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Fortescue

Fortescue
The latest news and top stories on Fortescue. A leading entity in the mining sector, Australia-based Fortescue, owned by billionaire Andrew Forrest, primarily specialises in iron ore production from Western Australia’s Pilbara region, serving global markets, notably China. Recognised as the world’s fourth-largest iron ore producer, Fortescue is increasingly focused on green energy and industrialisation, aiming for "real zero" emissions by 2030 through green hydrogen and renewable projects. This strategic pivot highlights its evolving business focus beyond traditional mining, distinguishing its approach from competitors like Rio Tinto, as evidenced by its absence from the China International Supply Chain Expo.
Australia

Editorial | Record Chinese yuan loan to Australian miner makes good sense

The sizeable foreign loan is a landmark in Beijing’s efforts to internationalise the yuan as an alternative to the US dollar.

China and Australia ready for ‘more productive’ ties, Beijing’s ambassador says

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