FORTESCUE ORD
Fortescue moves to acquire Pilbara iron ore developer Red Hawk Mining
Australian mining giant Fortescue (ASX: FMG) has made a takeover bid worth as much as $254 million for up-and-coming Pilbara iron ore mine developer Red Hawk Mining (ASX: RHK). Red Hawk operates the Blacksmith project, the largest direct shipping iron ore project in the Pilbara not owned by one of the major iron ore producers. […]
HyTerra targets strong year-end as Fortescue backs white hydrogen push in Kansas
HyTerra (ASX: HYT) is preparing for a strong finish to 2024 in its hunt for high-value white hydrogen in the US. Releasing its latest quarterly report, the Australian junior highlighted the strong platform it has built to accelerate drilling at its large Kansas hydrogen exploration position. The key to the future timeline for exploration at […]
HyTerra receives $21.9m cornerstone investment from Fortescue Future Industries Technologies
HyTerra (ASX: HYT) is to receive a $21.9 million cornerstone investment from Fortescue Future Industries Technologies (FFIT) to pursue white hydrogen at its 100%-owned Nemaha project in Kansas. Upon completion of the transaction, FFIT will become HyTerra’s largest shareholder. HyTerra and Fortescue have also agreed to a strategic alliance agreement that will allow for collaboration […]
Fortescue boss Andrew Forrest opens world-class electrolyser manufacturing hub in Queensland
Fortescue (ASX: FMG) executive chair and founder Andrew Forrest has declared himself a green energy “first mover” with the opening of a world-class hydrogen electrolyser manufacturing facility in Gladstone, Queensland. One of the first plants globally to house an automated assembly line, the 15,000 square metre manufacturing facility will have capacity to produce over 2 […]