Brierty wins $33m Fortescue contract
August 15, 2008
Civil and mining contractor Brierty Ltd has won a $33 million contract to provide services to iron ore miner Fortescue Metals Group Ltd.
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.
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.
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 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.
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.
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.
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.
Babcock plunges further
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling almost a third in early trading.
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.
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.
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...
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 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.
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.
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 stock over recent weeks.
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.
Telstra to outdo profit guidance
Telstra is expected to do better than its guidance when it reveals its annual profit results this week, as it increases revenue from its Next G mobile services.
Qantas full-year profit up 44%
Qantas has increased its full year profit by 44.1 per cent but says it is starting to feel the effect of higher fuel costs amid an uncertain economic outlook.
Qantas passenger revenues up 4.3%
Qantas says its May group passenger numbers increased by 3.9 per cent over the previous year.
Crown reports $370.1m in profit
Casinos operator Crown Ltd says its Australian casinos have been trading satisfactorily since the start of the 2008/09 financial year.
Wesfarmers expecting solid growth
Coles owner Wesfarmers has delivered a 33.6 per cent rise in annual profit and expects solid growth again this year despite a tougher economic environment.