FMG 5.53% $20.14 fortescue ltd

Ann: June 2024 Quarterly Production Report, page-13

  1. 11,016 Posts.
    lightbulb Created with Sketch. 1308
    Very good Qtly in my view.

    Green hydrogen projects aren't dead, far from it.

    "Fortescue Energy Chief Executive Officer, Mark Hutchinson said, “As we lead the world in industrial decarbonisation, we remain steadfast in our commitment to green hydrogen. Our financial discipline will ensure that we focus hard only on those projects that are economic and deliver best value for shareholders."

    and

    "Fortescue has a portfolio of projects which show significant potential. Demonstrating the Company’s track record of financial discipline, Fortescue will continue to focus only on projects that are economically viable."


    Wind and solar projects priorities, look at my posts in the Power thread. They've acquired two massive projects off Windlab.

    Drilling looks like will be underway in Peru (Alta Copper)!

    Decarbonisation progress included initial commissioning of the 100 megawatt solar farm at North Star Junction and first operation of a hydrogen-powered battery electric haul truck prototype.

    The ramp up to full production capacity at Iron Bridge is still expected in the September quarter 2025.

    All else looks on track to me.

    Tony

 
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