ASX ends down on regional falls
AGL ‘behind’ Origin in shift from coal. Miners and energy weigh on market. Life360 halted on capital raising. Dusk sales rise.
Fortescue Metals
FFI in deal with Forrest company for Qld renewables hub
Fortescue’s green energy arm will partner with a company controlled by Andrew Forrest’s Squadron Energy on the development of a renewable energy hub in Queensland.
ASX ends down; Fortescue higher, Elders smashed
Lack of Aussie involvement in Origin bid could cause concern: UBS. Elders shares dive, Warrego soars. EQT Holdings wins approval for $135m Australian Executor Trustees buy. Way to go on US inflation: FOMC
Andrew Forrest loses another key Fortescue executive
After the latest exit, Fortescue Metals Group has now lost almost 75 per cent of its top leadership in the last 15 months.
Miners hit as iron ore slumps to two-year low
Fortescue, BHP and Rio are among miners that have taken a beating on the local sharemarket, as iron ore prices slump to a two-year low.
Fortescue shipments up, prices down
The iron ore giant, led by Andrew Forrest, reports a strong start to the new financial year, with shipments up even though its mining rates fell during the quarter.
ASX gains; Law firm weighs data breach action
The local sharemarket closes higher. Maurice Blackburn monitors Medibank, MyDeal data breach. Credit Suisse reveals $4bn loss. Reserve Bank tipped to hike rates by 50bp. Fortescue books record iron ore shipment.
Hagger out of Forrest’s Tattarang
The Fortescue Metals chairman said the ex-NAB executive would move on after three years in the top job at his private investment company and charitable foundation.
Lightning IPO sparks FMG interest in lithium
Fortescue Metals Group has thrown its weight behind IPO hopeful Lightning Metals, as it dips its toes into the lithium space.
Keep up or squander ‘huge’ green energy export chances
Fortescue Future Industries’ Guy Debelle says Australia risks missing out on opportunities to export to Europe if the Albanese government falls behind others in supporting the industry.
‘Valuable talent’: FFI snaps up former politician
Fortescue Metals’ green energy division has hired a former high-profile MP to ensure its wind and solar ‘ambitions become reality’.
Forrest’s green arm sets a date for first hydrogen plant
But Fortescue Future Industries has been hit by more executive departures as it announces progress in its first operations with Incitec Pivot.
Fortescue buys into German LNG, hydrogen terminal
Andrew Forrest has made much of the world’s need to abandon fossil fuels, but his company is still investing in an LNG and hydrogen import terminal.
ASX soars in best two-day gain since March 2020
ASX 200 posts its best two-day gain since the start of Covid-19. Telix leads broad gains, ASIC claims Harvey Norman ‘misled’ customers and Link rallies on $1.3bn D&D offer.
Fortescue’s $US20bn pre-revenue hydrogen biz makes this junior look way undervalued
Fortescue Metals’ hydrogen arm, years from first revenues, is touted to be worth $US20bn – giving an idea of the potential of juniors such as Pilot Energy.
Another departure from Forrest’s FFI
Andrew Forrest’s green arm Fortescue Future Industries has lost a senior manager after its head of global brand, Simon Pestridge, departed the company.
Fortescue green plan builds dividend uncertainty
The miner’s plan to decarbonise production by 2030 is raising concerns around the possible dividends impact, amid a push for more funding detail.
Twiggy blasts Musk, pledges to exit fossil fuels by 2030
Iron ore magnate Andrew Forrest has revealed an ambitious promise to ditch fossil fuels from Fortescue’s production by 2030.
Twiggy blasts Musk, pledges to exit fossil fuels by 2030
Iron ore magnate Andrew Forrest has blasted fellow billionaire Elon Musk’s hydrogen scepticism as he reveals an ambitious promise to ditch fossil fuels from Fortescue’s production by 2030.
ASX rises 1.3pc on miners; New Hope soars
ASX breaks a two-day losing streak. New Hope leaps on profit surge, Brickworks bounces on upgrade, AMP falls after $14.5m fine and Kathmandu books record sales.
‘We’re running like crazy to deliver Twiggy’s green vision’
Andy Vesey is just four months into his role spearheading Andrew Forrest’s global bet on green hydrogen. He admits the pace has been frenetic.
Gathering seeks change of climate in China relations
Executives from a host of Australian and Chinese companies will meet in Canberra next week to discuss ways to use climate change to boost business ties with China.
ASX surges 1.8pc; Tyro, Fortescue, Megaport soar
ASX enjoys one of its best sessions this year as the RBA hints at smaller rate hikes ahead. Tyro rockets on bid rebuff, iron ore rebounds and banks tip 25bp rate rise in October.
Power plays behind the battle for right energy mix
Despite Andrew Forrest’s considerable financial support, hydrogen as a substitute energy provider has not been proven viable.
ASX rallies; energy stocks soar 4pc on coal
ASX ends higher as energy and miners gain. Whitehaven Coal hits record high; European gas prices rocket 30 per cent, Fortescue trades ex-dividend and jobs ads exceed peak
Forrest loses key green hydrogen executive
The billionaire will install former AGL boss Andy Vesey to run the North American business after the abrupt exit of Fortescue Future Industry’s local boss Paul Browning.
Forrest backs Greens’ call for ban on new fossil fuel
Fortescue Metals chairman Andrew Forrest says banning new coal and gas developments was the “only responsible thing to do” as he escalates his push for the mining sector to rapidly shift away from exporting fossil fuels.
We can be the Saudi Arabia of green energy: Forrest
Business must find the courage to harness the economic opportunities of a carbon-neutral future, Fortescue Metals chairman Andrew Forrest says.
The task ahead is enormous: can Twiggy really do it again?
The green energy shift is well underway and Andrew Forrest is making an all or nothing bet on rebuilding Fortescue.
Big-bucks Barnaba on board at Fortescue
Salted further back in Fortescue Metals’ annual report are figures revealing the startlingly high salary provided to deputy chairman Mark Barnaba.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/11