Fortescue (OTCMKTS:FSUMF) is the over-the-counter listing of Fortescue Metals Group, an Australian resources company primarily engaged in the exploration, development and production of iron ore. Established in 2003, the company has grown to become one of the world’s largest producers of high-quality iron ore, supplying steelmakers across Asia, Europe and North America. Fortescue operates a vertically integrated network encompassing mines, railways and port facilities to move ore from the Pilbara region of Western Australia to global customers.
Since commencing iron ore shipments in 2008, Fortescue has invested heavily in infrastructure, including a dedicated heavy haul railway and port terminals at Port Hedland. These assets support annual production of more than 170 million tonnes of iron ore and enable the company to deliver consistent product grades to meet stringent customer specifications. Fortescue’s operational focus remains on efficiency, reliability and the continual optimization of its Pilbara operations.
In recent years, Fortescue has diversified beyond iron ore into renewable energy and development of green commodities, including hydrogen and ammonia. The company’s strategy seeks to leverage its infrastructure and engineering expertise to support decarbonization in heavy industries. Through joint ventures and technology partnerships, Fortescue is advancing projects aimed at producing zero-emission fuels for domestic and export markets, positioning itself as a player in the emerging global hydrogen economy.
Headquartered in Perth, Western Australia, Fortescue is led by founder and non-executive chairman Andrew “Twiggy” Forrest alongside a senior management team responsible for its mining, logistics and energy ventures. The company places emphasis on sustainable development and community engagement, working closely with Indigenous traditional owners and regional stakeholders. Fortescue continues to expand its footprint while adhering to rigorous environmental and social standards.
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