Fortescue

Fortescue reported a 41% rise in first-half net profit and raised its midyear payout to shareholders, reflecting an increase in the price it fetched for its iron ore.. Fortescue reported a 41% rise in first-half net profit and raised its midyear payout to shareholders, reflecting an increase in the price it fetched for its iron ore.. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink…

The world’s fourth biggest producer of iron ore reported a 6% lift in iron-ore shipments on quarter, but cut expectations for annual exports from its new Iron Bridge operation. The world’s fourth biggest producer of iron ore reported a 6% lift in iron-ore shipments on quarter, but cut expectations for annual exports from its new Iron Bridge operation. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each…

Australian mining company Fortescue has taken delivery of a 1.4-MWh prototype battery that's heading for a 240-tonne electric mining haul truck developed in partnership with Liebherr, and will begin testing later in the year.The monster battery was developed by a 50-strong engineering team at the UK's Williams Advanced Engineering (WAE), which was acquired by Fortescue in March last year.The battery has now arrived at Fortescue's workshop in Perth, and is actually made up of eight individually cooled sub packs, each…

Fortescue Metals Group Ltd. will spend more than $6 billion on renewable energy and stop using fossil fuels by 2030, a pledge that the Australian iron-ore giant says will lower energy costs and mark a key step toward producing low-carbon steel. Fortescue is committing to use a combination of wind and solar power, battery storage and hydrogen produced from renewable energy to generate the electricity and fuel needed to extract iron ore, company officials said. Buyers in the steel supply chain could…

ADELAIDE, Australia—Some of the world’s largest iron-ore miners said they expect the market to continue dictating prices of the commodity despite China setting up a centralized buying group to try to gain more sway.China Mineral Resources Group was established by Beijing this month as part of a drive to secure more control over resources needed for the country’s growth at a time of rising tensions with the West. More than half of China’s iron-ore imports arrive from Australia, which has faced a trade backlash from Beijing…