the shoes of Chief Executive Officer Elizabeth Gaines as CEO for a Day for the release of the Company’s June 2020 quarterly production report. Latest News . We cover the latest Fortescue Metals headlines and breaking news impacting Fortescue Metals stock performance. Aug 17, 2020. Fortescue Future Industries Pty Ltd, a wholly owned subsidiary of Fortescue Metals Group Ltd, and the Government of Afghanistan have signed Deeds of Agreement to undertake studies for the development of hydropower and geothermal projects for green industries, as well as studies across a range of mineral resources. Fortescue Metals Group News & Media Declining Stock and Solid Fundamentals: Is The Market Wrong About Fortescue Metals Group Limited (ASX:FMG)? In total, we are pretty happy with Fortescue Metals Group's performance. Since then, FSUGY shares have increased by 125.7% and is now trading at $26.75. The 2020 Annual General Meeting of Fortescue Metals Group was held in Perth today, with shareholders having the option to attend the hybrid meeting in person or virtually. Fortescue Metals Group Limited (ASX:FMG) has once again climbed to a new record high of $22.580 today. View real-time stock prices and stock quotes for a full financial overview. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Fortescue Metals Group Ltd (Fortescue) (ASX: FMG) acknowledges the interim report of the Joint Standing Committee on Northern Australia Inquiry into the destruction of 46,000 year old caves at the Juukan Gorge in the Pilbara region of Western Australia. The current rally in the stock marked the third such rally taking the Company to another record highs. Probable explanation behind its considerable earnings growth has received 93 “ underperform ” votes since then, FSUGY have! 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