Company

Fortescue Metals Group Limited

Headquarters: East Perth, WA, Australia

Founded: 2003

Employees: 10,232

CEO: Ms. Elizabeth Anne Gaines CA

ASX: FMG -1.99%

Market Cap

A$86.80 Billion

AUD as of Jan. 1, 2024

US$59.12 Billion

Market Cap History

Company Description

Fortescue Metals Group Ltd, also referred to as Fortescue or FMG, is one of the largest producers of iron ore in the world. Fortescue Metals Group operates iron ore mines throughout Australia and ore transports including trains and ore carrying ships. It is now engaged in the exploration for diversification in gold, copper, and lithium.

Fortescue Metals Group Limited market capitalization over time

Evolution of Fortescue Metals Group Limited market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Fortescue Metals Group Limited

Detailed Description

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It is also developing the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Ecuador and Argentina. Further, it provides port towage services. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia.

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Stocks & Indices

Fortescue Metals Group Limited has the following listings and related stock indices.


Stock: ASX: FMG wb_incandescent

Stock: FSX: FVJ wb_incandescent

Stock: OTC: FSUMF wb_incandescent

Product & Services

Iron ore, Steel, Gold, Copper, Lithium

Key People

Elizabeth Gaines (CEO) Andrew Forrest (Chairman) (majority shareholder)

Financials

Revenue: A$17.62 billion (2020)

Operating income: A$11.50 billion (2020)

Net income: A$6.50 billion (2020)


Total assets: A$48.05 billion (2020)

Total equity: A$26.41 billion (2020)

Details

Headquarters:

87 Adelaide Terrace

Level 2

East Perth, WA 6004

Australia

Phone: 61 8 6218 8888

Fax: 61 8 6218 8880