Date Time
Enthusiasm for inspiring next generation of Aboriginal youth drives Fortescue’s Ceo for a day
Fortescue Metals Group’s (Fortescue) latest CEO for a Day is driven by his enthusiasm to seize every opportunity and his passion to mentor Aboriginal youth.
Today, Jeffrey Farrell stepped into the shoes of Chief Executive Officer Elizabeth Gaines for the release of the Company’s March 2021 quarterly production report.
In its seventh year, Fortescue’s CEO for a Day program continues to provide aspiring Aboriginal leaders with the opportunity to join the Company’s leadership team to experience how the business operates at the highest levels.
Metals Group
Fortescue CEO Elizabeth Gaines said on an April 29 call with analysts that she expects the Chinese government s policies to remain supportive for steel demand through 2021 with a focus on promoting domestic consumption and sustaining investment. The strong demand coupled with environmental-related production controls in Tangshan contributed to a sharp increase in steel mill margins, Gaines said, though she expects these factors will be offset with production increasing elsewhere, given China s latent steelmaking capacity and a strong demand environment.
In March, steel mills in China s major producing hub Tangshan were largely ordered by the local government to cut production in a bid to counter air pollution in the city.
29 April 2021
Fortescue Metals Group is moving ahead with its plans to achieve net zero operational emissions by 2030, this week commissioning Contract Power Australia to deliver the big battery component of its $450 million solar and gas hybrid Pilbara Generation project.
Contract Power parent company Pacific Energy said on Thursday that it had been signed up to design, construct, test, install and commission two battery energy storage systems totalling 42MW as part of Fortescue’s integrated power network in the Pilbara region.
The Pilbara batteries will total 42MW and 13MWh and are being developed alongside 150MW of solar and 150MW of new gas-fired generation that will be owned and operated by Fortescue as part of the $450 million generation component of its $700 million Project Energy Connect.
Steel Smashes Records as China Intensifies Emissions Crackdown
Apr 30 2021, 5:41 AM
April 29 2021, 12:55 PM
April 30 2021, 5:41 AM
(Bloomberg) Chinaâs steel futures hit fresh records as the government added to a sweep of measures aimed at reining in output and emissions in the worldâs top producer. Iron ore was steady.
(Bloomberg) Chinaâs steel futures hit fresh records as the government added to a sweep of measures aimed at reining in output and emissions in the worldâs top producer. Iron ore was steady.
Steelmakers are coming under sharper scrutiny after President Xi Jinpingâs government said it wanted output to fall from record levels of more than a billion tons. In the latest hawkish move, the countryâs environment minister ordered inspections to root out mills with illegal discharges or fraudulent emissions data.
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