For more detail company profile visit at : fmgl.com.au

Corporate Overview

A Dynamic Organisation

Fortescue is at the driving-edge of the current iron ore rush.

Since the Company was formed in 2003, its extraordinary growth has been unparralleled. With a market capitalisation of more than $30 billion and an ever-growing reputation for success, Fortescue is well-positioned to become the next Australian mineral export heavy-weight.

Construction of Fortescue’s port, rail and mine project commenced in February 2006 with the turning of the first sod at the Company’s port site at Anderson Point in Port Hedland. Just two years later, the open-access rail infrastructure is complete, the Fortescue Herb Elliott Port is operational and the mining operations at the Company’s first minesite, known as Cloudbreak, are well underway.

Shippping started on 15 May of 2008.

Fortescue’s project was founded on the raising of A$3.7 billion capital, including A$1 billion equity, during two finance roadshows in August 2006 and July 2007. The August 2006 raising was the largest single high-yield Asia-Pacific transaction, the largest high-yield bond project financing ever, one of the largest corporate bonds out of Australia and one of the largest global bond issues in the sector. Since then Fortescue has grown to become a S&P/ASX 50 company.

Initial production will be 55 million tonnes of iron ore per annum and market driven expansion will occur as required. This initial tonnage has sold out and agreements exist for up to 50 million tonnes per annum of expansion tonnage.

With about 4.5 billion tonnes of Resources, including 1.1 billion tonnes of Reserves already delineated from less than 15% of its 40,000 square kilometres of tenements- the largest in the Pilbara - Fortescue is well-positioned to take advantage of the current ‘golden age’ for iron ore.