Fortescue to double iron ore production
August 11, 2008
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 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 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.
Atlas Iron signs JV deals with Fortescue
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.
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.
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.
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.
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.
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.
Australia approves Chinalco's stake...
Australia has approved Aluminum Corp. of China Ltd.'s stake in miner and takeover target Rio Tinto Ltd., Treasurer Wayne Swan said Sunday.
Rio Tinto to invest $2.15 bln in...
AFP - Anglo-Australian mining giant Rio Tinto announced Wednesday that it will invest 2.15 billion US dollars in a major expansion of its iron ore mine in Corumba, Brazil.
Rio Tinto says it is comfortable with...
Mining giant Rio Tinto on Wednesday sought to allay concerns about its debt levels a day after bigger rival BHP Billiton abandoned a takeover bid for that reason, sending Rio's...
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...
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.
Babcock & Brown shares dive on fee flow fears
Babcock & Brown, the worst- performing stock on the MSCI Asia-Pacific Index, fell on concerns that credit market turmoil may cut proceeds from asset sales to reduce debt.
BHP Billiton abandons bid for Rio Tinto
BHP Billiton Ltd., the world's biggest mining company, abandoned a hostile $68 billion takeover bid for rival Rio Tinto Ltd., blaming the global economic downturn and plunging commodity prices.
Rio Tinto to buy ore from mine in WA
Rio Tinto has signed an agreement to purchase ore from a junior explorer as the mining giant seeks to prevent third parties gaining access to its railway in WA.
Open Pilbara railways to Fortescue: NCC
An advisory body recommends three privately-owned Pilbara railways be opened up to Fortescue.
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.
Rio Tinto posts record half-year profit
Rio Tinto Ltd., the world's third-largest mining company, said Tuesday that half-year profit more than doubled to a record on strong demand from China for iron ore and other...
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.
BHP Billiton and China's Baosteel...
BHP Billiton said Friday it has reached agreement with China's Baosteel on prices for iron ore deliveries, securing increases of up to 96.5 percent after protracted negotiations.