Fortescue Metals Group Stock News

Fortescue Metals Group Ltd , the world''s fourth-largest iron ore miner, said on Wednesday its first-half profit fell by nearly a third, hurt by higher material and labour costs due to the pandemic.

(Reuters) – Fortescue Metals Group Ltd, the world’s fourth-largest iron ore miner, reported a 32% fall in first-half profit on Wednesday, hurt by higher material and labour costs due to the COVID-19 pandemic.

Second-half results from the Australian mining triumvirate of Rio Tinto, BHP and Fortescue are likely to draw a grim picture of a sharp drop in iron ore prices and demand from top metals consumer China. Half-year 2021 earnings at Fortescue, a pure-play iron ore miner, will likely drop by roughly a thir

Fortescue Metals Group has been hit by the loss of another two senior executives, including a key member of its finance team, extending the dramatic executive exodus from the iron ore major.

Fortescue Metals Group has proposed to construct a 5.4 gigawatt renewable energy hub in WA to fulfil its net-zero promise by 2030.

S&P Global Ratings has assigned Fortescue Metals Group Limited (ASX:FMG) an ESG evaluation score of 66. The company is the fourth-largest iron ore producer globally, with 182.2 million tonnes shipped from its three mining hubs in the Pilbara region of Western Australia during the year ended 30 June 2021. The score reflects Fortescues robust ESG []

Fortescue Metals (FSUMF) agrees to acquire Williams Advanced Engineering from P-E firm EMK Capital and Williams Grand Prix Engineering for ~$223M, gaining access to battery technology

Fortescue Metals says the deal will help it to achieve its target to be carbon neutral by 2030.

Australian Stock News 2022: ELLIOTT WAVE ANALYSIS; ASX 200 Index, AUDUSD, CBA, XMJ, BHP, RIO & FMG Technical Analysis Elliott Wave Trading Strategies.

What''s the lowdown of the company''s latest milestone achievement? The post This week, Fortescue (ASX:FMG) produced its own hydrogen for the first time. What does this mean? appeared first on The Motley Fool Australia .

Fortescue Metals Group Limited (OTCMKTS:FSUMF)s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.26 and traded as low as $14.00. Fortescue Metals Group shares last traded at $14.19, with a volume of 19,648 shares. A number of research analysts have recently weighed []

Independent global not for profit organisation, Amira, says its global members are set to reap significant benefits from the finalisation of the Industry 4.0 interoperability project P1208 undertaken in Perth, Western Australia. The Interoperability Enablement for Natural Resources project concluded in November and was sponsored by miners South32, Fortescue Metals Group and Gold Fields Australia.[] The post Amira Industry 4.0 interoperability project highlights digital mine opportunities appeared first on International Mining .

We take a look at some of the big events slated for Fortescue in 2022 The post Own Fortescue Metals (ASX:FMG) shares? Heres what to watch in 2022 appeared first on The Motley Fool Australia .

Overview The push for a greener economy has led the American and Canadian governments to identify more than 30 minerals as critical commodities. The US government has called for the development of a local supply chain of certain critical minerals –– including battery and platinum-group metals –– that are needed to meet the surging demand from green energy needs. When it comes to sourcing battery and platinum group metals, one type of deposit stands out as a key target. Platreef-style deposits are massive in scale and feature disseminated nickel and copper sulfide mineralization that is enriched with platinum-group elements (“PGE”), gold, chrome, and more. These occur stratigraphically below the high-grade reef-style deposits typically associated with South African PGE mines which are the dominant global source of platinum group metals. Whereas these reef deposits are narrow and require high-cost selective mining methods, the wide widths of Platreef-style deposits are amenable to low-cost bulk tonnage mining methods, resulting in much lower operating costs.

Fortescue Metals Group has pledged $750,000 to provide training, professional development and support for telephone crisis supporters under a three-year partnership with Lifeline WA.