Fortescue

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Fortescue shipped 191.6 million tons of ore in FY2023/2024

Production of iron ore in the specified period amounted to 216.9 million tons

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Fortescue to increase spending on energy division

The decision worried analysts who had expected the company's restructuring to reduce capital spending

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Fortescue opens electrolyzer plant in Australia

The complex was built and fully commissioned in just over two years

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President discussed reconstruction of Ukraine with founder of Fortescue Metals Group

The question of involvement in the recovery of global financial and industrial companies was also raised

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Fortescue reduced iron ore shipments by 2% y/y in the first half of FY2023/2024

In the second quarter, the company increased shipments of raw materials by 6% q/q

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Fortescue ships first iron ore from Gabon

It was the first time the company exported iron ore from a port outside Australia

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Fortescue approved investments of $750 million for three green projects

These are two hydrogen projects and a project in the field of green steel industry

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Australia’s Fortescue expands decarbonisation plans

The company will no longer purchase carbon emission allowances during the current fiscal year

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Fortescue increased iron ore shipments by 2% y/y in the FY2022/2023

In the fourth quarter, this indicator fell by 1% year-on-year

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Fortescue in January–March 2023 reduced iron ore shipments by 6.2% q/q

In January-March 2023, iron ore production fell by 16% q/q

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Fortescue will begin mining iron ore in Africa by the end of 2023

At the initial stage, iron ore production will amount to 2 million tons per year

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Fortescue increased iron ore shipments by 4% y/y in July-December 2022

In the first half of the 2022/2023 fiscal year, the company shipped 96.9 million tons of iron ore to customers

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