Forrest shrugs off iron ore price pullback
Mining magnate Andrew Forrest has shrugged off a fall in iron ore prices, arguing lower steel production in China was a normal part of the long-term commodity cycle.
Mining magnate Andrew Forrest has shrugged off a fall in iron ore prices, arguing lower steel production in China was a normal part of the long-term commodity cycle.
Fortescue executives were directly involved in overseeing private investigators that followed former employees and their families, court documents show.
Jumping on the ESG bandwagon is not as easy or profitable as was hoped. Predicting the future, and picking industry winners, can appear very different on paper and in reality.
Noel Pearson’s invitation to join the Fortescue board is the culmination of a long relationship between the Indigenous leader and Andrew Forrest.
Shares in the Perth-based iron ore miner were being auctioned off after the market closed on Monday.
As evidenced by the reaction to Andrew Forrest’s green hydrogen backdown, journalists need to be especially sceptical testing claims in-line with their biases.
The hand-picked boss of billionaire Andrew Forrest’s Squadron Energy will have his work cut out bringing down energy prices.
Bowen was remarkably sanguine last week at the Press Club about the implosion of Andrew Forrest’s green hydrogen plan. Hours later, Twiggy’s Fortescue Metals was kicking its target down the road to Never Never Land.
Andrew Forrest says Labor should push ahead with billions of taxpayer dollars in tax incentives for green hydrogen, yet his own actions reveal a starkly different stance.
A former SAS soldier turned PI is the man behind an extraordinary investigation into Andrew Forrest’s former staff, and he’s led a colourful life.
Andrew Forrest caught the market by surprise in 2020 when he laid out his vision for a green energy giant. And even after a tumultuous four years, he insists his dream is not dead.
Andrew Forrest’s admission that Fortescue cannot meet its 2030 goal is telling.
Fortescue provides lesson in high stakes of trying to pick winners.
Andrew Forrest says Labor should continue to support green hydrogen producers, but says high energy costs must be lowered to secure the fuel source as a viable export industry.
If energy isn’t cheap enough to make hydrogen viable, Fortescue will build renewable energy generation until it is, Andrew Forrest says.
Twiggy Forrest’s announcement of job cuts affecting his ambitious green hydrogen project shows the failure of the government’s energy plan, the coalition says.
The Fortescue founder made his vast fortune by snubbing the doubters and repeatedly made bigger and bolder promises on his green revolution. So the cost of failure is more than financial.
Andrew Forrest has seen the light on his overblown green hydrogen ambitions and in the process pulled the plug on a centrepiece of Labor’s renewables-only energy transition plan.
Mining magnate Andrew Forrest has reportedly told staff that 700 jobs will be slashed as his company gets set to restructure.
Andrew Forrest has launched a sweeping restructure at Fortescue in the face of the company’s failure to deliver on its green energy promises.
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