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.
Fortescue Metals
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.
Fortescue vows to come clean on green projects
At last, Fortescue shareholders may get answers on when the company will start building the green energy projects Andrew Forrest says will become the core of its future business.
Why the nation pivots on China not the jobs summit
What happens to coal and iron ore prices through 2023 is far more significant to the nation and every single Australian than anything discussed at the PM’s big jobs summit this week.
Green energy arm worth $29bn: Forrest
Fortescue Metals chairman Andrew Forrest says bankers have valued the mining major’s green energy subsidiary at $29bn, as it shelves the search for a new chief for its iron ore division.
ASX sinks 2pc in $46bn wipeout; tech, miners hit
ASX has its biggest one-day fall in two months as just four stocks higher. A2 Milk surges on result, iron ore futures hit miners, Fortescue profit drops and retail sales soar.
AGL signs Japanese partners, expands Hunter hub plans
The energy giant has also brought on APA Group and Jemena as it develops the Liddell and Bayswater power station sites alongside Fortescue Future Industries.
Fortescue sees iron-clad demand, with tinge of green
Fortescue Metal Group says demand for iron ore will remain strong, despite some analysts’ gloomy outlook – as miners seek to supply a ‘greener’ product.
Climate legislation sends positive message: Debelle
Former RBA deputy governor sounds note of urgency on climate investment decisions and funding.
Fortescue hands FFI $1bn war chest
Fortescue Metals’ green energy subsidiary has a $1bn war chest left over from record profit in the 2021 financial year.
ASX jumps 1pc on miners; BNPL stocks surge
ASX hits six-week high as miners and banks jump. Sezzle paces BNPL surge, Macquarie climbs on profit, Westpac delays final bids for platform and Atlas drops after IFM walks.
Forrest’s Minderoo appoints first Indigenous director
Brian McGuire has advised Perth’s arts festivals, theatres and governments. Now he joins the Fortescue billionaire’s philanthropic organisation.
No joke! Staffer to blame for Twiggy’s dud gag
Turns out Fortescue’s executive chairman Andrew Forrest is not completely to blame for a dud joke at the recent Sydney Energy Forum, with one of his staffers fessing up on TikTok.
Fortescue seeks green light for export increase
Fortescue Metals Group doesn’t want to wait for the completion of its $US3.6bn Iron Bridge project to lift export rates from Port Hedland.
Regis Resources golden opportunity for Aussie miners
Fortescue Metals boss Andrew Forrest may have walked away from Regis, but others believe it is ripe for the picking for another gold miner.
ASX falls; BHP, Fortescue, Rio hit 8-month lows
Fresh recession jitters sends ASX lower as materials and energy plunge. Megaport and Zip surge, St Barbara falls sharply, CSL hits six-month high and Bitcoin below $US20,000.
Forrest abandons plans to buy 15pc of Regis Resources
The Fortescue Metals boss tried to buy 15 per cent of Regis Resources on Thursday after recently buying up BWX and AACo stakes.
ASX falls 0.6pc; BHP, Fortescue, Rio smashed
ASX posts seventh straight loss as energy and materials drag. Nomura tips US recession, Cooper Energy launches raise, PointsBet soars on buy-in and iron ore prices plunge.
Fortescue signs green haul fleet deal
Fortescue Metals Group is in a race against time to decarbonise its Pilbara iron ore mines by 2030, and a deal to buy 120 green haul trucks from Liebherr is a major step in that direction.
ASX dives 1.3pc; energy, tech, real estate smashed
ASX tumbles for a fourth straight session as AEMO call weighs on investors. Crown exits ASX bond yields skyrocket, Humm sale heats up and Fortescue to buy 200 green trucks.
ASX rises 0.9pc; BHP, Rio Tinto, Fortescue jump
Miners and tech push ASX higher for the session and week. Cannon-Brookes now wants one AGL seat, Healius down on profit warning and PolyNovo shares jump on chairman buy.
ASX up, led by Fortescue, Telstra, TPG
ASX 200 closed up 0.3 per cent after a mixed session. Fortescue was the top performer followed by Telstra and TPG. However, investors dumped lithium stocks. GDP up 0.8 per cent, which bodes well for the economy. Origin sold off after dumping guidance.
‘Lying to shareholders’: Twiggy slams greenwashing
Fortescue Metals chairman tells World Economic Forum in Davos that some of the biggest polluters are getting away with ‘abhorrent’ greenwashing.
Masterclass: How Twiggy Forrest spreads investments
Andrew ‘Twiggy’ Forrest is worth up to $30 billion, largely from his stake in iron ore miner Fortescue. But his strategy is much broader than that.
Miners to embrace moderate agenda
The resources industry warns Labor must keep to its promises for a moderate agenda in government, while welcoming climate policy certainty.
Tension rises ahead of AGL demerger vote
The energy giant led by Graeme Hunt and billionaire major shareholder Mike Cannon-Brookes’ Grok Ventures are engaged in a battle royale over the split.
Fortescue makes a hash of CEO succession
Andrew Forrest’s decision to return to the helm of Fortescue’s iron ore business strongly suggests that internal candidates for the role are now out of the running for a promotion.
Ground Breakers: Twiggy appoints himself Fortescue ‘head coach’
Founder and top shareholder Andrew ‘Twiggy’ Forrest will be Fortescue Metals Group’s executive chairman. It’s both branching out and going back to his roots.
‘I’m Plan B’: Why Forrest wants to be CEO
The billionaire is struggling to fill the role of CEO that suits his vision of miner Fortescue reinventing itself into a green energy giant.
Forrest takes back top job at Fortescue Metals
The founder and major shareholder will take back the reins at Fortescue as executive chairman for the first time since 2011 after an extensive global search.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/12