Fortescue makes new board appointments

Fortescue Metals Group (FMG) has appointed Peter Meurs as an executive director and Elizabeth Gaines as a non-executive director to its board, the company said on Friday February 22.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Meurs is director of development at FMG, whose responsibilities span from exploration through studies and project development to delivery of capital expansion projects.

Previously, he was founder and md of mining service provider WorleyParsons.

Gaines is coo, cfo and an executive director of The Jetset Travelworld Group. Previously, she was cfo of the Stella Group, chief finance and operations director of UK-based Entertainment Rights, and ceo of Heytesbury Pty Limited.

“[Gaines] adds to the boards’ extensive international experience in all aspects of financial and commercial management,” FMG chairman Andrew Forrest said in a statement.

Earlier this week, FMG reported that its net profit after tax for the six months ended December 31 fell 40% to $478 million on lower iron ore prices.

What to read next
Chromite prices rose further in the two weeks to Tuesday May 31 on support from cost pressures and logistical issues in South Africa
UG2/MG chrome ore prices experienced major declines in the week to Tuesday July 12, dropping by $15 per tonne week on week, as the market saw the beginnings of a break in the continuing stalemate of recent weeks
The European charge and high-carbon ferro-chrome benchmark for the third quarter of 2022 has slumped by 16.7% from the previous quarter’s settlement to $1.80 per lb
Executives at major flat-rolled steel producers in the United States discussed three common themes during their companies’ earnings calls for the second quarter of 2022, sharing views on a potential recession, affects from recent government policy changes and trends in steel raw materials
Following a consultation period and market feedback, Fastmarkets will switch its Houston ferrous scrap price series to a consumer buying assessment on January 1, 2023, from its current methodology as a dealer selling assessment.
Austrian aluminium producer AMAG and German automotive manufacturer Audi have developed a recycled aluminium material for vehicle wheels to be put into series production, it was announced on Wednesday, August 3.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.