Fortescue Metals Group Revenue and Competitors

Fortescue Metals Group is a global leader in the iron ore industry, recognised for its culture, innovation and industry-leading development of world class infrastructure and mining assets in the Pilbara, Western Australia. Since it was founded in 2003, Fortescue has discovered and developed major iron ore deposits and constructed some of the most significant mines in the world. Now producing 165 — 170 million tonnes of iron ore per annum, the Company has grown to be one of the largest global iron ore producers and is focussed on its vision of being the safest, lowest cost, most profitable iron ore producer. The Company’s operations span four mine sites in the Pilbara. The Chichester Hub, which includes the Cloudbreak and Christmas Creek mines, is located in the Chichester Ranges and the Solomon Hub, in the Hamersley Ranges, includes the Firetail and Kings Valley mines. Fortescue owns and operates an integrated supply chain including its five berth Herb Elliott Port in Port Hedland and the fastest, heavy haul railway in the world with up to 42 tonne axle load capacity over 620km of track. With only a ten-day seaborne journey from Port Hedland to China, Fortescue has longstanding relationships with customers and stakeholders in China and has contributed to China’s remarkable economic development and ongoing urban growth. Embracing innovation is deeply engrained in Fortescue’s approach to business, as the first company in Western Australia to control a railway from outside a region of operation and the first company in the world to use CAT autonomous haulage technology on a commercial scale. As a proud West Australian company, Fortescue values its relationship with key stakeholders by working together to positively manage and create opportunities for Aboriginal people, build up communities, protect the environment and strengthen the broader Australian economy. Mining and Metals, Iron Ore