Gabon coup throws shadow over Fortescue expansion
A coup in Gabon has added to Andrew Forrest’s woeful week, throwing doubt over his company’s plans to expand its iron ore business in Africa.
A coup in Gabon has added to Andrew Forrest’s woeful week, throwing doubt over his company’s plans to expand its iron ore business in Africa.
Andrew Forrest did not directly address Monday’s unexpected exit of chief executive Fiona Hick, but said his address may provide clarity to his thousands of workers.
Harvest Road boss Paul Slaughter is the second CEO in two days to leave Andrew Forrest’s business empire, after Fortescue Metals chief Fiona Hick announced her departure on Monday.
It’s tough working for the billionaire man. It might get even tougher with a future China.
In the end, Fiona Hick spent more time weighing up whether to take the job of Fortescue chief executive than she did in the job itself.
For a company that always wanted to be taken seriously, Fortescue is facing a perpetual credibility crisis.
Billionaire Nicola Forrest is due a $50m payday from Fortescue Metals Group shares, the first dividend windfall since the announcement of her split with Andrew in July.
Fortescue Metals Group’s results have been overshadowed by the departure of yet another senior executive, with mining boss Fiona Hick quitting after less than six months in the job.
Twiggy arrived at Fortescue’s 20th anniversary party riding a massive dump truck and waving a giant flag before joining Jimmy Barnes on stage.
Andrew Forrest and Fortescue Metals Group have refused to cut a royalty deal with the Yindjibarndi people for more than a decade. That decision could cost the miner $1bn.
A private equity deal involving an acquisition of defence contractor Austal, backed by billionaire Andrew Forrest, looks unlikely following the company’s profit downgrade last month
And despite talk that supply across the market is rising, Fortescue Metals CEO Fiona Hick continues to see strong demand from China.
Andrew Forrest has embarked on a high-powered US trip, including spruiking his green hydrogen push, as he deals with the fallout from his multibillion-dollar split from wife Nicola.
Russian hackers claim they have breached the ASX-listed mining giant, capping another tumultuous week for the firm led by Andrew Forrest.
If an external investigation of allegations about Andrew Forrest found no substance, why won’t Fortescue answer questions about how and when it was conducted?
Andrew Forrest was investigated and cleared by lawyers over his behaviour after an anonymous letter was circulated.
The decline in their relationship had been a topic of gossip throughout Perth’s wealthy western suburbs for some time.
Nicola Forrest is wealthier than mining magnate Andrew Forrest, the husband from whom she has separated, thanks to a few lines on a notice recently sent to the ASX.
The breakdown of a marriage is a deeply private matter, but in the case of the billionaire Forrest family it can have big public implications.
A streamlined structure put in place at the Forrest family’s $7.6bn Minderoo Foundation, including finalising the appointment of a new CEO, could see it spend more.
After separating from husband Andrew, Nicola Forrest’s paper wealth will exceed that of any other Australian female besides Gina Rinehart.
APA Group looks poised to buy Alinta’s $1bn parcel of assets on offer after the Andrew Forrest-led Fortescue Metals is said to have taken its foot off the gas.
Bega Cheese could soon be in the sights of major shareholder Andrew Forrest after it told the market its earnings would be at the lower end of its earlier guidance.
Iron-ore baron Andrew Forrest will transfer one-fifth of Fortescue Metals Group shares to his philanthropic arm.
Andrew Forrest has brought back former Fortescue boss Elizabeth Gaines just three months after her replacement took office – and her paycheck is enviable.
Squadron Energy – the private renewable energy company of Andrew Forrest – is continuing to field calls about a potential sale of the business through its advisory firm Highbury Partnership.
The Atlassian boss’ Grok Ventures on Friday was confirmed as the winning bid after rival and one-time partner in the project Andrew Forrest withdrew from the process.
Developer Nigel Satterley ranks alongside Kerry Stokes and Andrew Forrest as a key player in Perth’s business ‘mafia’, all while being a confidante of Premier Mark McGowan.
Mike Cannon-Brookes is set to beat Andrew Forrest for the giant Sun Cable project, Australia’s biggest renewables development.
The competition for Alinta Energy’s assets in Western Australia is heating up with bids due at the end of the week.
Original URL: https://www.theaustralian.com.au/topics/andrew-forrest/page/7