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.
Headquarters
Australia
Address
Level 2 87 Adelaide Terrace, East Perth, Western Australia, 6004
Website
fortescue.com
Telephone
61 8 62188888
No of Employees
11,693
Industry
Metals and Mining
Ticker Symbol & Exchange
FMG (ASX)
Revenue (2022)
$16.9B
-3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-22.6%
(2022 vs 2021)
Market Cap*
$51.2B
Net Profit Margin (2022)
XYZ
-20.2%
(2022 vs 2021)
* As of and is in US$
Fortescue Ltd premium industry data and analytics
Products and Services
| Products |
|---|
| Iron ore |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Corporate Changes/Expansions | In April, the company opened its electrolyzer manufacturing facility in Gladstone, Queensland, Australia. |
| 2024 | Contracts/Agreements | In April, Fortescue Energy partnered with OCP Group to form a joint venture to supply green hydrogen, ammonia, and fertilizers to Morocco, Europe, and international markets. |
| 2024 | Contracts/Agreements | In April, the company awarded two contracts, worth US$50 million, to GenusPlus Group to deliver transmission infrastructure to decarbonize its iron ore operations in Western Australia. |
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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