Fortescue

Fortescue profit plunges as China’s iron ore demand declines
Fortescue profit plunges as China’s iron ore demand declines
February 20, 2025
FORTESCUE’s first-half profit plunged by 53 per cent from the year before as demand for iron ore from the biggest consumer China softened.The slump in net income to US$1.55...
Australia’s Fortescue record Q1 iron ore shipments marred by cost pressures
Australia’s Fortescue record Q1 iron ore shipments marred by cost pressures
October 24, 2024
AUSTRALIA’S Fortescue, the world’s fourth-largest iron ore miner, on Thursday (Oct 24) posted a 4 per cent rise in its first-quarter iron ore shipments but flagged rising costs at...
Australia’s Fortescue record Q1 iron ore shipments marred by cost pressures
Australia’s Fortescue beats dividend payout view, shares rise
August 28, 2024
AUSTRALIA’S Fortescue reported a rise in annual profit on Wednesday (Aug 28), boosted by higher iron ore shipments from its Iron Bridge project, and announced a larger-than-expected final dividend,...
Australia’s Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
Australia’s Fortescue to step up energy spending despite job cuts
July 25, 2024
AUSTRALIA’S Fortescue said on Thursday (Jul 25) it will increase spending on its energy division to advance several new green hydrogen projects next year, disappointing analysts who had expected...
Australia’s Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
Australia’s Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO
July 17, 2024
FORTESCUE will reduce about 700 jobs, or 4.5 per cent of its global workforce, in a fresh restructuring round, the Australian miner said on Wednesday (Jul 17), as it...