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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Fortescue Ltd | ASX:FMG | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.51 | 2.79% | 18.76 | 18.76 | 18.77 | 18.81 | 18.35 | 18.35 | 2,268,625 | 04:02:48 |
From Jan 2023 to Jan 2025
By Rhiannon Hoyle
Fortescue Metals Group has approved two clean energy projects and another aimed at producing iron using renewable energy, with the planned investments totaling roughly $750 million over the next three years.
Directors of Fortescue's board approved investment in the Phoenix Hydrogen Hub in the U.S., the Gladstone PEM50 Project in Australia's Queensland state and a so-called green iron trial plant in Western Australia, the company said Tuesday.
Fortescue, one of the world's biggest producers of iron ore, said it now expects capital expenditure of $500 million for its energy unit this fiscal year, up from a prior estimate of $400 million. The capital expenditure estimate for its metals business is unchanged.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
November 20, 2023 19:05 ET (00:05 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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