Fortescue (company)
Fortescue is a global metal mining and green energy company headquartered in Australia. Fortescue focused on iron ore mining under the name of Fortescue Metals Group (FMG) until July 2023. 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.
Ore-processing facility, Christmas Creek Mine, Pilbara | |
| Company type | Public |
|---|---|
Traded as | ASX: FMG |
| ISIN | AU000000FMG4 |
| Industry | Metals, mining and energy |
| Founded | 2003 |
| Headquarters | Perth, Western Australia |
Area served | Worldwide |
Key people | Dino Otranto (CEO, Metals) Mark Hutchinson (CEO, Energy) Andrew Forrest (Executive Chairman) (majority shareholder) |
| Products | Iron ore, steel, gold, copper, lithium |
| Revenue | A$17.62 billion (2020) |
| 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) |
Number of employees | 11,000+ (2020) |
| Subsidiaries | • Fortescue Energy
• Fortescue Metals • FMG Resources Pty Ltd • Ncz Investments Pty Ltd • Pilbara Gas Pipeline Pty Ltd • The Nullagine Joint Venture • FMG Resources (August 2006) Pty Ltd • Chichester Metals Pty Limited • FMG Magnetite Pty Ltd • Pilbara Marine Pty Ltd • FMG Pilbara Pty Ltd • Karribi Developments Pty Ltd • FMG Solomon Pty Ltd • FMG Iron Bridge Limited • Fmg Pacific Limited |
| Website | www.fortescue.com |
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