Fortescue Ltd - Company Profile
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Fortescue Ltd (Fortescue) is a producer of iron ore. The company carries out the development, exploration, processing, and transportation 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 operates various projects including Iron Bridge, Chichester Hub and Western Hub. It offers port and rail-built facilities through its Hedland operations. The company, through its subsidiaries, Fortescue Hydrogen Systems, Fortescue WAE, and Fortescue Future Industries (FFI), produces hydrogen, ammonia, and energy. Fortescue has mining assets in Australia, Argentina, Brazil, Chile, and Kazakhstan. It also operates heavy haul railway and Fortescue Ore Carriers at Port Hedland. Fortescue is headquartered in Perth, Western Australia, Australia.
Fortescue Ltd premium industry data and analytics
Products and Services
Products |
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Iron ore |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In February, the company entered into a partnership with Curtin University and the Pilbara Kimberley University Centres to introduce a pilot program to provide employees with an opportunity to pursue higher education in engineering. |
2024 | Plans/Strategy | In January, the company announced its plans to join forces with Chinese authorities to fix the delays keeping some of its iron ore cargoes from clearing customs. |
2024 | Others | In January, the Michigan Economic Development Corporation (MEDC) announced that the Michigan Strategic Fund (MSF) approved support and incentives for the company to establish a U.S. Advanced Manufacturing Center in Detroit, Michigan. |
Competitor Comparison
Key Parameters | Fortescue Ltd | Rio Tinto | BHP Group Ltd | Anglo American Plc | CIMIC Group Ltd |
---|---|---|---|---|---|
Headquarters | Australia | United Kingdom | Australia | United Kingdom | Australia |
City | Perth | London | Melbourne | London | North Sydney |
State/Province | Western Australia | England | Victoria | England | New South Wales |
No. of Employees | 11,693 | 57,000 | 40,981 | 58,000 | 25,500 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Andrew Forrest | Chairman | Executive Board | 2003 | - |
Dino Otranto | Chief Executive Officer | Senior Management | 2023 | - |
Deborah Caudle | Chief Financial Officer - Fortescue Energy | Senior Management | 2023 | - |
Apple Paget | Acting Chief Financial Officer | Senior Management | 2023 | - |
Shelley Robertson | Chief Corporate Officer | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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