China strong enough to survive US trade war: Forrest
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.
Fortescue Metals
ASX lifts on US election excitement; Fortescue avoids second strike
Local bourse rises strongly on broad gains. Future Fund puts MinRes on notice over Ellison ‘mistakes’. Fortescue to lean on government to help with green energy costs. Domain’s disappointing update weighs.
Fortescue execs face bonuses backlash
Fortescue intends to grant performance rights regardless of whether shareholders vote down the move at the company’s annual meeting in Perth on November 6.
ASX 200 ends flat after intraday rise; WiseTech, HMC among top gainers; Metcash falls
ASX 200 rise fades for third day running. Qantas ‘might have not survived’ without Alan Joyce and Richard Goyder: chair. WiseTech investors back founder’s reincarnation as consultant. Metcash profit warning. ResMed lifts on strong quarter earnings.
Richard White to stand down as WiseTech CEO
ASX 200 slips in cautious trading. WiseTech CEO resigns. CBA, Westpac rebuff flexible serviceability buffer call for home loans. Weak quarter weighs on Reece, Fortescue and Brambles. Super Retail tried to settle claims ahead of court fight. HMC lines up data play with $2bn Global Switch deal.
Element Zero to challenge court’s OK for Fortescue raids
Element Zero has lodged a request to challenge orders Fortescue obtained in secret from the Federal Court that allowed it to raid the homes of former staff.
The true cost of cut-price deal White knocked back
In one of the worst decisions ever made by a billionaire with more to lose than money, WiseTech boss Richard White could have settled his legal feud with Linda Rogan last year for just $400,000.
‘Oldest’ Pilbara Aboriginal site destroyed
The claims were challenged by another archaeologist, who labelled the 59,000 year estimate as “highly speculative”.
Forrests step down as co-chairs of Minderoo
Billionaire Andrew Forrest said he had opted to step aside to focus on his work as executive chairman of iron ore miner Fortescue.
Court backs Fortescue but judge unhappy with disclosure
Mining giant Fortescue has welcomed a Federal Court decision to throw out a request from its would-be ‘green’ steel competitor even though a judge questioned its commercial disclosure.
Writing on the wall for green hydrogen
Woodside Energy has joined Origin and Fortescue in rolling back the Albanese government’s ambitions to make Australia a global leader in green hydrogen.
Fortescue secures first win over Element Zero in court fight
Andrew Forrest and two former executives who left to start their own green steel company say they are looking forward to a courtroom battle in their dispute over intellectual property.
ASX 200 hits record on billionaires’ day of gains
BHP and Rio lead iron ore gains as billionaire-run Fortescue and MinRes also lift. Richard White’s WiseTech up after founder’s $46m selldown. Star hit with downgrades. Key Pacific Smiles shareholders reject Genesis bid. AUD above US69c.
Fortescue’s mining fleet to go green with mega $4bn truck order
Billionaire Andrew Forrest has challenged the mining sector to follow his company’s lead, after striking a $4bn deal with Liebherr for battery-powered trucks and excavators.
Inflation hits RBA target; ASX 200 dips as bank falls offset mining gains
August CPI cools to 2.7pc – lowest level since 2021 – on government subsidies. Analysts warn RBA ‘risks prolonged subpar growth’ with its tight policy. Chinese stimulus triggers switch to miners. Premier, Sigma and KMD fall on earnings updates.
Directors with ‘skin in the game’ reap rewards
Twiggy Forrest, Gerry Harvey and other top directors will pocket mountains of dividends in coming weeks and analysts say it’s good for all shareholders that they have “skin in the game”.
Carbon offsets a waste of money, says Fortescue
Iron ore giant Fortescue will no longer buy voluntary carbon offsets, raising doubts over their effectiveness.
Leaked photos capture the demise of Forrest’s pipedream
Every picture tells a story, they say, and these ones clearly show the absurdity of the dream versus reality of what has come to pass for Andrew Forrest’s green energy aspirations.
Forrest’s big challenge with Fortescue
Investors in Fortescue Metals Group, who just want its healthy dividend stream to keep going, are having to live with a lot of ‘green sky’.
Fortescue doubles down on green ambition
Fortescue says the market for green products generally is ‘much, much larger’ than it previously believed, as the company looks to sink $1.8bn into its energy division this year.
ASX trims losses on CPI beat; Tabcorp tanks
RBA hike not ruled out as inflation remains sticky at 3.5 per cent. Controlling shareholder Rio to back ERA’s $880m discounted raise. Special dividend boosts Woolworths. Tabcorp’s worse than expected loss, CEO-elect Gill McLachlan’s ‘reality’ check weighs.
MinRes’s ‘safe work’ sham show
Mineral Resources says it’s a female friendly workplace and splashed cash on a glossy video starring a former federal pollie to push the case. Such a shame it’s a load of piffle.
Ex-Fortescue staff were spied on for up to 17 hours a day
More details have been revealed in the Federal Court about the extraordinary surveillance efforts undertaken by Fortescue to spy on its former executives.
Fortescue insists spying on rival’s families wasn’t inappropriate
Ex-Fortescue executives have heard that spying on their families and their ‘green iron’ start-up was part of a regular court requirement to grant raids.
Fortescue ‘portrayed former execs as dishonest’, court told
Andrew Forrest’s Fortescue tried to paint former executives who started a rival business as shady actors in order to persuade a judge to allow the company to raid their homes.
The Mormons may seem strange, but they’re doing God’s work
Despite the scandals that sometimes swirl around it, the Church of Jesus Christ of the Latter-day Saints is booming in the Pacific.
Win for Fortescue in private eye battle
Fortescue’s private investigators followed former employees for weeks but a court ruling means the iron ore giant won’t have to reveal details of the company’s brief to the PIs.
Fortescue outlines its case over claim of IP theft
Fortescue staff, in documents filed in court, say the timelines and funding for alleged intellectual property thief Element Zero don’t add up.
Fortescue directed actions of private investigators
Fortescue executives were directly involved in overseeing private investigators that followed former employees and their families, court documents show.
Forrest brings Pearson on board
Noel Pearson’s invitation to join the Fortescue board is the culmination of a long relationship between the Indigenous leader and Andrew Forrest.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/3