Password is required. Historical performance is not a reliable indicator of future performance. FMG raised A$70 million through convertible note issue as of January 2005. "FREE" : "$" + t.Cost.toFixed(2) }} In Dec 2006 FMG presented detailed proposals for Mining Approval and the company signed WISCO Offtake agreement. In Mar 2008, the company joined the S&P ASX 50 and it accomplished the construction of the Cloudbreak to Port Hedland Railway in April 2008.In May 2008, FMG's first shipment of ore loaded at its Herb Elliott Port with the project completion achieved in July 2008.Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009 MyShareTrading.com © 2005-2017 All rights reserved. In February 2005, the company made a significant discovery of iron ore mineralisation in the Cloudbreak project area. Fortescue have at least 10 Chinese steel mill contracts lasting for around 10 years. It also commenced trial mining at Cloudbreak deposit. We look forward to helping you build a market beating stock portfolio. 2007: Fortescue extracts 5,4% of the iron ore produced in the world. Les Echos » More business descriptions and market shares for Fortescue Metals Group Ltd. In October 2005, FMG signed sales agreements representing 38% of initial planned production of 45 Mt/a. VTEC graduates inspire change in Aboriginal communities. The company owns four mines including the Cloudbreak and Christmas Creek mines at the Chichester hub; and Firetail and Kings mines located at the Solomon hub, both in the Pilbara region of Western Australia. Fees are calculated by Morningstar as the average over 10 years. During the fiscal 2006, Fortescue operated through two business divisions: exploration, evaluation and development of mineral resources, and marketing and wholesaling of medical products all over the Australia and New Zealand. Aug 6, 2020 Fortescue Metals Group's (Fortescue) Vocational Training and Employment Centre (VTEC) program continues to pave sustainable career pathways for Aboriginal Australians, with the most recent group of graduates commencing employment at Christmas Creek. No part of this site may be reproduced without our written permission. ( Since July 2003 the company’s total tenement holdings have increased up to approximately 40,000sqkm. This may not include all funds available for retail investment in Australia. It is one of the leading producers and sea-borne traders of iron ore in the world. Soon after Allied Mining and Processing's was renamed to Fortescue Metals Group and the company entered into the iron ore infrastructure industry.The Company’s major milestones are discussed below.In May 2003, FMG acquired first Cloudbreak tenements with subsequent Cloudbreak tenements acquired later in November 2003. The peer comparison figures have been sourced from Morningstar data and is therefore limited to the funds and investment products included in their database. A selection is required. The peer calculation is inclusive of admin and management fees; excludes brokerage and no withdrawals have been made.

20 Jul 2020.

The group has two main areas of operation located within the The Train Load Out (TLO) facility at Firetail was commissioned in November 2012 and the first ore was transported on the Fortescue Hamersley Rail Line in December 2012.

FMG listed on ASX on 19th of March 1987. Read about Fortescue's operational performance in the March 2020 quarter. FMG listed on ASX on 19th of March 1987.

Only funds with > three year returns were included in any fee comparison, and were compared to Morningstar's nominated benchmark. Brokerage costs are not included in this calculation. Copyright © 1999-2020 InvestSMART Financial Services Pty Ltd. All rights reserved | Australian Financial Services Licensee: AFSL # 226435 | ABN 70 089 038 531 | View our Registration for this event is available only to Intelligent Investor members. In 2003, The Metal Group Pty Ltd, the Company's majority shareholder, took over Allied Mining & Processing.

In October 2004, Fortescue entered into the Iron ore sales agreement with Hebei Wenfeng and with Ping Xiang Iron & Steel. In May 2007, FMGL joined MSCI Index and the company signed Iron ore sales agreement with Tangshan and entered into Fengli Agreement. In Dec 2005, it signed Mining State Agreement - Environmental Stage B and began earth works at port site in Feb 2006.In Jul 2006, it signed a Subscription Agreement with Leucadia National Corporation. * InvestSMART's capped Management Fee (capped at $451p.a.) InvestSMART cannot determine whether or not franking has been included, nor if dividends have been reinvested. Fortescue partners with Curtin University to advance digital future for Australian resources sector. For the effect of fees on your cumulative returns, please see our report For more information about fees and costs, please see the

It presented detailed proposals for Port and Rail Special Licence Issue and began railway construction in Nov 2006. FMG commenced shipping on 15 May of 2008, with the completion of project within months. The new mine is expected to have an 18-year lifespan and will funded from the company's cash flow.The project is expected create 1900 construction jobs and 500 permanent full-time positions with production expected to commence in 2020. The demerger of this business happened in November 2005.In February 2006, FMG started the development of Fortescue's port, rail and mine project with the turning of the first sod at the Company's port site at Anderson Point in Port Hedland. The overpass is due for … does not include fees charged within any ETF held in this portfolio, estimated to be approximately 0.18% (indirect cost ratio). In December 2012 Fortescue opened the 129 kilometre Solomon Railway that connects Solomon to Fortescue's mainline to its port operations.In May 2018 Fortescue announced a US$1.28 billion development of a new mine in the Pilbara at the Eliwana site. Email must be a valid email. Please enter your password to proceed It may take a few minutes to update your subscription details, during this time you will not be able to view locked content. Fortescue Metals Group Ltd (Fortescue) is primarily engaged in the exploration, development, production, processing and sale of iron ore.

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