Fortescue

Fortescue delivered a record 201.3 million tonnes of iron ore in fiscal 2026. Revenue rose 9% to AUD 17.0 billion, adjusted EBITDA was AUD 8.6 billion and free cash flow climbed 25% to AUD 3.2 billion; the annual dividend is AUD 1.08 per share. For 2027 the company expects shipments of 197–207 million tonnes, plans capex of AUD 2.3–2.7 billion and is advancing a AUD 6.2 billion decarbonization program; the stock reacted only modestly and is trading near its yearly low. » Mere på de.investing.com

Andrew Forrest described a 2015 hiking accident in which he nearly drowned and severely broke his leg, an event that led to years of recovery. During that time he completed a PhD in marine ecology, which reshaped his environmental outlook and influenced Fortescue's strategy. He has since pushed the company toward a 'real zero' goal to decarbonise operations and lower energy costs. » Mere på finance.yahoo.com

Fortescue Metals' stock fell 1.1% to A$19.03 after reports said China Mineral Resources Group instructed steel mills to stop accepting certain shipments of the products "Super Special Fines" and "Fortune Fines" stored at the port from July 15. Both batches are low-grade iron ore, and the move is part of Beijing's efforts to consolidate control over iron ore imports. UBS confirmed its "Neutral" rating and only slightly raised the price target to A$19.70; analysts remain broadly cautious. China's interventions and low expected iron ore prices weighed on shares of Fortescue and rivals such as BHP and Rio Tinto across the sector. » Mere på de.investing.com

Fortescue shipped 48.4m tonnes of iron ore in the third quarter (+5% y/y) and cut C1 unit costs for hematite by 4% to A$18.29/t. The company confirmed its full-year cost guidance but recorded higher net debt of A$1.6bn and cash of A$4.2bn. Due to weather-related disruptions, Fortescue revised its Iron Bridge output guidance to 9–10m tonnes (previously 10–12), which pressured the share price; the group is also advancing investments in green energy with an aimed return potential of 20%. » Mere på de.investing.com

Fortescue has struck a major deal with XCMG for battery-powered construction equipment and plans to source more machinery from China to strengthen ties with its most important customer. The company also took out a renminbi-denominated loan and is willing to use part of its receipts in Chinese currency, after China temporarily halted iron ore purchases. Group representatives are relocating staff to Shanghai and view the move as a response to Beijing's bargaining power, while Australia remains vulnerable because of its reliance on iron ore exports. » Mere på faz.net