Fortescue cuts 700 jobs, slows down green hydrogen plans
Fortescue (ASX: FMG) plans to cut about 700 jobs, or 4.5% of its global workforce, as part of a new restructuring push that will see the Australian iron ore miner scale…
Fortescue
Sixth Fortescue executive quits in less than a year
Fortescue‘s (ASX: FMG) global growth director, Julie Shuttleworth, has become the sixth senior executive to leave the company in less than a year, after spending more than a decade at…
Rio Tinto reports another autonomous train crash in Australia
Rio Tinto (NYSE: RIO; LSE: RIO ASX: RIO) said on Monday that one of its fully loaded autonomous iron ore trains had crashed with a set of stationary wagons in…
Fortescue begins building Arizona green hydrogen plant
Australia’s Fortescue (ASX: FMG) has begun building its first “green” hydrogen plant in Arizona, which is expected to produce up to 11,000 tonnes of the element annually, aimed at decarbonization…
Iron ore boom of the 2000s repeating – this time with critical metals
A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.” That company was called Allied Mining and…
Rio Tinto autonomous train derails in Western Australia
Rio Tinto (ASX: RIO) said on Tuesday that an unloaded autonomous train derailed on Sunday evening at about 120 km from Western Australia’s Dampier port. The world’s largest iron ore…
Former Fortescue execs launch green iron startup
Two former executives that worked at Fortescue’s clean energy initiatives, Michael Masterman and Bart Kolodziejczyk, have launched a startup that aims to cut carbon emissions of the Australian iron ore…