Fortescue on Accelerated Path for Net-Zero Emission: CEO

Fortescue aims to achieve net zero emissions by 2030, focusing on eliminating diesel use in its mining fleet. The acquisition of Williams Advanced Engineering supports this goal by advancing battery technology. Fortescue plans to maintain Williams' UK operations while collaborating closely. The company is diversifying into green energy, with projects like Electrolyzer manufacturing in Queensland. Despite strong demand from China, Fortescue faces challenges such as labor shortages and border restrictions in Western Australia. The company has implemented COVID-19 management plans and vaccination mandates to address these issues.

What is Fortescue's target year to achieve net zero emissions?

• 2040

• 2030

• 2025

• 2050

Why did Fortescue acquire Williams Advanced Engineering?

• To diversify into green energy

• To enter a new market

• To relocate operations to Australia

• To compete with Rio and BHP

Where will Williams Advanced Engineering continue to operate?

• Australia

• United States

• United Kingdom

• China

What challenge is Fortescue facing due to the pandemic?

• Technological setbacks

• Increased competition

• Labor shortages and border restrictions

• Decreased demand in China

What measure has Fortescue implemented to manage COVID-19 at their sites?

• Remote work for all employees

• Mandated vaccination for site entry

• Closure of all operations

• Increased production rates