Headquarters: East Perth, WA, Australia
CEO: Ms. Elizabeth Anne Gaines CA
AUD as of April 1, 2022
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.
|Company||Market Cap (USD)|
|Rio Tinto||$125.84 B|
|Vale SA||$107.99 B|
|Glencore plc||$87.31 B|
|Anglo American plc||$71.48 B|
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.
Fortescue Metals Group (often referred to as FMG) is an Australian iron ore company. As of 2017, Fortescue is the fourth-largest iron ore producer in the world. The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder in the state, larger than both BHP and Rio Tinto.
Source: Wikipedia, retrieved on March 31, 2022, 8:58 p.m.
Iron ore, Steel, Gold, Copper, Lithium
Elizabeth Gaines (CEO) Andrew Forrest (Chairman) (majority shareholder)
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)