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EXPLAINED: Fortescue metals | Vintage Vibes

Iron ore giant's profit falls, green energy vow stays

One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.

AAP

Call to screw the cap on $11 billion diesel subsidy

More mining giants may clean up their operations if the government capped generous credits on diesel fuel and incentivised green projects, a report finds.

AAP

Fortescue profit slumps on weak iron ore prices

China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.

AAP

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Trucks, trains and dozers drive Fortescue's 'real zero'

Iron ore billionaire Andrew "Twiggy" Forrest says he intends to silence the naysayers with profitable patented green technology to save the planet - and mining.

AAP

Fortescue hit with first strike, unveils green spend

Fortescue Metals Group has received a "first strike" on executive pay as the iron ore miner unveiled plans to splash $1.1 billion on green hydrogen.

AAP

Morning Mail: Coalition’s big no campaign spenders, Twiggy’s revolving door, humanity’s lucky escape

Analysis of politicians’ Facebook advertising data shows uses of public money to target yes activists, while Fortescue loses an exec and gains Kwasi Kwarteng

The Guardian - AU

Iron ore giant Fortescue Metals targeted by Russian ransomware group

Australian mining company confirms hack occurred on 28 May but data disclosed ‘was not confidential in nature’

The Guardian - AU

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Twiggy investigated after anonymous letter to Fortescue

After an anonymous complaint, Fortescue Metals hired a law firm to investigate executive chairman Andrew Forrest, who was cleared of wrongdoing.

AAP

'Business as usual' as Fortescue Metals dumps jobs

Fortescue Metals has become the latest company to announce job cuts, although a spokesman said it was "business as usual" and part of the firm's growth.

AAP

Fortescue Metals Group agrees to hand over sexual harassment documents to WorkSafe but will redact names

The mining giant says it will hand over documents that detail allegations of sexual harassment to WorkSafe, but will remove the names of the employees involved.

ABC News

Fortescue Metals could face paying traditional owners millions of dollars in native title compensation claim

The Yindjibarndi traditional owners won a landmark native title case in the Pilbara in 2020 in a David-and-Goliath battle with mining giant Fortescue Metals Group, however, negotiations over royalties for mining iron ore on their land fell through. Now they are launching legal action against FMG for compensation.

ABC News

A bit rich? Billionaires’ climate efforts draw scepticism, praise

Mega-rich figures such as Andrew Forrest spend billions on climate change solutions while adding to carbon emissions.

Al Jazeera

Fortescue H1 profit down, payout cut

Fortescue Metals' first-half profit fell after Chinese steel-makers bought less iron ore and the price of the commodity dropped.

AAP

ASX rises, Fortescue Metals and CSL report weaker profits from COVID-19 restrictions

The Australian share market rises in afternoon trade, soaring oil and gas prices boost Santos' profit, while Fortescue Metals, CSL and Treasury Wine Estates reveal the impact of COVID-19 on their earnings.

ABC News

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