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Fortescue Metals Group

Company nameFortescue Metals Group Ltd
Company typePublic (Asx - FMG)
HeadquartersPerth, Western Australia
Key peopleAndrew Forrest (CEO)
Herb Elliott (Chairman)
ProductsIron ore
Revenue$3,220,062,000 (2010)
Net income$580,946,000 (2010)

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Fortescue Metals Group (Asx - FMG) is an Australian iron ore mining company. The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia making it the largest tenement holder in the state. It is listed as FMG on the Australian Securities Exchange (ASX).

In 2008, the group loaded its first iron ore shipment bound for China. Fortescue have at least 10 Chinese steel mill contracts lasting for around 10 years. Baosteel was the first company to receive their iron ore.

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