LEADERSHIP

FMG donates to China's earthquake victims

PROCEEDS of around $A350,000 from Fortescue Metal Group's first commercial shipment of iron ore w...

MiningNews.Net

This article is 16 years old. Images might not display.

The first shipment of 180,000 tonnes of iron ore to major Chinese steelmaker Baosteel is valued at around $11 million.

The shipment is expected to arrive in China on May 27.

The donations will be given to victims of the 7.9-magnitude earthquake that struck the Sichuan province on Monday, killing some 50,000 people, according to official estimates.

The news comes after Forrest donated $80 million worth of Poseidon Nickel options and FMG shares to the Australian Children's Trust last year.

Forrest, who is chairman of Poseidon and chief executive of FMG, donated his entire Poseidon options entitlement of 115 million options and 1 million FMG shares to the trust.

Shares in FMG were trading 11c higher at $9.35 in early afternoon trade.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.