Key points
- Record shipments of 97Mt, comprising 94Mt of Hematite and 3Mt of Magnetite
- Committed to eliminating fossil fuels and achieving Real Zero across Scope 1 and 2 emissions from Australian iron ore operations by 2030
- Signed green equipment partnerships with Liebherr and XCMG for zero emission mobile equipment
Full summary
Fortescue Ltd, the technology, energy and metals group, has reported its financial results for the half year ended 31 December 2024. The company achieved record shipments of 97Mt, comprising 94Mt of Hematite and 3Mt of Magnetite, reflecting consistent performance across the supply chain and healthy inventories. Hematite ore mining increased to 107Mt, with a higher strip ratio of 1.74x, consistent with the mine plan and schedule. Both the Hall Hub and Flying Fish projects continued their ramp-up during the half. Fortescue's commitment to decarbonisation remains a key focus, with the company committed to eliminating fossil fuels and achieving Real Zero across Scope 1 and 2 emissions from its terrestrial Australian iron ore operations by 2030. Key milestones achieved during the half include signing green equipment partnerships with Liebherr and XCMG for zero emission mobile equipment, commissioning a 100MW solar farm, and commencing works on a pilot Green Metal Project. Fortescue also made progress on its renewable energy projects, including solar, wind, battery storage, and large-scale transmission lines to power its sites with renewable energy.