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FMG - Fortescue Ltd

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Did he really say 'like Nazis'.




The claims have been vigorously denied by the Element Zero team, and the lawsuit made headlines this month when it was revealed Fortescue had hired private investigators to follow and photograph the Element Zero executives and their families.

The stakes are high for Fortescue, which even after this week’s austerity drive and 700 job cuts, still has a bevy of trials and projects under way into various embryonic clean energy technologies.

Dr Forrest has denied prior knowledge of the plan to use private investigators, and said Fortescue directors had struggled to align the surveillance tactics with the company’s values.
 
Dr Forrests Phd Dissertation.

Pelagic ecology and solutions for a troubled oceaN​


Andrew Forrest


Research output: Thesis › Doctoral Thesis

7557 Downloads (Pure)




Abstract​


Our oceans are plagued by overfishing and plastification. Without global solutions, the Anthropocene's unprecedented biodiversity loss will continue. To address these threats, I firstly document the human footprint on Western Australian pelagic
wildlife along 23° of latitude and, at the Perth Canyon, demonstrate temporal and spatial stability and the presence of a shortfin mako puppery, underscoring the call for no-take marine parks. Secondly, the "Revolutionising Ocean Measurement Project" harnesses automation and artificial intelligence for quantum acceleration in marine research. Thirdly, I set the groundwork for global market intervention, "Sea the Future", to keep plastics in the economy not the environment.

UN SDGs​


This output contributes to the following UN Sustainable Development Goals (SDGs)


Access to Document​


https://research-repository.uwa.edu...ic-ecology-and-solutions-for-a-troubled-ocean
 
Twiggy's philanthropic arm Minderoo Foundation helped fund a UWA Research Centre focused on ocean conservation.

New research centre to accelerate ocean conservation

Dr Andrew Forrest AO today officially opened the Minderoo Foundation OceanOmics Centre at UWA, a facility that promises to deliver major breakthroughs in the way global ocean health is measured and understood.
www.uwa.edu.au

Forrest backs tech to reveal ocean inhabitants from a bucket of water

Dr Andrew Forrest spent hours counting fish filmed underwater for research towards his PhD. He thought, there had to be a better way. And then he found it.
www.smh.com.au
 
This was the scope of Twiggys Phd study. All information I have posted comes up with simple search prompts

PhD title: Ecology of pelagic wildlife along the Western Australia coast and its implications for conservation
Start date: 1 April 2016
My research focuses on the ecology of pelagic wildlife including sharks, teleost fish and marine mammals along the Western Australian coast. Using mid-water stereo baited remote underwater video systems, I am documenting the diversity, abundance, biomass and composition of this offshore community from the northern Kimberley to Esperance. I am also exploring the latest technology that could be applied to an automated ocean measurement vessel that will exponentially accelerate the acquisition and compilation of wildlife and oceanic data. The research matters because pelagic vertebrates are amongst the most threatened yet least understood animals in our oceans, with many of these species also critical to global food security.
Australia has established a network of blue-water marine parks throughout its EEZ, including along the WA coast. By understanding spatial and temporal variability in the context of large scale biogeography and the status of these newly created marine parks, my research also provides a key baseline for ongoing assessment of the effectiveness of existing protection.

Dr. Andrew Forrest — Marine Futures Lab

www.meeuwig.org
 
socialising losses.?

from AFR
Fortescue has quietly taken ownership of two Queensland wind farm projects previously owned by private companies controlled by its biggest shareholders, Andrew and Nicola Forrest.

The Prairie and Wongalee wind projects near the Queensland town of Hughenden are now owned by Fortescue rather than subsidiaries of the Forrest family’s privately owned Squadron Energy, according to documents filed to the Australian Securities and Investments Commission....

....Windlab’s shareholding in the Wongalee subsidiary was transferred to Australian Fortescue Future Industries on February 23 – the day after Fortescue’s half-year financial results. Fortescue has not mentioned the acquisition of the Wongalee project in any market filings..

[Another] Windlab subsidiary – Prairie Renewable Energy Farm – applied to regulators in 2022 for permission to build 116 wind turbines near Hughenden. But documents lodged with the corporate regulator show that, on February 23, Windlab’s ownership of the subsidiary was transferred to Australian Fortescue Future Industries.

The closest Fortescue has come to disclosing its connection to the Prairie and Wongalee projects was in November 2022, when the company issued a press release – but not a market filing – saying Fortescue would “partner” with Windlab on a renewables “super hub” that included the two projects.
 
He threw retail under the bus when he let large institutional investors take their profits off the table when he ditched Hydrogen.

Now this!
 
FMG released the June production report today. The SP has promptly tanked !

Honestly can't see why ? They recovered quite well from the train crash that disrupted production in January. Overall iron ore prices are still very profitable.

Record June quarter performance contributes to shipments of 191.6Mt in FY24
Summary
• Total Recordable Injury Frequency Rate (TRIFR) for Metals of 1.3 in the 12 months to 30 June 2024 (FY24), a 28 per cent improvement from 30 June 2023.

• Record iron ore shipments of 53.7 million tonnes (Mt) in Q4 FY24, 10 per cent higher than Q4 FY23. This contributed to total shipments of 191.6 million tonnes in FY24.

• Pilbara Hematite average revenue of US$92/dry metric tonne (dmt) for the quarter, realising 82 per cent of the average Platts 62% CFR Index, and average revenue of US$103/dmt in FY24.

• Industry leading cost position, with Pilbara Hematite C1 cost of US$18.53/wet metric tonne (wmt) in Q4 FY24 and US$18.24/wmt in FY24.

• Iron Bridge Concentrate average revenue of US$127/dmt for the quarter was 101 per cent of the average Platts 65% CFR Index, and average revenue of US$137/dmt in FY24.

• Strong cashflow generation contributed to a cash balance of US$4.9 billion and net debt of US$0.5 billion at 30 June 2024. This is after capital expenditure of US$2.9 billion in FY24.

• Decarbonisation progress included initial commissioning of the 100 megawatt solar farm at North Star Junction and first operation of a hydrogen-powered battery electric haul truck prototype.

• Pecem Green Hydrogen Project in Brazil advanced to feasibility phase, including commencement of the Front End Engineering Design process.

• Fortescue-Actis consortium awarded rights to develop green hydrogen projects in Oman.

• Fortescue signs contracts for sale of first electrolysers from its electrolyser facility in Gladstone, Queensland.

• In July 2024, announced a management and organisational update to simplify the Company’s structure, remove duplication and deliver cost efficiencies.

• Appointment of Apple Paget as Group Chief Financial Officer and Shelley Robertson as Chief Operating Officer.

• FY25 guidance for total shipments of 190 - 200Mt, including 5 - 9Mt from Iron Bridge (100 per cent basis) and a C1 cost for Pilbara Hematite of US$18.50 - US$19.75/wmt.

Fortescue Metals Chief Executive Officer, Dino Otranto said, “It’s been an outstanding quarter by the team who rallied together to deliver record iron ore shipments of 53.7Mt which was 10 per cent higher than the June quarter last year. This record result demonstrated the efficiencies gained through our recovery plan following the ore car derailment in December 2023.

June 2024 Quarterly Production Report (PDF 290.6 KB)
 
The report looks great to me, I think the share price drop is mainly due to Iron Ore being down, and also the market in general being down.

Happy to hold, looking forward to the divvy (as always )
 
FMG is a favourite buy on Westpac....big block...those with a Westpac account can see that on homepage.

It won't copy and paste properly....maybe someone can do it (I can't)
 
You did it, bravo!

Was interested in how the masses were thinking. On Commsec, they were selling BBOZ, so thought they must think it's gonna be good tomorrow. Afterall, the predow was green (still is) Maybe they're right??? Maybe we're too spooked by what's happening now? (by the way, I don't hold FMG. Sold it a couple of weeks ago.
 
I don't know what I didn't do right, Dona. The left hand box is highlighted, the columns aren't aligned and stocks missing in the sell column and appear in the buy column
 
eskys said:
I don't know what I didn't do right, Dona. The left hand box is highlighted, the columns aren't aligned and stocks missing in the sell column and appear in the buy column
Click to expand...
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