Fortescue signs green hydrogen deal in US
Andrew Forrest’s Fortescue Future Industries has entered a deal to convert an old coal-fired power plant to hydrogen production in Washington.
Fortescue Metals
Twiggy’s green NZ hydrogen venture
Twiggy Forrest’s Fortescue Future Industries is setting out on a new venture with the largest NZ gas network to decarbonise the Kiwis’ energy system.
Fortescue blowout could exceed $1.7bn
The mining giant has admitted to fresh problems at its Iron Bridge magnetite project in the Pilbara, warning of a hefty overrun to its original estimate.
ASX powers back, led by miners, AMP
ASX snaps its three-day losing streak, closing up 1.3 per cent. Miners including BHP, Fortescue and Rio Tinto outperformed. AMP top riser, rising 12 per cent on $699m DigitalBridge deal. It was the best day in three months.
Former Fortescue exec sues, alleges bullying
Andrew Forrest’s green hydrogen subsidiary is again at the centre of claims of toxic culture, with a former senior executive suing over claims he was sacked for complaining.
ASX $50bn wipeout on China fears
Investors wipe $50bn off ASX amid broad sell off. Big losers include BHP, Fortescue Metals, Rio Tinto, South32 and Woodside Petroleum with falls of 4.3-7.9 per cent. EML tanks on profit warning.
Forrest floats US coal plant buy
The mining billionaire said he was considering investing in as many as 22 power stations in coal-dependent West Virginia which could be converted to use renewable energy.
Tech sell off drags ASX lower
ASX loses ground for a second day, falling 0.6 per cent amid tech sell off as Federal Reserve weighs half-point US rate hike. Magellan Financial rallies as outflows steady.
Banks sag as ASX dips into weekend
Friday heralded another narrow loss for the ASX 200, even as mining titans BHP, Rio Tinto and Fortescue Metals continued their meteoric rise.
ASX down with oil plunge; TPG, Fortescue up
ASX ends winning steak as oil prices fall, but ends the quarter higher. Wesfarmers takes control of API, record job vacancies, Paladin $215m raising and Liontown soars on SK talks.
Forrest’s $66bn green dream retreat
Fortescue Future Industries strikes preliminary $66bn deal with a German company to provide a third of its energy imports.
ASX in ‘beast mode’ as tech and health jump
ASX on track for its best month since 2018 as tech and health stocks gain. Air NZ reveals equity raising, Magellan surges, Tabcorp urges demerger and Fortescue clarifies deal.
Iron ore strong but challenges ahead, broker warns
Macquarie has an outperform rating on BHP, Rio Tinto and a neutral rating on Fortescue Metals. Morgans also prefers BHP to Fortescue.
Former Fortescue boss avoids jail over Covid breaches
High-profile businessman Nev Power has narrowly escaped imprisonment over his breaches of Western Australia’s Covid border restrictions.
Big miners sink ASX as commodities crash
The Australian sharemarket finished lower on Tuesday as the heavyweight mining and energy sectors copped a beating from plunging commodity prices.
RBA deputy quits to join Forrest’s green revolution
Reserve Bank deputy governor Guy Debelle shock resignation to join Fortescue Future Industries comes at a critical moment.
RBA’s Debelle joins Forrest’s green brigade
The Reserve Bank heir apparent made the surprise move following a chat with an old uni friend, Andrew Hagger, boss of Andrew Forrest’s private investment arm Tattarang.
Forrest needs Debelle’s credibility to sell green vision
The Reserve Bank governor-in-waiting now has one key job in Andrew Forrest’s green revolution.
Santos, Fortescue selected to develop SA hydrogen hub
Billions in investment will be unlocked as energy giants including Santos and Fortescue Future Industries join forces on SA hydrogen hub.
RBA deputy Guy Debelle quits to join Fortescue
As the RBA comes under pressure to raise interest rates, deputy governor has resigned to join Andrew Forrest’s Fortescue Future Industries.
ASX rises as bank and tech stocks advance
Tech and financials push local shares higher for a second day running. Fortescue poaches RBA’s Debelle, Brookfield buys La Trobe Financial and Rio Tinto cuts Russia ties.
ASX drops as miners sink; St Barbara surges
ASX slumps below 7000 as investors sell energy and mining stocks. St Barbara surges while Nickel Mines dives. Fortescue teams up with Airbus and Ampol quits Russian oil.
Forrest’s green hydrogen plans grow murkier
Andrew Forrest and Fortescue Future Industries are in quiet retreat from Moscow, revealing the risk from his green hydrogen strategy.
Sentence delay for ex-Fortescue boss
Businessman Nev Power will have to wait another month to learn his fate over breaches of Western Australia’s Covid border restrictions after a Perth court adjourned his sentencing.
An economy in transition as green initiatives accelerate
When Andrew Forrest speaks in Brisbane on Friday, the market will be ready for any announcement about another investment in renewable energy.
No need for cultural review: Fortescue
Andrew Forrest’s Fortescue says there’s no need to review its culture, after a string of executive departures.
Tesla deal lights a fire under Liontown stock
Mining tycoon Tim Goyder’s very public ambition to create the next Fortescue – by doing with lithium what Andrew Forrest did with iron ore – has moved one step closer to reality.
Solid ASX finish; Treasury Wine, Liontown soar
ASX closed 1.1 per cent higher, driven by healthcare, real estate and financial stocks. Liontown surged on Tesla deal, CSL and Treasury Wine jumped on solid interim results and business credit demand bounced back.
More names join exodus from Twiggy’s empire
The “I’m an executive … Get me out of here!” vibe continues with more staff losses at Fortescue including one senior manager defecting to Gina Rinehart’s outfit.
Fortescue hit by fresh executive losses
Over the last year Fortescue has lost more than half of its most senior executive leadership team – is the company in a state of turmoil?
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/13