Overview

Fortescue Metals Group Limited is a Public Company that is ranked number 32 out of the top 2000 companies in Australia. The company generates the majority of its income from the Iron Ore Mining in Australia industry.

In 2017 the company generated total revenue of $11,027,392,000 including sales and other revenue. The exact number of employees for this organisation is not available. 

The Chief Executive of Fortescue Metals Group Limited is Mr Neville Power whose official title is Chief Executive Officer. The Chairman of Fortescue Metals Group Limited is Mr Andrew Forrest whose official title is Non-Executive Chairman. 

Fortescue Metals Group Limited is engaged in mining and exploration activities for iron ore from sites located in the Pilbara region of Western Australia:

  • Solomon Hub - Located in the Hamersley Ranges, 60 km north of Tom Price. The site is comprised of the Firetail and King Valley mines and has a production capacity of approximately 70 to 75 million tonnes per annum
  • Chichester Hub - Located in the Chichester Ranges. The site is comprised of the Cloudbreak and Christmas Creek mines and has a production capacity of 100 million tonnes

The company is also involved in a joint venture with the Formosa Group and Baosteel Group for iron ore production processing at the Iron Bridge site located 100km south of Port Hedland.

The company has significant port and rail holdings in the Pilbara region, with the operation of a 620km long railroad under the company's responsibility, and ownership of four iron ore haulage ships and the Herb Elliot Port in Port Hedland.
 
Fortescue provides iron ore to the Australian and Chinese markets and with shipping offices located in China and Singapore is expanding into Japan, India and South Korea.

Fortescue Metals Group retains exploration rights for iron ore deposits in South Australia, New South Wales and Ecuador.

Learn more about our Company Reports

IBISWorld Premium Company Reports

The IBISWorld Company Premium Report offers a wealth of information on the top 550 companies. The detailed information and analysis in the Premium Report help you become better informed on all company activities. IBISWorld Company Premium Reports include:

  • Cross Directorships
  • Company activities synopsis
  • Industry Ratios
  • More segment information
  • Competitive Environment analysis
  • Subsidiaries by region

Table of Contents

Company Details
Key Personnel
Financials
Segments
Growth & Ratios
Industry Averages
Competitive Environment
Shareholders
Subsidiaries
Service Providers

Looking for our Industry reports?

Assess your competitors with powerful business tools that provide strategic insights and analysis on over 600 Australian industries.

Contact Us

Want to speak to a representative? Call us.

clear