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.
Fortescue Metals
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.
Twiggy defends ‘crazy’ green ambitions
Fortescue Future Industries’ eye-wateringly expensive climate plans will not put the mining giant at risk, its chief executive insists.
Hundreds of billions needed for green shift: Forrest
Andrew Forrest admits it will cost ‘hundreds of billions’ of dollars to pursue the green dream, but says buyers and investors are lining up.
Fortescue flags move to “green bond” funding
With billions of sustainability projects in the pipeline, the global miner might look to tap green debt markets to fund its ambitious plans.
Forrest faces Fortescue AGM after green spree
Fortescue shareholders will get their first chance on Tuesday to question Andrew Forrest over the massive scale of the company’s green energy ambitions.
Forrest’s green vows hit $200bn
Andrew Forrest’s green energy ambitions have generated plenty of headlines, but they would also come with an enormous cost for the iron ore miner.
Forrest taps PNG for green hydrogen
Fortescue has turned to the rugged countryside and roaring rivers of PNG to develop an extensive network of hydropower projects.
Big business goes green at Glasgow talks
A host of big Australian business players across green energy have held high level talks with Scott Morrison at the COP26 meeting.
Twiggy makes the cut in Biden’s green team
The US President includes Andrew Forrest’s Fortescue Future Industries in elite new coalition to help commercialise clean technologies.
Green means gold in Glasgow
On the first day of the COP26, Australian energy company Fortescue Future Industries signed one of the first major export deals for green hydrogen.
Top talent hands in his notice at Twiggy’s Fortescue
As Andrew Forrest struts the stage at COP26 on his mission to save the world by selling hydrogen, all is not quite well in Fortescue’s home camp.
‘Fixed it’: Fortescue hijacks Woodside’s green pitch
Andrew Forrest’s energy upstart has escalated a spat with rival Woodside over its green hydrogen claims.
Fortescue’s green jobs spree tops 500
The workforce for Fortescue’s ambitious green energy transformation has jumped by more than 40 per cent.
Forrest pledges to halve emissions by 2030
Fortescue Metals Group becomes the first mining company to join UN’s “race to zero” initiative, pledging bold emissions targets.
Booze crackdown amid mining sex shame
Fortescue has joined BHP and Rio Tinto in restricting alcohol at mining camps as ‘disturbing’ allegations of sexual misconduct in the FIFO workforce surge.
Age of water, not oil, says Forrest
Fortescue miner Andrew Forrest is helping recalibrate Australia’s image from a climate laggard into a productive can-do hydrogen pioneer with a green revolution pitch ahead of COP26.
Forrests pay $30m for Newton-John’s ‘paradise’
Acquisition of Grease star’s Gaia resort, which boasts 22 rooms, a restaurant and day spa, represents Forrests’ first foray into accommodation.
Why I’ve bought Fortescue shares
Billionaire Andrew Forrest’s vision of a green energy and green steel future has prompted me to invest in his business.
All aboard the ‘green hydrogen’ bandwagon
If there was a prize for timing the announcement of a ‘green hydrogen’ project, Andrew Forrest’s Fortescue group would have it in the bag.
ASX slips on banks, miners
ASX stocks slip 0.1 per cent as weak iron ore futures weigh on the major miners and Bank of Queensland leads banks lower
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