Fortescue (company)

Fortescue
Company typePublic
ASXFMG
ISINAU000000FMG4
IndustryMetals, mining and energy
Founded2003
HeadquartersPerth, Western Australia
Area served
Worldwide
Key people
Dino Otranto (CEO, Metals)
Mark Hutchinson (CEO, Energy)
Andrew Forrest (Executive Chairman) (majority shareholder)
ProductsIron ore, steel, gold, copper, lithium
RevenueIncrease A$17.62 billion (2020)[1]
Increase A$11.50 billion (2020)[1]
Increase A$6.50 billion (2020)[1]
Total assetsIncrease A$48.05 billion (2020)[1]
Total equityIncrease A$26.41 billion (2020)[1]
Number of employees
11,000+ (2020)[1]
Subsidiaries• Fortescue Energy
• Fortescue Metals
• FMG Resources Pty Ltd
• Ncz Investments Pty Ltd
• Pilbara Gas Pipeline Pty Ltd
• The Nullagine Joint Venture
• FMG Resources (August 2006) Pty Ltd
• Chichester Metals Pty Limited
• FMG Magnetite Pty Ltd
• Pilbara Marine Pty Ltd
• FMG Pilbara Pty Ltd
• Karribi Developments Pty Ltd
• FMG Solomon Pty Ltd
• FMG Iron Bridge Limited
• Fmg Pacific Limited
Websitewww.fortescue.com
FMG iron ore train, 2008
FMG iron ore train on Turner River, 2008

Fortescue is a global metal mining company headquartered in Australia. Fortescue focused on iron ore mining under the name of Fortescue Metals Group (FMG) until July 2023.[2] As of 2017, Fortescue is the fourth-largest iron ore producer in the world.[3] The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state,[4] larger than both BHP and Rio Tinto.[5]

  1. ^ a b c d e f "30 June 2019 Full Year Results" (PDF). Fortescue. 26 August 2019. Archived (PDF) from the original on 17 March 2022. Retrieved 9 August 2022.
  2. ^ "'Fortescue Future Industries' to disappear as Forrest unites hydrogen and metals businesses under same brand name". 20 July 2023.
  3. ^ Largest Iron Ore Producers in the World in 2017. 10 April 2018. Retrieved 16 July 2018.
  4. ^ "Annual General Meeting 2010". Fortescue. 24 July 2011. Archived from the original on 24 July 2011. Retrieved 9 August 2022.
  5. ^ "Fortescue rejects Rio's Pilbara land swipe". Finance. 22 March 2011. Retrieved 9 August 2022.