Fortescue Metals Group Limited
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Dino Otranto
- Full Time Employees
- 15,642
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 87 Adelaide Terrace East Perth WA Australia 6004
- IPO Date
- Jun 24, 2008
- Website
- fmgl.com.au
- Similar Companies
- Business
- Fortescue Metals Group Limited (ASX: FMG; OTC: FSUMF) operates as a global green technology, energy and metals company focused on iron ore production and commercial decarbonisation of heavy industry; it explores, develops, produces, processes, transports and sells iron ore, primarily high-grade hematite and magnetite from its Pilbara operations in Western Australia including the Chichester Hub (Cloudbreak and Christmas Creek mines), Solomon Hub (Firetail, Kings Valley and Eliwana), Iron Bridge magnetite project and Nanutarra, supported by 760 kilometres of heavy-haul rail, autonomous trucks, the Herb Elliott Port at Port Hedland and a fleet of dry bulk ore carriers; the company also advances green energy initiatives through the Pilbara Energy Connect program integrating solar farms, battery storage and transmission, alongside exploration pipelines in Africa (Gabon), Latin America and Australia for iron ore and other minerals. Founded in 2003 and headquartered in East Perth, Australia, Fortescue serves major steelmakers, particularly in China, with annual shipments exceeding 190 million tonnes and over 2.29 billion tonnes exported since inception, positioning it as the world's fourth-largest iron ore producer by tenement holdings of more than 87,000 square kilometres in the Pilbara. Recent developments include the September 2025 acquisition of Spanish renewable firm Nabrawind to bolster wind energy capabilities, strategic decarbonisation partnerships with XCMG for battery-electric mining equipment, Envision Energy for wind power and storage, and Liebherr for autonomous trucks, alongside a A$3 billion syndicated Renminbi loan in August 2025 to fund general corporate activities and green transition, delivery of the first large-scale BYD Battery Energy Storage System to North Star Junction in December 2025, and a green ironmaking technology trial with TISCO.
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