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A worker walks near conveyer belts loaded with iron ore at the Fortescue Solomon iron ore mine located in the Valley of the Kings, around 400 km (248 miles) south of Port Hedland in the Pilbara region of Western Australia December 2, 2013. The world's fourth-largest iron ore miner, which has been beset by senior management turnover over the past two years, earlier in the day announced the resignation of its metals division head and co-CEO Fiona Hick. Fortescue shares, up nearly 2.1% so far this year, fell as much as 6% to A$19.7 by 0200 GMT. A review of its assets at the company's Iron Bridge project resulted in a pre-tax impairment charge of $1 billion. The company said rising interest rates and industry-wide inflation had fuelled the asset write-down at its Iron Bridge project, a major plank in the group's growth strategy.

Persons: Fortescue Solomon, David Gray, Australia's Fortescue, Fiona Hick, Fortescue, Echha Jain, Roushni Nair, Rashmi Organizations: REUTERS, Metals, Fortescue Future Industries, Fortescue Energy, Gibson, Phoenix Hydrogen, Thomson Locations: Port Hedland, Pilbara, Western Australia, Australia, Bengaluru

☆ Fortescue expands battery and electric powertrain output in UK with new plant
▼ + stars: | 2023-06-18 | by ( ) www.reuters.com time to read: +1 min

June 19 (Reuters) - Australian miner Fortescue Metals (FMG.AX) is expanding its battery and electric powertrain production operations in the UK with a new plant in Oxfordshire, its green power arm Fortescue Future Industries (FFI) said on Monday. The Banbury facility will open in 2024 and operate alongside Fortescue’s other Oxfordshire facilities including the Kidlington factory which will open later this year, FFI said in a press release. The new plant will focus primarily on manufacturing of heavy industry, electric and zero-emission powertrain systems and will offer automated assembly for battery modules and packs. The world's fourth largest iron ore maker, Fortescue is expanding into production of hydrogen from renewable resources, known as green hydrogen, under its Fortescue Future Industries (FFI) unit, and aims to become a global powerhouse in renewable energy. read moreReporting by Jaskiran Singh in Bengaluru; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Fortescue, FFI, Kemi Badenoch, Jaskiran Singh, Kim Coghill Organizations: Fortescue Future Industries, Trade, Thomson Locations: Oxfordshire, Banbury, Bengaluru

In Norway, this will be exported to Europe, while in Kenya it will be turned into fertiliser for local farmers. FLAT IRON ORE OUTPUTFortescue on Monday posted steady iron ore shipments in the March quarter, while costs jumped 12%, but retained its full year shipment guidance despite a cyclone this month that disrupted exports from Australia's iron ore hub. Shares in the world's fourth largest iron ore miner fell as much as 5.3%, underperforming a 2.2% drop in the broader mining sector (.AXMJ) amid a drop in iron ore prices to near four-month lows on demand concerns. It left its shipments guidance for the year to June 2023 unchanged at 187 Mt to 192 Mt. Fortescue said it aims to start mining at its Belinga Iron Ore project in Gabon in the second half of 2023.

☆ Plug Power scraps electrolyser plant partnership with Fortescue
▼ + stars: | 2023-01-27 | by ( Sonali Paul | ) www.reuters.com time to read: +2 min

SummarySummary Companies Plug Power questions plant's economicsFFI wants to use its own electrolyser technologyNo change to capital cost at $83 millionMELBOURNE, Jan 27 (Reuters) - Plug Power (PLUG.O) has walked away from building an electrolyser manufacturing plant in Australia with Fortescue Metals Group (FMG.AX) as the economics did not work, Plug Chief Executive Officer Andrew Marsh said on Thursday. Fortescue had planned to build the world's biggest factory to make electrolysers with Plug Power and began construction in Gladstone in Australia's northeast last February aiming to produce their first electrolyser in 2023. In a business update on Thursday, Plug Power CEO Marsh said the plant deal with Fortescue was off. Fortescue wants to use its own electrolyser technology instead of Plug Power's technology, although it will buy electrolysers from the U.S. company for some of its hydrogen projects, Fortescue founder and executive chairman Andrew Forrest said. "I think Plug Power is very much locked in to certain technology and on a production cycle," Hutchinson told analysts on a quarterly call.

☆ Found Norway shipwreck could be up to 700 years old
▼ + stars: | 2022-12-12 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +6 min

CNN —Resting at the bottom of Mjøsa, the largest lake in Norway, a shipwreck from hundreds of years ago is in almost perfect condition, frozen in time. The lake is a source of drinking water for about 100,000 people in Norway, according to the Norwegian University of Science and Technology, so the munitions posed health risks. Since the shipwreck was found in the middle of the lake, Ødegård believed the ship had gone down in bad weather. It’s most likely that the ship used square-shaped sails, he added, that proved to be difficult to navigate for seafarers caught in extremely windy conditions. The nearly 2,200-year-old shipwreck was relatively well preserved for being thousands of years old.

☆ TotalEnergies may buy green power from Fortescue in Papua New Guinea -regulator
▼ + stars: | 2022-12-08 | by ( Lewis Jackson | ) www.reuters.com time to read: +2 min

SYDNEY, Dec 8 (Reuters) - Fortescue Future Industries is in talks with TotalEnergies to supply power to the fossil fuel company's Papua LNG project from a series of proposed renewable energy projects that a senior official says recently completed feasibility assessments. "Fortescue Future Industries is exploring a range of energy supply and offtake agreements globally for the supply of green energy," said an FFI spokesperson in response to a Reuters query. Fortescue Metals Group (FMG.AX) founder Andrew Forrest signed a flurry of green hydrogen deals over 2020 and 2021 as the iron ore miner's wholly owned clean energy subsidiary looks to become a major green hydrogen producer. Feasibility studies for hydropower projects are also completed, with priority given to a project which could provide power to Papua LNG. He expected FFI would make final investment decisions for the hydropower and geothermal projects in 2023.

☆ Australia's Fortescue taps Woodside veteran as CEO amid green energy push
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Australia's Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. REUTERS/Melanie Burton/File PhotoNov 29 (Reuters) - Australia's Fortescue Metals Group (FMG.AX) on Tuesday appointed former Woodside Energy (WDS.AX) executive Fiona Hick as its chief executive officer, effective February 2023, as Elizabeth Gaines made way for a new boss in August. Hick joins Fortescue at a time when the iron ore giant is delving into mining of critical minerals and rare-earths and is also striving to transition into a green energy firm through its unit Fortescue Future Industries (FFI). She will lead Fortescue Metals' mining arm, culminating a year-long search by the company's billionaire-founder and chairman Andrew Forrest. Gaines, who oversaw a tripling in the share price of one of the world's biggest iron ore miners in the past four years, remains on Fortescue's board as a non-executive director.

☆ In Australia, firms plan 'super hub' to produce green hydrogen using wind and solar
▼ + stars: | 2022-11-16 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

In this article ENR-FFBP Follow your favorite stocks CREATE FREE ACCOUNTThis image shows part of a green hydrogen facility in Spain. A number of major economies, including the EU, are looking to develop green hydrogen projects in the coming years. Angel Garcia | Bloomberg | Getty ImagesPlans for an Australian "super hub" focused on the generation of wind, solar and green hydrogen are taking shape, with those involved hoping it will start producing power by 2027. "Energy generated from the project stands to produce green hydrogen as well as feed renewable power to the grid," FFI said. In Aug. 2021, oil and gas giant BP said "the production of green hydrogen and green ammonia using renewable ‎energy" had become technically feasible at scale in Australia.

☆ EU crisis opens opportunity for Australian green energy exports -Fortescue
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Oct 13 (Reuters) - The energy crisis in Europe presents a huge opportunity for Australia to export more green energy, the chief financial officer at Fortescue Future Industries (FFI) said on Thursday. European nations are pushing to boost renewable energy resources amid an energy crisis to move away from Russian gas. read more"There is a huge opportunity for us to export green energy into Europe ... They are absolutely demanding it," said Guy Debelle, chief financial officer at Fortescue Future Industries, at the Citi Annual Investment Conference in Sydney. Fortescue signed a memorandum of understanding with Germany's largest energy group E.ON (EONGn.DE) earlier this year to explore shipping green hydrogen.

Workers talk outside an office building at the Fortescue Metals Group (FMG) Christmas Creek iron ore mine located south of Port Hedland in the Pilbara region of Western Australia, November 17, 2015. Register now for FREE unlimited access to Reuters.com RegisterThe world's fourth-largest iron ore producer anticipates cumulative operational savings of $3 billion by 2030 with payback on investment by 2034, and expects to save $818 million in costs per year from 2030 onwards. Fortescue and its green-energy unit Fortescue Future Industries (FFI) are trying to rapidly develop infrastructure and technology to produce green hydrogen, as the miner transitions from a pure-play iron ore producer to a green energy firm. (https://bit.ly/3f3jt2R)The miner expects "attractive economic returns" on operating cost savings after eliminating diesel, natural gas, and carbon offset purchases from its supply chain, it added. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Aceasta este o specie de maimuţă-langur - Trachypithecus, după denumirea sa ştiinţifică - endemică în subcontinentul indian şi Asia de Sud-Est, numită după Muntele Popa, un sit sacru situat pe un vulcan inactiv din centrul Myanmarului. În această zonă a fost localizat cel mai mare grup al speciei, cu o sută de indivizi. Alte trei grupuri de Trachypithecus popa au fost identificate, tot în centrul Myanmarului, numărul total al exemplarelor fiind între 200 şi 250, citează Agerpres. „Abia identificată, maimuţa-langur Popa este deja ameninţată cu dispariţia", a avertizat Frank Momberg, unul dintre cercetătorii de la FFI, citaţi într-un comunicat. „Noi studii pe teren şi măsuri de protecţie urgente vor fi efectuate de FFI şi de alţii pentru a salva maimuţele-langur de la dispariţie", a subliniat Ngwe Lwin, primatolog în cadrul proiectului din Myanmar al organizaţiei de mediu.

Persons: Popa, Frank Momberg, Christian Roos Organizations: Flora International, FFI, DPZ Locations: Primatologie, Asia de Sud - Est, britanice, Singapore, Londra, Myanmar

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