The company has holdings of more than 87,000 km in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP Billiton and Rio Tinto. Les Echos » More business descriptions and market shares for Fortescue Metals Group Ltd. It is one of the leading producers and sea-borne traders of iron ore in the world. For more information about fees and costs, please see the
The peer calculation is inclusive of admin and management fees; excludes brokerage and no withdrawals have been made. Fortescue Metals Group is an Australia-based iron ore miner. Email is required. In 2003, The Metal Group Pty Ltd, the Company's majority shareholder, took over Allied Mining & Processing. Fortescue Metals Group Ltd (FMG) Overview. * InvestSMART's capped Management Fee (capped at $451p.a.) It raised $504,000,000 institutional equity placement in July 2007 and joined S&P/ASX 100 index in August 2007. View our Registration for this event is available only to Intelligent Investor members.
The demerger of this business happened in November 2005.In February 2006, FMG started the development of Fortescue's port, rail and mine project with the turning of the first sod at the Company's port site at Anderson Point in Port Hedland.
Founded in 2003, Fortescue owns and operates the Chichester and Solomon iron ore mine hubs, the five-berth Herb Elliott Port and Judith Street Harbour towage facility in Port Hedland, Western Australia and a heavy haul railway system. Copyright © 1999-2020 InvestSMART Financial Services Pty Ltd. All rights reserved | Australian Financial Services Licensee: AFSL # 226435 | ABN 70 089 038 531 |
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It owns and operates the Chichester Hub that consists of the Cloudbreak and Christmas Creek mines located in the Chichester Ranges in the Pilbara, Western Australia; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley Ranges in the Pilbara, Western Australia. First name is required.
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Since July 2003 the company’s total tenement holdings have increased up to approximately 40,000sqkm. This achievement took place in line with the detailed business plan for its Pilbara Project. In December 2012 Fortescue opened the 129 kilometre Solomon Railway that connects Solomon to Fortescue's mainline to its port operations.In May 2018 Fortescue announced a US$1.28 billion development of a new mine in the Pilbara at the Eliwana site. The Eliwana mine is part of Fortescue's strategy to move to a 60 per cent iron grade product.BC Iron is a much smaller mining company with iron ore deposits at In June 2018 Fortescue announced the purchase of 15% of junior iron ore miner This move will also potentially give Fortescue access to the North West Infrastructure joint venture.
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