The Fortescue director, who is also the departing chairman of the American Chamber of Commerce in Australia, says the world’s biggest economy feels like it’s being run by a property developer.
Fortescue’s now mothballed Gladstone electrolyser factory was a veritable sponge for federal and state green grants worth $60m. So will the federal and state governments ask for a refund?
A costly hydrogen facility in Queensland’s Gladstone has been dumped. Now, Fortescue wants to deliver on its green iron dream to keep the Pilbara competitive against better grades coming out of Africa.
On a day when Fortescue cut 90 hydrogen jobs, Macquarie says there’s evidence the energy security concerns of major companies have been prioritised over climate action.
A Federal Court judge has taken a swing at Andrew Forrest’s Fortescue, suggesting its lack of legal urgency over the case against two of its former execs could see her into retirement.
Billionaire Chris Ellison-led mining giant a top gainer. ASX 200 rebound ‘looks vulnerable’: UBS. Endeavour taps former Virgin fix-it CEO. Tripp’s Betr lobs ‘funded’ bid for PointsBet.
Fortescue has started work on one of the giant solar farms it needs to turn iron ore mines green and is forking out $350m for electric drill rigs.
Fortescue founder Andrew Forrest says the pressure is now on the US President to rejuvenate economies damaged by a global tariff storm that sent sharemarkets on a rollercoaster ride.
Billionaire Andrew Forrest says young Australian men are under the mistaken impression that nuclear energy is ‘pretty cool’.
Business leaders have agonised over a global economic hit from US President Donald Trump’s sweeping intervention on tariffs, which will ripple through world trade and inflate costs.
Building products giant James Hardie’s likely paying too much for US buy. Potential loss of CBA contract hits Helia. Regal dives as pharma group Opthea enters suspension amid survival talks.
Billionaire Nicola Forrest has hired digital banker Philippa Watson to run her emerging philanthropic and business empire.
Matt Damon and John Kerry have arrived in London for King Charles’ eco-summit, but the star was Andrew Forrest’s Green Pioneer, a ship that runs on ammonia.
A hyped pact between Andrew Forrest’s Fortescue and a major US green hydrogen developer has been quietly dissolved, as developers pull back from projects following the election of Donald Trump.
Elizabeth Gaines will be a senior adviser to a group looking to capitalise on critical minerals.
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
Andrew Forrest-led Fortescue blames Donald Trump, European policymakers and the looming federal election as it thinks twice on green hydrogen projects.
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.
There’s snark and banter and outrage over missing biscuits and a tampon dispenser. No wonder chief Dino Otranto says he fortifies himself with a bottle of scotch when reading staff replies to a cute little exercise Fortescue has started.
Red Hawk Mining managing director Steven Michael wants shareholders to accept Fortescue’s initial $1.05-per-share offer which will rise if it secures at least 75 per cent of the company.
Donald Trump’s return to the White House casts more doubt over Fortescue’s ‘green’ hydrogen production plans in the US state of Arizona as it assesses its European and South American options.
ASX down after most US stocks fell. Department store chain, Premier shareholders show huge support for merger. Bain boosts Insignia offer to $4.60 per share. Evolution drops on downgrades. Fortescue ships record amount of iron ore.
Australia’s stock market rises for a fourth day running, setting three week intraday and daily closing highs as gains in most sectors outweigh falls in iron ore miners. Morgan Stanley says Aussie bank share prices ‘not justified’. IDP Education up on Macquarie upgrade. WiseTech’s new buy. Nvidia hits record.
Touted as a ‘remarkable’ project that would be the envy of its peers, sources close to Fortescue’s iron ore mine in Gabon say staff have been stood down. So other than a token first shipment, what’s happening at the $320m project?
Fortescue says it will be producing green iron from a pilot plant in WA before its bigger rivals BHP and Rio Tinto have even worked out whether to push ahead with their own version.
Andrew Forrest’s Fortescue plans to build all the renewable energy assets it needs to decarbonise its WA iron ore operations over the next five years.
Fortescue will spend up to $US400m ($618.2m) on equipment from Xuzhou Construction Machinery Group as it hedges its bets on the electrification of its mining fleet.
Element Zero has lodged an appeal against a judge’s decision to let mining giant Fortescue seize millions of files from the homes and offices of its staff as part of an intellectual property fight.
The key to Fortescue electrifying its haul fleet lies in the purchase of an F1 team offshoot where tech like charging trucks in seconds is ‘just the beginning’.
The mining magnate has stressed China’s ‘horsepower’ means trade will be healthy despite US election results, while outlining Fortescue’s future green energy plans.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/2