Fortescue Metals Group Tag

Australian mining billionaire and philanthropist Andrew Forrest has acquired an additional 22 million shares in iron ore giant Fortescue Metals Group, taking his personal ownership in the company he founded to 35.3%. Forrest paid US$160.2 million for the shares and now owns over 1.112 billion shares...

Fortescue Metals Group is one of a host of Australian mining companies to have made donations to relief agencies fighting the intense bushfires that continue to burn across large swathes of the country. The iron ore miner pledged AUS$1 million to the Minderoo Foundation Fire Fund, while its founder and...