Latest Fortescue Metals Group News

Fortescue Metals Group delivered record iron ore shipments in FY25 alongside a rare cost decline, while recalibrating its green energy ambitions and maintaining a strong financial position.

Fortescue Metals Group announces a strategic leadership reshuffle, appointing Agustin 'Gus' Pichot as CEO to spearhead its green energy and decarbonisation initiatives amid evolving market dynamics.

Fortescue Metals Group updates on the Iron Bridge magnetite project, projecting a steady ramp-up to full capacity by FY28 with operational improvements driving production and cost efficiencies.

Sparc Technologies is progressing its innovative green hydrogen pilot plant and graphene-based anti-corrosion trials, supported by a recent A$2.7 million capital raise to accelerate commercialisation and R&D.

RareX Limited has won a $175,000 government-backed drilling grant to advance exploration of significant gallium mineralisation at its Khaleesi Project in Western Australia, underpinning the project’s critical minerals promise.

Australian Critical Minerals reports significant high-grade iron ore discoveries at its Pilbara Shaw and Cooletha projects, while strategically withdrawing from rare earths to concentrate on iron assets.

Fortescue Metals Group reported record iron ore shipments for the nine months to March 2025, alongside strategic acquisitions and progress in green energy projects.

Australian Critical Minerals reports significant high-grade iron ore results from its Shaw and Cooletha Projects in the Pilbara, highlighting strong Direct Shipping Ore potential and strategic leadership additions.

Magnum Mining and Exploration Limited moves forward with acquiring two promising rare earth element projects in Brazil while progressing negotiations on a green pig iron venture in Saudi Arabia.

Equatorial Resources reports robust December quarter results, highlighting promising iron ore exploration in Guinea and gearing up for a pivotal arbitration hearing against the Republic of Congo in March 2025.

Magnum Mining & Exploration Limited has extended its due diligence period for acquiring Palmares Estudos Geologicos LTDA, aiming to complete by March 31, 2025, amid regulatory and ESG documentation delays. The company plans a capital raise to support development of its substantial rare earth projects in Brazil.

Fortescue Metals Group has delivered its highest ever half-year iron ore shipments of 97.1 million tonnes, alongside a notable 10% reduction in hematite production costs, underscoring operational strength and advancing decarbonisation efforts.