Fortescue Ltd. engages in the development of iron ore deposits. It operates through the following segments: Iron Ore, Fortescue Future Industries (FFI), and Corporate. The Iron Ore segments comprises of the exploration, development, production, processing, sale and transportation of iron ore, and the exploration for other minerals. The FFI segment consists of undertaking activities in the global development of green electricity, green hydrogen and green ammonia projects. The Corporate segment refers to cash, debt and tax balances which are managed at a Group level, together with other corporate activities. The company was founded by John Andrew Henry Forrest in April 2003 and is headquartered in East Perth, Australia.