ASX Announcements
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RHK: Recommended Off-Market Takeover Offer from Fortescue
Takeover - Other
- Jan 28, 2025
- 4 pages
Yesterday
Twiggy and Nicola Forrest’s Minderoo is sitting on billions
If charities are meant to spend their donations, why is Minderoo sitting on such a big pile of cash?
- Hannah Wootton
January
Fortescue offers $254m for nearby Pilbara iron ore deposit
Billionaire Andrew Forrest’s Fortescue has secured the backing of deposit owner Red Hawk’s board with an all-cash offer.
- Elouise Fowler and Mark Wembridge
Fortescue posts record tonnes as tariff threat hangs over iron ore
Shares in Australia’s top three iron ore miners have fallen since US President Donald Trump threatened to impose 10 per cent tariffs on China.
- Elouise Fowler
Woolworths and Coles remain top Aussie brands despite court action
Commonwealth Bank has reclaimed the title of Australia’s most valuable brand after delivering a $10 billion full-year cash profit in 2024.
- Zoe Samios
Why this exec allows colleagues to see everything in her diary
Sinead Booth, group manager of decarbonisation delivery at Fortescue Metals, is one of the 2024 BOSS Young Executives. She practises radical transparency when it comes to her calendar.
- Sally Patten
FIFO mining camp operator bleeds cash as losses mount
French company Sodexo’s expansion into Australian FIFO camps has racked up nearly $177 million in cumulative losses over the past nine years.
- Peter Ker
Exxon accuses Forrest-linked charity of helping billionaire’s interests
The oil and gas giant has described philanthropic organisations connected to the businessman as “corrupting influence of foreign money”. They deny those claims.
- Tom Rabe
Who’s got a big miner lurking on their share register?
The next time a big miner like BHP, Rio or Fortescue lobs a takeover bid for a small explorer, the target will probably be one of the companies on this list.
- Peter Ker
December 2024
- Opinion
- Governance
I sent Andrew Forrest 50 hard questions. He invited me to have a talk
After months of reporting, and only carefully worded written responses from Fortescue, I found myself with the iron ore billionaire on the company jet in the Pilbara.
- Primrose Riordan
Fortescue’s Game of Thrones moment
When the firm’s troubled Iron Bridge mine blew its budget and fell behind schedule, Andrew Forrest called a meeting likened to the series’ “red wedding” scene.
- Primrose Riordan
Employment shock; Libs leader loses trial; Forrest’s vital moment
Read everything that’s happened in the news so far today.
- Investigation
- Governance
Inside the ‘unending chaos’ at Andrew Forrest’s Fortescue
After a frenetic world tour, the billionaire had to wind back his hydrogen plans. A Financial Review investigation looks at what led to an exodus of executives.
- Primrose Riordan
- Opinion
- Chanticleer
Mercurial Forrest is approaching a vital moment at Fortescue
In coming years, Andrew Forrest must juggle growing pressure on his flagship iron ore business, a capital-hungry decarbonisation program, and a push into green iron.
- James Thomson
- Exclusive
- Governance
Fortescue executive chairman Andrew Forrest in his own words
After The Australian Financial Review sent 50 questions following an investigation, the iron ore billionaire and green energy advocate sat down for an interview.
- Primrose Riordan
China’s surprise pledge sends commodities soaring
BHP and Rio Tinto rallied with commodity prices after Beijing signalled bolder support for the world’s second-largest economy next year.
- Updated
- Joanne Tran
- Analysis
- AGM season
Wine, coffee and shortbread biscuits: Inside this year’s AGM season
“Why can’t you pay dividends in gold instead of cash?” one investor asked the mining company’s board. “I want to hang a chunk from a necklace.”
- Mark Wembridge
November 2024
Rio Tinto faces $400m bill amid Pilbara native title water squeeze
The Yindjibarndi Aboriginal Corporation has asked officials to limit groundwater extraction, forcing big miners and gas developers to scramble for more supply.
- Peter Ker
Forrest makes ‘dollars and cents’ appeal to climate sceptic Trump
The US president-elect has already reached out to the Fortescue boss, who has switched from environmental rhetoric to the language of economic rationalism.
- Hans van Leeuwen
Outback property the size of Sydney once coveted by Twiggy now on sale
Mining giant Fortescue has ditched plans to develop a renewable energy project on Rawlinna Station, which is Australia’s largest sheep station.
- Larry Schlesinger
Fortescue Energy chief quits religious group board amid staff concerns
Mark Hutchinson is no longer a director of Alpha Australia National Office, whose evangelical attitudes towards sex have displeased many employees.
- Peter Ker