This Month
Rio Tinto’s $20b Pilbara investment wave is just getting started
Even with Australia’s higher labour costs and new industrial relations laws, the Pilbara is likely to remain the lowest cost source of new iron ore at scale.
May
Twiggy Forrest dumb to the idea of Fortescue Revolution
Staff selfies and heart-to-hearts don’t hide the iron ore mining giant’s revolving door of executives.
Rate moves ahead? | Forrest’s China warning | Melbourne airport melee
This week, the chooks look at Andrew Forrest’s iron ore warning, the path for interest rates, and a battle over one of the country’s busiest airports.
Fortescue’s $6.2b Iron Bridge project hit with delays – again
Fortescue says its high-grade but troubled Iron Bridge project won’t be fully operational until 2028; half a decade later than originally expected.
‘His peers don’t like him either’: Ex-minister lashes Andrew Forrest
Ex-federal resources minister Ian Macfarlane offered a frank assessment of the Fortescue billionaire, who then responded by calling him an “old fossil fuel guy”.
Farmers warn: ‘Don’t make us carry the can on emissions’
Australian grain growers say strong climate targets could create an overreliance on offsets that will discourage direct emissions reductions.
Can Labor help the Pilbara go green?
Labor now has a rare, politically unencumbered opportunity to secure the nation’s energy supply, industrial competitiveness and climate transition.
Forrest, Rio spar on future of Pilbara iron ore in green steel era
The Fortescue chairman said the world’s biggest iron ore importer was looking at Brazil and Africa, and local mining giants were “going down”.
WA ‘running out of time’; US tax bill row; Morningstar warning
Read everything that’s happened in the news so far today.
Forrest fears China iron ore call could turn Pilbara into ‘wasteland’
The billionaire businessman says China is about to make a huge call on the future of its steel industry, and there’s no guarantee it will include Australia.
Queensland restarts stalled renewables rollout
The Queensland government has ended its pause on the development of two massive Andrew Forrest-backed wind farms.
How this VC fund landed $100m from UniSuper
One of Australia’s largest industry funds has lifted its venture capital allocation to $100 million, ignoring fears about Labor’s super tax reforms.
Clean Energy Council gets the hots for gas
Is there any climate change or energy transition that doesn’t somehow have links to Andrew Forrest?
Renewables lobby leaderless after long-serving boss quits
Australia’s top industry advocate has stepped down less than a week after an election he called a “referendum on renewable energy”.
Forrests’ Tattarang backs Bega Cheese bid for $4b Fonterra spin-off
The billionaire family’s investment vehicle says it supported the ASX-listed dairy company’s growth ambitions and interest in the NZ-based business.
April
ASX up near 1pc; Australia’s AAA rating at risk; America is panicking
Read everything that’s happened in the news so far today.
American billionaire raises Fortescue lawsuit stakes to $300m
Paul Tudor Jones has been pursuing the Forrest-backed mining giant over the failure of a joint venture to redevelop coal and gas power stations in the US.
Andrew Forrest and Basil Zempilas make sure we know they met the Pope
Pope Francis’ lessons on modesty, service and getting the job done are lost on the rich and not-so-famous.
Mike Cannon-Brookes needs $157m for SunCable; flyer hits inboxes
Australia-Asia Power Link is SunCable’s flagship project to harness and dispatch solar energy from solar farms in the Northern Territory to Darwin and via a submarine cable to Singapore.
Inside the fortune Kerry Stokes (quietly) made in China
The businessman is best known for his investments in television and newspapers. But a decades-long approach to backing the Asian powerhouse is paying dividends.