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Fortescue–Red Hawk deal closer to completion - Australian Mining

Summary by Australian Mining

Image: Kings Access/stock.adobe.comFortescue has increased its interest in Red Hawk Mining to 90.09 per cent, cementing the iron ore miner as the company’s majority shareholder. The upped shareholding marks the beginning of Fortescue undertaking the compulsory acquisition process under the Corporations Act 2001 to takeover Red Hawk Mining. The acquisition has progressed at a quick pace, having only been announced in late January. Under the $254 …

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Mining Magazine

A record six months for Fortescue - Mining Magazine Australia

Image: FortescueFortescue has announced the delivery of record shipments and billions in profits over the first six months of the 2024–25 financial year (H1 FY25). Iron ore shipments were up three per cent on H1 FY24 to 97.1 million tonnes (Mt). Fortescue treated investors to a fully franked interim dividend of $0.50 per share after banking $US1.6 billion ($2.5 billion) in profits for H1. The dividends represent a 65 per cent payout of H1 profit…

3 days ago

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