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Fortescue Metals Group Ltd: Overview

Fortescue Metals Group Ltd (Fortescue) is a producer of iron. The company carries out the exploration, planning, building, mining, processes, transportation and markets of iron ore. It owns and operates mining assets in Pilbara, Western Australia. The company operates in Solomon Hub in the Hamersley Ranges and Chichester Hub in the Chichester Ranges. Fortescue exports its iron ore to customers in China, Japan, South Korea and India. The company has mining assets in South America including Ecuador, Colombia and Argentina. It also operates heavy haul railway and Fortescue Ore Carriers at Port Hedland. Fortescue is headquartered in Perth, Western Australia, Australia.

Headquarters Australia

Address Level 2 87 Adelaide Terrace, East Perth, 6004


Telephone 61 8 62188888

No of Employees 10,164

Industry Metals and Mining

Ticker Symbol & Exchange FMG (ASX)

Revenue (2022) $17.4B 73.8% (2022 vs 2021)

EPS XXX

Net Income (2022) XXX 117.4% (2022 vs 2021)

Market Cap* $44.0B

Net Profit Margin (2021) XXX 25.1% (2022 vs 2021)

* As of and is in US$

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Mines & Projects

Comprehensive coverage on mines and projects for Fortescue Metals Group Ltd with details including commodities, ownership and operations, production, reserves and resources, plant and equipment and key contacts.

150+

Install Base

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IT Services Contracts

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Fortescue Metals Group Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

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Products and Services

Products
Iron ore
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In November, Fortescue Future Industries and Egypt signed a major framework agreement to work together to study and develop green hydrogen and renewable energy projects in Egypt.
2022 Contracts/Agreements In November, Fortescue Future Industries and the Government of the Republic of Kazakhstan agreed to work together to explore the potential delivery of renewable energy projects and green hydrogen production in Kazakhstan.
2022 Contracts/Agreements In November, Fortescue Future Industries entered into a partnership with the government of Kenya to establish a 300MW capacity green ammonia and green fertilizer plant.
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Competitor Comparison

Key Parameters Fortescue Metals Group Ltd BHP Rio Tinto Anglo American Plc CIMIC Group Ltd
Headquarters Australia Australia United Kingdom United Kingdom Australia
City Perth Melbourne London London North Sydney
State/Province - Victoria - - New South Wales
No. of Employees 10,164 37,908 49,000 62,000 29,000
Entity Type Public Public Public Public Private
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Executives
Name Position Board Since Age
Andrew Forrest Chairman Executive Board 2003 -
Elizabeth Gaines Director; Chief Executive Officer Executive Board 2018 -
Greg Lilleyman Chief Operating Officer Senior Management 2018 -
Julie Shuttleworth Deputy Chief Executive Officer; Chief Executive Officer - Fortescue Future Industries Senior Management 2018 -
Paul Shillington Chief General Counsel Senior Management 2022 -
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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