Latest Fortescue Metals Group News

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.

Strategic Energy Resources has refined high-priority copper-gold drill targets at its Isa North Project using cutting-edge geophysical surveys and machine learning, setting the stage for a pivotal 2025 drilling campaign in a highly prospective Queensland region.