Fortescue Ltd (ASX: FMG) is a global leader in the iron ore industry, known for its leading development of world class infrastructure and mining assets in the Pilbara region of Western Australia. Fortescue was founded in 2003 by Andrew Forrest, who is now one of Australia’s wealthiest people. The vast majority of Fortescue’s iron ore, a steel-making ingredient, is shipped and sold to Chinese customers.
The Australian share market, including the S&P/ASX 200 (INDEXASX:XJO)(ASX:XJO) and All Ordinaries (INDEXASX:XAO)(ASX:XAO), closed firmly higher on Wednesday.
