Tag: Elizabeth Gaines

All images: FMG.   BY ELIZABETH FABRI   IT’S all systems go for Fortescue Metals Group (FMG). After launching its higher grade West Pilbara Fines iron ore in December, the miner is now gearing up to begin construction at Eliwana – the third new iron ore project green lit for WA’s Pilbara region. The shipment of a higher grade West Pilbara Fines (WPF) product in December was the beginning of a new chapter for iron ore giant FMG. Up until now, FMG was best known for its 58 per cent iron ore mined from its Chichester and Solomon Hubs. But, over the last 12 months FMG grappled with wide discounts for this lower grade product, as Chinese steel mills appetite...

FMG’s third chief executive Elizabeth Gaines. All images: FMG.   BY ELIZABETH FABRI   THE resignation of Fortescue Metals Group (FMG) long-term boss Nev Power in February marked the end of an era for the iron ore giant. But it hasn’t taken long for new chief Elizabeth Gaines to begin paving a legacy of her own, as FMG diversifies into new markets and commodities, and advances its $US1.275billion Eliwana project.   Less than six months since her promotion from chief financial officer to chief executive, Elizabeth Gaines has settled well into the FMG driver’s seat. When announced as Nev Power’s replacement back in November, it was clear Ms Gaines had some big shoes to fill – who can forget Mr Power’s...