Fortescue Metals Group chairman Andrew Forrest has committed the company to a multibillion-dollar plunge into the renewable energy sector as he seeks to replicate and eventually surpass its success in iron ore mining.
Dr Forrest told the company's annual general meeting on Wednesday that a Fortescue team had visited 23 countries and planned to visit 24 more as Fortescue looked to secure assets for renewable energy generation.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
