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Fortescue Ltd (FMG.AX)

ASX - ASX Delayed price. Currency in AUD
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25.70+0.51 (+2.02%)
At close: 04:10PM AEDT

Fortescue Ltd

87 Adelaide Terrace
Level 2
East Perth, WA 6004
Australia
61 8 6218 8888
https://www.fortescue.com

Sector(s)Basic Materials
IndustryOther Industrial Metals & Mining
Full-time employees13,690

Key executives

NameTitlePayExercisedYear born
Dr. John Andrew Henry Forrest A.O., AICD, BA, FAusIMMFounder & Executive Chairman of the BoardN/AN/A1962
Mr. Dino OtrantoChief Executive Officer1.34MN/AN/A
Ms. Elizabeth Anne Gaines CAGlobal Ambassador & Executive Director5.14MN/A1963
Dr. Richard Mark Hutchinson B.Com.Chief Executive Officer of Fortescue Energy3.33MN/A1966
Ms. Apple PagetActing Chief Financial OfficerN/AN/AN/A
Mr. Andrew DriscollGeneral Manager of Investor RelationsN/AN/AN/A
Mr. Philip James McKeiverChief General Counsel & Company SecretaryN/AN/AN/A
Ms. Shelley Maree Robertson BSc(Eng), GradDip(IT), MBA, MEngScChief Corporate OfficerN/AN/AN/A
Mr. Eamon HarmonGeneral Manager of Exploration147.14kN/AN/A
Rael McNallyManaging Director of Fortescue CapitalN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in AUD.

Description

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It also develops and produces the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Argentina, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023. Fortescue Ltd was incorporated in 1983 and is headquartered in East Perth, Australia.

Corporate governance

Fortescue Ltd’s ISS governance QualityScore as of 1 March 2024 is 8. The pillar scores are Audit: 1; Board: 8; Shareholder rights: 1; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.