ASX Announcements
Yesterday
Fortescue green dream sullied by spying revelation
Andrew Forrest is nowhere to be seen after the discovery that private investigators were hired by the company to spy on the families of former employees.
- Brad Thompson
This Month
Fortescue’s ex-iron ore boss joins Evolution board after abrupt exit
The long-time resources executive has become a director of the gold and copper producer almost a year after leaving Andrew Forrest’s iron ore and energy group.
- Brad Thompson
June
Fortescue should face EPA audit, native title group claims
Fortescue’s stoush with the Yindjibarndi people has deepened, with the native title group asking the WA government to review permits for the Solomon mining hub.
- Peter Ker
Monster $1.1b block trade in Fortescue; JPMorgan on ticket
A big fund manager sent JPMorgan out to find buyers for a billion-dollar sell-down of Fortescue after the closing bell.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Fortescue’s British Formula 1 car designer loses CEO
The Williams Advanced Engineering boss is the latest executive to exit Andrew Forrest’s empire. WAE is central to the company’s batteries ambitions.
- Brad Thompson
Forrest lieutenant Julie Shuttleworth exits Fortescue after a decade
Her departure adds to the growing list of executives who have left Fortescue recently. Ms Shuttleworth said she was leaving to spend more time with her family.
- Brad Thompson and Peter Ker
More pain tipped for iron ore as BHP, mining stocks sink
Strategists are warning that the sell-off in the steel-making ingredient could drag prices below $US100 a tonne, which would spell further trouble for the big miners.
- Alex Gluyas
Fortescue accuses former execs of green iron IP breach
Andrew Forrest’s company has launched legal action against two of the architects of its clean energy pivot over claims they copied a green iron technology.
- Peter Ker
May
Andrew Forrest’s Fortescue is now a software firm as well
Fortescue has signed a deal to sell software to Jaguar Land Rover’s electric vehicles, as the iron ore giant’s energy arm branches out in new directions.
- Hans van Leeuwen
‘Back in the game’: Hydrogen sector celebrates from afar
Almost 50 Australian companies were in Rotterdam for the World Hydrogen Summit. When news of the budget bonanza came through, the reaction was ecstatic.
- Updated
- Hans van Leeuwen
Labor’s $24b green energy superpower bet
The government has made a multi-billion dollar bet on renewable energy powered by hydrogen, critical minerals processing and commodity exports.
- Ben Potter
Fortescue, Woodside find common ground on green hydrogen
Andrew Forrest has been one of the oil and gas giant’s biggest critics. The two are on the same page about US tax credits issues holding up renewable projects.
- Brad Thompson
After losing a deal, Stokes’ newspaper pursued Forrest
The West Australian published dozens of critical articles about Fortescue’s founder after he refused to buy trucks from a related company.
- Updated
- Aaron Patrick
Ex CSIRO boss would pick different ‘winners’ in $1b quantum push
Larry Marshall, former CEO of CSIRO, says taxpayer money should be targeted at points in the quantum computing supply chain, not the finished product.
- Liam Walsh
Forrest accuses US of sacrificing green dream to fossil fuel lobby
Fortescue founder Andrew Forrest unleashed on the US government over a threat to tax credits that underpin an $836 million green hydrogen project in Arizona.
- Brad Thompson
April
Tasmea helps break IPO drought after spurning private equity
Stephen Young says he held out for the thawing of the IPO market rather than commit a “breach of faith” by selling to private equity buyers.
- Simon Evans
Fortescue playing catch up on iron ore shipments
The Andrew Forrest-led miner is adamant it can hit the lower end of guidance for shipments in 2023-24, despite its problems over the past three months.
- Brad Thompson
Forrest-backed Minderoo to become bigger philanthropic force
The financial endowment behind Andrew and Nicola Forrest’s philanthropic Minderoo Foundation is expected to grow towards $40 billion by the end of the decade.
- Brad Thompson
$25b economic hit built into forecasts for iron ore epicentre
The value of production linked to Port Hedland, where most of the iron ore mined in WA is loaded for export, is expected to peak at $89.2 billion this year before a steep fall to $64.2 billion in 2027-28.
- Brad Thompson
Fortescue slams Biden administration’s green hydrogen tax rules
The Andrew Forrest-chaired iron ore major has ambitious plans to become a force in renewable energy. But proposed US rules would stifle growth, it warns.
- Updated
- Peter Ker