Fortescue Ltd (ASX:FMG)
![](https://www.raskmedia.com.au/wp-content/uploads/2020/08/fortescue-metals-group-limited-ASX-FMG-2.png)
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Fortescue Ltd (ASX: FMG) is a global leader in the iron ore industry, known for its leading development of world class infrastructure and mining assets in the Pilbara region of Western Australia. Fortescue was founded in 2003 by Andrew Forrest, who is now one of Australia’s wealthiest people. The vast majority of Fortescue’s iron ore, a steel-making ingredient, is shipped and sold to Chinese customers.
Fortescue Ltd (ASX:FMG) share price
Fortescue Ltd (ASX:FMG) share price news
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ASX 200 Pre-Market News
Here are the news headlines from the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) on Friday. In focus: Gentrack Group Ltd (ASX:GTK) reaffirms guidance and the Atlas Iron Ltd (ASX:AGO) board tips the Hancock offer.
![Lunch ASX update](https://www.raskmedia.com.au/wp-content/uploads/2018/05/sandwhich-lunch-food-toast-bread-meal-dinner-breakfast-768x518.jpg)
![Jaz Harrison](https://www.raskmedia.com.au/wp-content/uploads/2023/03/jaz-harrison-300x300.png)
ALL ORDINARIES Index Down, BHP Shares Fall
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.5% at lunch.
![](https://www.raskmedia.com.au/wp-content/uploads/2018/02/mine-truck-coal-deposit-dump-768x521.jpg)
Fortescue Metals Group Limited (FMG) Approves $US1.3b Pilbara Project
Fortescue Metals Group Limited (ASX:FMG) announced that its board has approved the development of the West Australian Eliwana mine and rail project, estimated to cost $US1.275 billion.
![asx-news-update-interview-listen-record-phone-mic-report-up-down-news-hand-global-markets](https://www.raskmedia.com.au/wp-content/uploads/2018/05/news-update-interview-listen-record-phone-mic-report-up-down-news-hand-global-markets-768x473.jpg)
S&P/ASX 200 Pre-Market News
Futures contracts for the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) index are pointing to a negative open on Monday morning with oil prices, Fortescue Metals Group Limited (ASX:FMG) and Fisher & Paykel Healthcare Corp Ltd (ASX:FPH) in the news.
![lift-weight-heavy-asx-up-down-bounce-jump-fit](https://www.raskmedia.com.au/wp-content/uploads/2018/04/lift-weight-heavy-asx-up-down-bounce-jump-fit-e1522997097524-768x480.png)
ASX 200 Flat As Fortescue Shares Lift
The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) indices ended mostly flat on Friday as shares of Fortescue Metals Group Limited (ASX: FMG) lifted the ASX 200 higher.
![Lunch ASX update](https://www.raskmedia.com.au/wp-content/uploads/2018/01/lunch-food-snack-plate-e1569390475603-768x543.png)
![Jaz Harrison](https://www.raskmedia.com.au/wp-content/uploads/2023/03/jaz-harrison-300x300.png)
CSL Is Weighing On The ALL ORDINARIES Index
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.59% at lunch.
![ASX-share-price-rocket](https://www.raskmedia.com.au/wp-content/uploads/2018/03/rocket-growth-up-space-stars-increase-high-768x514.jpg)
ASX 200 Lifts Off Tuesday
The S&P/ASX 200 (INDEXASX: XJO) (^AXJO) and All Ordinaries (INDEXASX: XAO)(^AORD) ended higher on Tuesday, according to Yahoo! Finance.
![Lunch ASX update](https://www.raskmedia.com.au/wp-content/uploads/2018/01/lunch-salad-meal-eat-768x714.png)
![Jaz Harrison](https://www.raskmedia.com.au/wp-content/uploads/2023/03/jaz-harrison-300x300.png)
CSL Is Boosting The ALL ORDINARIES Index
Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is up by 0.58% at lunch.
![](https://www.raskmedia.com.au/wp-content/uploads/2018/01/happy2-768x512.jpg)
S&P/ASX 200 Expected To Open Higher
The Australian share market or S&P/ASX 200 (INDEXASX: XJO)(ASX: XJO) index is expected to open higher Tuesday morning, according to data from the Sydney Futures Exchange.