Shares of Australian mining giant Fortescue Metals Group (FMG.AX) jumped more than 5% on Thursday after the company reported record iron ore shipments for the fourth quarter, beating analyst expectations with lower costs. However, Fortescue also announced it is scrapping its green hydrogen projects in the U.S. and Australia, signaling a strategic shift.
Rio Tinto PLC has appointed Simon Trott, head of its iron ore division, as the company’s new chief executive officer. Trott will succeed Jakob Stausholm, who announced his decision to step down in May. The leadership change takes effect on August 25.
19 Feb 2026-09:46
15 Jul 2025-11:44
