Fortescue Metals Group has celebrated an important milestone with the completion of the Company’s Chichester Hub autonomous haulage project. The AGM will be webcast on Fortescue's website at www.fmgl.com.au and a copy of the presentations are attached. Fortescue Metals Group (FMG) is adopting integrated planning systems and data analytics to uplift its finance function. 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. Get today's Fortescue Metals stock news. 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. How has Fortescue Metals Group's share price performed over time and what events caused price changes? Fortescue’s values and culture highlighted at 2020 Annual General Meeting. Fortescue Metals Group shareholders can take confidence from the fact that EBIT margins are up from 47% to 54%, and revenue is growing. Fortescue shares hit a fresh high of $21.81 on Wednesday, before closing at $21.80 for the day – up 34c from Tuesday. ABB was chosen for its energy efficient motors and drives. Fortescue statement regarding the Joint Standing Committee on Northern Australia interim report. Ticking those … Chief operating officer Greg Lilleyman outlined this approach at IMARC 2020, highlighting the company’s plan to complete infrastructure blending at Port Hedland. View the latest Fortescue Metals Group Ltd. (FSUMF) stock price, news, historical charts, analyst ratings and financial information from WSJ. In total, we are pretty happy with Fortescue Metals Group's performance. 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. HotCopper has news, discussion, prices and market data on FORTESCUE METALS GROUP LTD. Join the HotCopper ASX share market forum today for free. View real-time stock prices and stock quotes for a full financial overview. 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. 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. 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. 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. 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. And we liked the look of last year's 46% year-on-year EBIT growth. 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. All rights reserved. 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. The current rally in the stock marked the third such rally taking the Company to another record highs. News S&P/ASX 200 trading at all-time highs around 6,920. on 10/1/20. 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. Fortescue Metals Group Ltd (FMG) Overview. Fortescue Metals Group Ltd. 12/10/2020 | Press release | Distributed by Public on 12/10/2020 00:17. 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. 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 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. News Fortescue Metals shares gunning for all-time highs. 9 Nov 2020. Fortescue advances hydrogen technology at Christmas Creek. Regardless, Fortescue Metals Group's ROE is speculated to decline to 16% despite there being no anticipated change in its payout ratio. A high-level overview of Fortescue Metals Group Limited (FSUMF) stock. All rights reserved. While Fortescue Metals Group does have more liabilities than liquid assets, it also has net cash of US$621.0m. 17 Nov 2020. 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. Community Sentiment. Get today's Fortescue Metals stock news. Since then, FSUGY shares have increased by 125.7% and is now trading at $26.75. ... Smartlinks | Fortescue Metals Group Ltd. | News | Top Business and Economy News … Conclusion . 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 News & Media Declining Stock and Solid Fundamentals: Is The Market Wrong About Fortescue Metals Group Limited (ASX:FMG)? 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. 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. 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. Share Price & News. 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. Share. Fortescue signs 12 Memoranda of Understanding at the China International Import Expo. - 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. No part of this site may be reproduced without our written permission. 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 … Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. Fortescue Metals Group Limited (ASX:FMG) has once again climbed to a new record high of $22.580 today. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. 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