Iron · Senior · Producer · Africa · Australia
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Portfolio Aggregate · 2 projects
Portfolio mode — asset rows are for context only; tab totals use the company aggregation.
Fortescue Total Group
Portfolio
Project information
As at 30 June 2025
Description
As at 30 June 2025
Consolidated Fortescue Metals operations (Chichester Hub, Western Hub, Iron Bridge) plus Belinga (Gabon) and Fortescue Energy decarbonisation activities. FY25 (year-ended 30 June 2025) financial highlights: total shipments 198.4 Mt (record), revenue US$15,541M, underlying EBITDA US$7,941M, NPAT US$3,366M, dividends declared A$1.10/share, net debt US$1.1B at 30 June 2025. Hematite C1 cost US$17.99/wmt (A$27.59/wmt). Hematite revenue realisation 84 % of Platts 62% CFR Index.
Portfolio Aggregate
Multiple effective dates
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Reserves & resources — detail
As at 30 June 2025
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Pilbara Other (Development)
Portfolio · Pre-feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Development properties Mineral Resource in the Pilbara region of Western Australia — includes Fig Tree, Mindy South, Triton, Wonmunna, Panhandle, Earendil, Indabiddy, Prairie Heights, Yorick and McPhee Creek deposits. JORC 2012 — 1,623 Mt total @ 57.7% Fe as at 30 June 2025.
Portfolio Aggregate
As at 30 June 2025 · exclusive
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Reserves & resources — detail
As at 30 June 2025
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Operating · 3 projects
Iron Bridge
Asset · Operating · Ownership 69%
Project information
As at 30 June 2025
Description
As at 30 June 2025
Magnetite mining and processing operation producing high-grade (~67 % Fe) magnetite concentrate. Nameplate capacity revised from 22 Mtpa to lower run-rate following operational review. FY25 magnetite shipments 7.1 Mt; FY26 guidance 10-12 Mt (100% basis); H2 FY27 annualised target 16-20 Mt. Operation entered staged ramp-up with optimisation work on dry plant and raw water pipeline ongoing.
Mining metrics
Multiple effective dates · exclusive
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Reserves & resources — detail
As at 30 June 2025
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Western Hub
District
Project information
As at 30 June 2025
Description
As at 30 June 2025
Open-pit hematite iron-ore complex comprising the Solomon (Firetail, Kings, Queens) and Eliwana mines plus the Flying Fish and Blacksmith deposits. ~60 km north of Tom Price. Blacksmith deposit acquired via the March 2025 acquisition of Red Hawk Mining. Eliwana features a low-profile OPF and dual stacker-reclaimer.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Chichester Hub
District
Project information
As at 30 June 2025
Description
As at 30 June 2025
Combined open-pit hematite iron ore complex in the Chichester Range, Pilbara, comprising the Cloudbreak and Christmas Creek mines, with ore processed through three OPFs. Includes the Green Metal Project (DRI feedstock pilot) and a 60 MW solar farm at Christmas Creek; a 190 MW solar farm is under construction at Cloudbreak. R&R effective 30 June 2025. Effective JORC inclusive resource basis.
Mining metrics
As at 30 June 2025 · inclusive
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Reserves & resources — detail
As at 30 June 2025
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Exploration · 6 projects
Nyidinghu
Asset · Pre-feasibility
Project information
Description
Pilbara hematite iron-ore exploration project. Identity-only row.
Mining metrics
As at 30 June 2025 · exclusive
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Reserves & resources — detail
As at 30 June 2025
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Belinga Iron Ore Project
Asset · Feasibility
Project information
Description
Belinga Iron Ore Project in north-east Gabon. JV between Fortescue (subject to Gabon government partnership terms) and Société Equatoriale des Mines (SEM). Early-stage development with ASX-disclosed exploration drilling underway in 2025. The project represents Fortescue's first major iron ore growth opportunity outside Australia.
Mining metrics
As at 30 June 2025
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Blacksmith (Red Hawk acquisition)
District · Feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Blacksmith deposits (Delta, Eagle, Blackjack, Champion and Paragon) located approximately 30 km west of Solomon operation in the Pilbara. Acquired in FY25 via Fortescue's acquisition of Red Hawk Mining Limited. Mineral Resources from Red Hawk FY24 Annual Report (24 September 2024) — included in Operating property Mineral Resources only (no reserves declared yet).
Mining metrics
As at 30 June 2025 · exclusive
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Reserves & resources — detail
As at 30 June 2025
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Greater Solomon (Development)
District · Feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Development properties Mineral Resource east of the Western Hub Solomon mine, including Serenity, Queens East West (previously Sheila Valley), Mount MacLeod, Cerberus, Stingray and Raven deposits. JORC 2012 — Indicated 131 Mt + Inferred 1,980 Mt = 2,111 Mt @ 56.7% Fe as at 30 June 2025.
Mining metrics
As at 30 June 2025 · exclusive
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Reserves & resources — detail
As at 30 June 2025
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Greater Western (Development)
District · Feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Development properties Mineral Resource extension to the Western Hub area, including Flying Fish South, Vivash, Cobra, Lora, Zorb, Farquhar, Elevation, Boolgeeda CID and Wyloo North deposits. JORC 2012 — Indicated 99 Mt + Inferred 1,803 Mt = 1,902 Mt @ 56.7% Fe as at 30 June 2025.
Mining metrics
As at 30 June 2025 · exclusive
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Reserves & resources — detail
As at 30 June 2025
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Greater Chichester (Development)
District · Feasibility
Project information
As at 30 June 2025
Description
As at 30 June 2025
Development properties Mineral Resource extension to the Chichester Hub area, including Investigator, White Knight and Mount Lewin deposits. JORC 2012 — 829 Mt Inferred @ 55.9% Fe as at 30 June 2025.
Mining metrics
As at 30 June 2025
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Reserves & resources — detail
As at 30 June 2025
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Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
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How to read this tab
- The tables below list unit codes most often used in the Base Metals sector for this company. MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
What the Portfolio tab shows
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
Concepts in your sector — Base metals
- Cu % / Zn % are the grade norm for base metals; kg/t is for very high-grade deposits. Porphyry copper is typically 0.3–1% Cu; SEDEX zinc 5–15% Zn.
- C1 vs C2 vs C3 vs AISC. C1 is direct mining + processing + transport + by-product credits. C2 adds depreciation; C3 adds corporate/indirect costs. Compare like for like.
- TC/RCs (treatment & refining charges) are smelter payments per dry metric tonne of concentrate — a non-trivial part of base-metal economics, not shown on the Portfolio tab.
- Concentrate vs metal. Miners often sell concentrate (~25–30% Cu) and are paid for contained metal minus TC/RCs. Portfolio books contained metal on a 100% basis.
Portfolio tab — table guide
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
Ownership / Working interest
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
- Consolidation method — how the issuer accounts for the asset. Separate from how much the company owns (ownership %) and who operates it, this accounting treatment decides whether an asset's figures sit inside the company's reported group totals or are stripped out to a single net line. It applies to operating assets (mines, oil & gas fields, processing facilities) and is left blank for royalties, streams, and company-level portfolio rollups.
- Consolidated — the company controls the asset and includes 100% of its figures in the group total; the portion it does not own is carried as a non-controlling interest (NCI). Control is not the same as a majority, so a company can consolidate an asset it holds less than half of. Where ownership is below 100%, the Portfolio shows the NCI percentage (100 minus the company's stake).
- Proportionate — a jointly-operated asset the company includes at its own share, line by line; the share is inside the group total.
- Equity method — an associate or joint venture shown on a single net line, with its revenue excluded from the group total. This is the usual reason a company's reported total is smaller than the sum of its individual assets; the Portfolio flags the share of a commodity total that is equity-accounted.
- Cost / other — a passive or fair-value holding, excluded from the group total.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Iron
Copper uses kt Cu bands; lb-scale copper resources are converted to kt. Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
Assumptions
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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