Fortescue Ltd
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in mil. unless spec.Company Description
- CEO
- Dino Otranto
- Full Time Employees
- 20,000
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- 256 St Georges Terrace East Perth WA Australia 6000
- IPO Date
- Mar 19, 1987
- Website
- fmgl.com.au
- Similar Companies
- Business
- Fortescue Ltd is a global metals and energy company primarily engaged in the exploration, development, production, processing, and sale of iron ore. The company operates extensive mining operations predominantly in the Pilbara region of Western Australia, including the Chichester and Solomon Hubs. Fortescue manufactures and sells iron ore products primarily catering to markets in Australia, China, and internationally. Alongside its core iron ore business, Fortescue has expanded into renewable energy and green technology sectors through its subsidiary Fortescue Energy (formerly Fortescue Future Industries), which focuses on the development of green hydrogen, green ammonia, and renewable power projects globally. Fortescue’s product and service offerings include iron ore mining and processing; development and commercialization of green hydrogen and renewable energy solutions; production and deployment of zero-emission mining equipment; and the manufacture and operation of autonomous battery-electric trucks and zero emissions mining fleets. In recent major developments, Fortescue has signed a landmark $2.8 billion partnership with German-Swiss equipment manufacturer Liebherr to supply 475 zero-emission mining machines, including 360 autonomous battery-electric trucks, 55 electric excavators, and 60 battery-powered dozers. This deal, the largest in Liebherr’s 75-year history, aims to decarbonize Fortescue’s mining operations by replacing two-thirds of its diesel-powered fleet with zero-emission vehicles by 2030. Additionally, Fortescue has entered a strategic joint venture with Morocco's OCP Group to develop a green energy hub supplying green hydrogen, ammonia, and fertilizer for regional and global markets. The company is also expanding its green mining equipment fleet through a separate agreement with Chinese manufacturer XCMG to purchase over 100 battery-electric heavy mobile mining machines. Fortescue continues its global renewable energy expansion by acquiring Spanish renewable wind technology company Nabrawind to boost wind energy capabilities. These initiatives underline Fortescue’s strategic shift towards accelerating the commercial decarbonization of industry through technology, energy, and metals on a global scale. Founded in 2003 and headquartered in Perth, Western Australia, Fortescue operates as one of the world’s largest producers of iron ore and is recognized as a leader in mining industry decarbonization and green energy solutions. The company employs over 13,000 people and maintains extensive tenements in Australia, alongside expanding international green energy projects in regions such as the Middle East, the Americas, and Europe. Fortescue’s strategic focus combines its core iron ore mining operations with pioneering renewable energy development, including hydrogen production, green ammonia, and zero-emission mining technologies, positioning the company as a key player in the transition towards sustainable resource extraction and energy production worldwide.
Company News
Fortescue Warns of Output Guidance Cut If China Talks Aren't Concluded Soon
BHP, Rio Tinto and Fortescue hit multi-month lows as miners come under pressure
Fortescue (OTCMKTS:FSUMF) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened
Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) Shares Shorted: Short Interest Down 60.6% in September
Fortescue (OTCMKTS:FSUGY) Reaches New 12-Month Low – Here’s Why
Fortescue: Look No Further If You Want Iron Ore Exposure
Fortescue reports 5% fall in fourth-quarter iron ore shipments
Fortescue Ltd. Sponsored ADR (FSUGY) Moves to Strong Buy: Rationale Behind the Upgrade
Fortescue's Mark Barnaba on Iran, Rates and China
Fortescue: Core Business Bankrolls Diversification Strategy
Australia's Fortescue to fast-track diesel elimination plans at Pilbara
Fortescue (OTCMKTS:FSUMF) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened
Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says
Decarbonization shift is paying off amid fuel security uncertainty: Fortescue Metals CEO
Fortescue (OTCMKTS:FSUGY) vs. Skeena Resources (NYSE:SKE) Financial Survey
Fortescue (OTCMKTS:FSUGY) Shares Gap Down – What’s Next?
Rio and Fortescue trial new iron ore pricing indexes for China term shipments
Pantheon Resources 'strengthened the foundations' of its business in 2025
Empire Metals agrees to sell non-core gold project
Australia's Fortescue to buy remaining stake in Alta Copper, valuing it at $101 million