Fortescue Metals' original chief financial officer, Christopher Catlow, today announced his retirement from the company effective 31 May.
Fortescue Metals failed to meet yesterday's deadline for a US$6 billion funding deal with Chinese banks.
The rebound in Western Australia's mining sector has continued in June, helping to drive a 5.9% rise in the Deloitte WA Index.
Fortescue Metals has reached an agreement in its shipping dispute with Classic Maritime.
FMG Share Subscription Agreement receives approval from the Chinese Government.
Fortescue Metals has confirmed recent speculation that it is in talks with Chinese financial leaders.
Six out of 10 Australians want the Federal Government to block Chinalco's proposed $27 billion investment in Rio Tinto, according to a Newspoll taken over the weekend.
Some of Australia's most prominent mining leaders gathered in Sydney yesterday, calling for the government to get serious about underwriting investment in the industry.
The Foreign Investment Review Board (FIRB) is yet to make a decision on China's Minmetals' proposed takeover bid of OZ Minerals.
The Foreign Investment Review Board (FIRB) has delayed its decision on China's Hunan Valin Iron and Steel Group's proposed investment in Fortescue Metals Group, Fortescue said in a statement to the Australian Securities Exchange.