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Fortescue - Latest news GMK Center

Photo – China is demanding a thorough analysis of a new shipment of iron ore from Fortescue
China is demanding a thorough analysis of a new shipment of iron ore from Fortescue

China Mineral Resources Group is seeking to strengthen its position in negotiations over iron ore trade

Photo – Fortescue plans to phase out fossil fuels at its mines by 2028
Fortescue plans to phase out fossil fuels at its mines by 2028

This will help reduce costs amid the current energy crisis

Photo – Fortescue advances plans for Wyloo North iron ore project
Fortescue advances plans for Wyloo North iron ore project

The company intends to extract 12 million tons of ore per year from the deposit

Photo – Fortescue strengthens cooperation with China for uninterrupted ore supply
Fortescue strengthens cooperation with China for uninterrupted ore supply

In particular, the company purchases solar panels and wind turbines from Chinese companies

Photo – Fortescue secures funding for solar technology development in Pilbara region
Fortescue secures funding for solar technology development in Pilbara region

Funding supports up to ten separate projects under a single agreement

Photo – Fortescue increased iron ore shipments by 4% y/y in July-September
Fortescue increased iron ore shipments by 4% y/y in July-September

Total production increased by 5% year-on-year

Photo – Fortescue has secured a loan of 14.2 billion yuan to support its decarbonization plans
Fortescue has secured a loan of 14.2 billion yuan to support its decarbonization plans

The financing involved Chinese, Australian, and international lenders

Photo – Fortescue increased iron ore shipments by 4% y/y in FY2024/2025
Fortescue increased iron ore shipments by 4% y/y in FY2024/2025

The company forecasts shipments of 195-205 million tonnes for FY2025/2026

Photo – Fortescue increased iron ore shipments by 6.5% y/y in January-March
Fortescue increased iron ore shipments by 6.5% y/y in January-March

Total production for the period amounted to 55.5 million tons

Photo – Fortescue to build solar power plant for ore mining operations
Fortescue to build solar power plant for ore mining operations

The proposal includes the installation of solar panels, a substation and supporting infrastructure

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