December 2024
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.
August 2024
Twiggy’s ‘global ambassador’ left holding her bags
Fortescue gave former CEO Elizabeth Gaines the title of global ambassador. Now, she’s had her travel allowance removed.
November 2023
Going green the Fortescue way
Fortescue’s AGM showcased Andrew Forrest’s determination to lead the green energy transition, even if that makes some investors nervous about costs and priorities.
Hot-mic Twiggy tells execs what he really thinks
The mining billionaire was caught at the Fortescue AGM having a whinge about the length of the welcome to country.
Fortescue faces shareholder revolt over ‘special’ exec payments
Two influential proxy advisory firms say the extra amounts paid to a former chief executive and former chief financial officer are “unusual” and unnecessary.
September 2023
Fortescue executive churn is ‘credit negative’: Moody’s
The ratings agency says the iron ore miner has strong financial metrics and significant room to fund its clean energy pivot, but executive turnover is a concern.
July 2023
Fortescue’s cosy board dodges a governance grenade
Fortescue’s board seats several directors with lengthy associations to the miner’s larger-than-life founder.
June 2023
Fortescue secures Gaines’ commitment with exec promotion
The former chief executive of Fortescue will be paid $1.26 million a year to be an executive director.
February 2023
Cashless welfare should have been a far larger reform program
It is wrong to conflate an indigenous welfare initiative with a dispute over native title in the Pilbara.
January 2023
Executive exits at Fortescue ‘part of the plan’: Forrest
Andrew Forrest says the overhaul of his executive ranks was always planned, and broader staff turnover at Fortescue is among the lowest in the industry.
December 2022
Relentless Forrest never concedes defeat
Billionaire Andrew Forrest’s huge ambition and drive, along with an appetite for risk-taking, has shaped the economy and the fortunes of his company.
October 2022
Traditional owners compare Fortescue damage to Juukan Gorge
Traditional owners have asked for a 10-day Federal Court hearing on their land in the Pilbara as part of a huge compensation claim against Andrew Forrest’s Fortescue Metals Group.
August 2022
Forrest says hiring FMG’s next minerals boss isn’t the top priority
Iron ore delivers 100 per cent of Fortescue’s profits, but executive chairman Andrew Forrest says finding someone to run it is ‘not the highest priority’.
Forrest: This is Fortescue’s ‘fork in the road’ moment
Elizabeth Gaines leaves the CEO chair with Fortescue in rude health. But falling prices and rising costs top a list of challenges for Andrew Forrest.
Fortescue’s $3.8b Iron Bridge project takes cultural hit
A greater focus on preserving Aboriginal cultural heritage has forced Fortescue to change its mine plan at Glacier Valley and cut the resource by 19 per cent.
Winds of gloom can’t extinguish Diggers and Dealers spirits
The Diggers and Dealers forum was hit by wild winds - for some a symbol of the challenges facing the resource sector - but they didn’t stop the party.
July 2022
Fortescue juggles China, COVID, costs and climate
Departing chief executive Elizabeth Gaines leaves big shoes to fill, and a series of key challenges for her successor.
June 2022
![Fortescue CEO Elizabeth Gaines: “We’re going to see greater [energy price] volatility and greater price increases across this decade.”](https://static.ffx.io/images/$zoom_0.2679%2C$multiply_3%2C$ratio_1.777778%2C$width_1059%2C$x_239%2C$y_299/t_crop_custom/c_scale%2Cw_280%2Cq_52%2Cf_auto/5033d1fc9281fbb59ccd27bbc8c168801283fcb8)
Energy crisis should spur real emissions cuts: Fortescue
Cut emissions or face the double price crunch of surging fossil fuel costs and the price of offsets, says Elizabeth Gaines.
BHP warns offsets may be the only option for fugitive coal emissions
BHP’s sustainability boss Fiona Wild says there is no easy way to fix the problem of ‘fugitive’ methane emissions from Australian coking coal mines.
May 2022
Forrest takes back the top job at Fortescue in shake-up
Andrew Forrest will directly run his Fortescue Metals Group’s iron ore business for the first time since 2011, as part of a wide-ranging reshuffle.