Compo claim could change native title deals
The Yindjibarndi people of the Pilbara are preparing a landmark claim against iron ore miner Fortescue Metals Group.
Fortescue Metals
Fortescue plans huge wind and solar farm
Fortescue Future Industries says a giant wind and solar farm in the Pilbara could power its entire iron ore operations.
Forrest sues Facebook over scam ads in landmark case
The billionaire alleges the social media giant funnelled users to cryptocurrency scams that used his name to defraud victims.
Fortescue takes stake in ‘ultra-green hydrogen’ hopeful
Sparc Technologies shares have jumped after Andrew Forrest’s Fortescue Future Industries, which aims to be a global player in clean energy, took a stake in its hydrogen division.
ASX gains; rate hike this year ‘plausible’: Lowe
ASX closed 1.2 per cent higher as RBA governor tells borrowers to prepare for higher rates. Telstra to spend $1.6bn on fibre project, Rangers clean-up faces $1.2bn blowout and Fortescue’s latest hydrogen buy.
Forrest hits Facebook with world-first criminal charges Forrest sues Facebook for scam ads
The billionaire alleges the social media giant’s algorithms funnelled users to cryptocurrency scams that used his name to defraud victims.
Record first half shipments for Fortescue
The iron ore heavyweight shipped record tonnes in the first half of the financial year, but says it is still assessing the impact of Western Australia’s decision to leave borders closed.
ASX bloodbath, $59bn wipeout
The ASX suffered a $59bn wipeout amid inflation and geopolitical jitters, ahead of key two-day meeting of the US Federal Reserve. Big four banks dropped between 2 and 3.6 per cent.
‘Twiggy’ Forrest pays high price for slice of F1 tech
The swoop on the engineering arm linked to the Williams racing team gives Fortescue a chance to roll the dice on big battery technology.
Fortescue pays $309m for Williams F1 offshoot
Fortescue has paid a big price to acquire the battery technology offshoot of the Williams F1 team that it says will be a crucial plank in the company’s 2030 climate goals.
ASX falls, led by tech; Uniti roars on takeover talk
ASX closes down by 0.5 per cent on broad falls led by tech and materials. Regis Resources tumbles after guidance cut, Uniti soars on takeover chatter and Fortescue makes $310m battery play.
Fortescue sifts through Oakajee ashes for growth
Some of the biggest resources companies in the word have failed to make the $10bn Oakajee port and rail project work, but now Fortescue Metals Group wants a shot at it.
ASX dives 2.3% in worst week in 15 months
ASX closes lower with just 12 stocks posting gains. Nuix dives 22.8 per cent on weak outlook, Qantas slashes flights to WA and Fortescue signs MoU for Sinosteel Oakajee stake.
Fortescue’s $15bn hype lacks disclosure
It is high time the ASX applied the same standards to Fortescue Metals Group as it does across the rest of the market.
‘Overinflated’: Hydrogen arm hits Fortescue’s rating
Brokers are slashing the outlook of Fortescue over its green hydrogen arm, with Citi saying its current share price run implies ‘unreasonable expectations’ of the division.
Fortescue mulls strategic change at Iron Bridge
Fortescue Metals Group is considering plans to hand over mining at the Iron Bridge magnetite mine in the Pilbara to a contractor.
Top 10 firms reveal their biggest issues
CBA, CSL, BHP, Westpac, NAB, ANZ, Fortescue, Wesfarmers, Macquarie, Telstra.
Investors see red over Forrest’s green push
Andrew Forrest is a convert to a green energy future. Now he needs to convince investors who bought into his iron-ore vision.
The secret meeting, the spy, a PM and his wife
Andrew Forrest enlisted some of the biggest names in politics, business, science and security to turbocharge his green hydrogen dream.
Fortescue to cast a wide net for its next chief
Fortescue Metals Group will look for a fresh leadership team from outside the mining industry as chairman Andrew Forrest looks to lock in his hydrogen dream.
Twiggy’s loss may be Gaines sisters’ gain
Fortescue chief Elizabeth Gaines is at pains to stress her exit from isn’t an exit per se, but there’s no doubt of a little more free time come 2022.
Shock resignation at mining giant
The head of one of Australia’s largest mining companies has announced their departure from the role.
ASX ends 0.4% lower, Afterpay dives
ASX closes down 0.42 per cent with health and energy weak, Santos-Oil Search merger complete, and HomeCo restructure wins investor approval.
ASX extends gains, Zip, Mesoblast spike
The market’s strong run continues, closing up 1.25 per cent, led by tech and mining stocks. Woodside to invest $7bn in new energy, and telcos fork out $2bn on 5G spectrum.
Forrest takes hydrogen push to coal country
AGL’s Liddell coal-fired power station could become a hydrogen hub under a deal between Andrew Forrest’s FFI and AGL.
Stellar jump for FMG as ASX surges
The ASX romped higher on the back of better commodities prices, with Fortescue the standout performer among the biggest 200 stocks.
ASX 200 up 0.8%; iron ore futures up 10%
The S&P/ASX 200 closed up 0.8% at a 5-day high, driven by miners as iron ore futures jump 10% on China stimulus hopes. Banks recovered.
Lost in a forest of contradictions
Fortescue is free not to claim the $300m rebate it now receives.
Forrest bid to end diesel subsidy
Fortescue founder Andrew Forrest has privately lobbied government to phase out the multibillion-dollar diesel fuel subsidy and use the funds to support green energy.
ASX closes 0.6% down after big rebound
The ASX 200 recovered to close 0.6 per cent lower on strong iron ore futures. Miners gained led by Fortescue but Nearmap and Xero were among the worst hit.
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