Atlas Iron signs JV deals with Fortescue
August 6, 2008
Fortescue Metals Group has signed an agreement with Atlas Iron to earn up to an 87.5 per cent stake in the low-grade Abydos iron ore project in WA.
Fortescue looking to bulk up quickly
FORTESCUE Metals Group is about to embark on its next stage of expansion, confident that demand for iron ore will remain strong for more than a decade, and signalling that its initial focus will be on increasing production from its base in Western Australia's Chichester Ranges.
Fortescue ship refloated in Port Hedland
BHP Billiton says the grounding of a ship at the Port Hedland harbour illustrates why third parties should not be given access to its Pilbara rail network.
Fortescue to double iron ore production
FORTESCUE METALS is forging ahead with plans to more than double its annual production capacity to 120 million tonnes of iron ore a year.
Fortescue sets sail across the ditch
FORTESCUE METALS - the self-proclaimed "new force in iron ore" - is seeking to conquer new territory: New Zealand.
Rio railways may open to third parties
Fortescue Metals Group is a step closer to gaining access to railways in the Pilbara owned by BHP Billiton and Rio Tinto.
Brierty wins $33m Fortescue contract
Civil and mining contractor Brierty Ltd has won a $33 million contract to provide services to iron ore miner Fortescue Metals Group Ltd.
Fortescue expected to achieve target
Iron ore miner Fortescue Metals Group Ltd is expected to quickly achieve its ambitious production ramp-up to 55 million tonnes a year, analysts say.
Fortescue delivers on time
Andrew Forrest says he would welcome any Chinese firm as an investor, as Fortescue defies sceptics and loads its first iron ore.
Rio Tinto rail access could 'cost $30b'
Rio Tinto says it could cost Australia $30 billion over 20 years if the company's Pilbara railways in Western Australia are open to third party access.
Swan promises rail decision
THE federal Treasurer, Wayne Swan, has told Fortescue Metals he will make a firm decision on whether to allow it access to Pilbara railways owned by rivals BHP Billiton and Rio Tinto.
Fortescue shares smash $10 mark
Shares in Fortescue Metals raced through the $10 mark, propelling the wealth of Australia's richest man, Andrew ''Twiggy'' Forrest, beyond $10.2b.
Sinosteel plans $2.2b Fortescue stake
A Chinese steel company has confirmed its intention to buy at least a $2.2b stake in burgeoning miner Fortescue Metals Group.
WorleyParsons awarded Fortescue contract
WorleyParsons Ltd has been awarded a lucrative contract for the second phase expansion of Fortescue Metals Group Ltd's iron ore development project.
Fortescue wants to stay Australian
Iron ore miner Fortescue Metals Group executive director Graeme Rowley says the company wants to maintain its majority Australian ownership.
Orica to demerge consumer products
Orica Ltd plans to demerge its consumer products business into a separate company and raise up to $900 million through an entitlement offer.
Fortescue prepares first ore shipment
Fortescue Metals defies its sceptics and begins loading its first shipment of iron ore at Port Hedland for delivery to China.
WorleyParsons' billion-dollar solar plan
WorleyParsons is studying the construction of the world's biggest project producing power from the sun's heat, tapping incentives for renewable energy generation.
Baosteel eyes stake in Fortescue
BAOSTEEL Group, China's biggest steelmaker, will increase purchases of iron ore from Fortescue Metals Group and may buy shares in the Australian company.
Fortescue chair loses $20m in Opes saga
Fortescue Metals Group chairman Herb Elliott appears to have lost more than half of his $38 million fortune after the Opes Prime collapse.
Baosteel in 'slow waltz' with Fortescue
China's top steelmaker, Baosteel Group, is in a "slow waltz" to take a stake in new Australian iron ore producer Fortescue Metals Group Ltd.
Fortescue ready to test Port Hedland
Fortescue Metals Group's first iron ore shipment could set sail from Port Hedland in Western Australia as soon as Monday night.
Open Pilbara railways to Fortescue: NCC
An advisory body recommends three privately-owned Pilbara railways be opened up to Fortescue.
Fairfax moves to unwind margin loan
THE Fairfax Media director John B. Fairfax has unwound a margin loan over 159 million of the publisher's shares, which was believed to have prompted short-sellers to target the...
It's finally time for Fortescue to...
Australia's richest man, Andrew Forrest, is about to see the dream become a reality.