A former Fortescue senior executive is joining Vulcan Energy to spearhead the financing strategy for a phased development of the world’s first zero-carbon lithium operation.
Consumer gloom continues, according to Westpac survey. Rio flags second-half China recovery. Lovisa, Seven, Super Retail hit by analyst downgrades.
The big miners are optimistic demand created by the energy transition will improve their prospects but agree government industrial relations policy is a thorn in their sides.
Aussie commodity producers will be rallying for at least the next six months, according to latest market forecasts, as Fortescue works to resume its Pilbara rail operations.
Mark Creasy’s resources portfolio was the kingmaker in lithium deals during 2023 and one of his iron ore plays is ready to open the dealmaking for 2024.
Australian shares continued to advance on Thursday as a rally in the materials sector pushed the benchmark to close just 14.6 points below its record high.
The Australian surveyed the nation’s top CEOs on inflation, energy and opportunities ahead for 2024. From Cbus Super to Fortescue to IAG, these are the responses from C-I companies.
Fortescue Energy boss Mark Hutchinson says a €200m ($330m) grant from the EU’s innovation fund puts the company a step closer to an investment decision on a Norwegian ammonia plant.
Rio Tinto shares at highest since July 2021. NAB, CBA and ANZ see weak December for retail spending. Sigma investors back Chemist Warehouse merger. Markets await US Federal Reserve rate call.
Fortescue has finally delivered its long-awaited investment decision on green hydrogen projects but it’s only served to heighten concern among the doubters.
A mining start-up based in Perth, a decarbonisation start-up and a tech learning platform which has built a three-week pathway to a $100,000 salary, have all raised new capital.
The lawsuit alleges Fortescue reneged on a deal to buy coal assets with a company owned by US hedge fund billionaire Paul Tudor Jones.
Tony Burke’s deal with the Australian Resources & Energy Employer Association is a big win for the Albanese government.
Shareholders have returned an historic strike against Andrew Forrest’s mining giant, as it earmarked $1bn for its first green hydrogen projects in Arizona and Queensland.
RBA ‘resolute’ on CPI returning to target. Backlash against payouts to former Fortescue execs. Pro Medicus founders’ $176m selldown. AGL avoids second strike as Cannon-Brookes demands climate action.
The rust-belt manufacturing city of Detroit is the new home of Fortescue’s green technology ambitions, thanks to generous support from US state and federal governments.
US-based Fortescue Capital has been announced in order to attract global capital for founder Andrew Forrest’s green ambitions.
Andrew Forrest’s Fortescue Energy is yet to formally green light any of its many green hydrogen projects, but Brazil’s president says a $US5bn investment is headed his country’s way.
Multiple witnesses describe how violence and division spread in the wake of a Fortescue-inspired split in the Yindjibarndi people.
Fortescue supplier Plug Power has warned it needs cash or it faces financial collapse, throwing up another hurdle to Andrew Forrest’s green ambitions.
A plan to build up to 5.4 gigawatts of wind and solar generation capacity – including 340 wind turbines and a solar farm – has been shelved in WA.
The Fortescue boss says China will always be a ‘long-term critical partner’ and will play a key role in net zero ambitions as he prepares to join the Prime Minister’s China trip this week.
Over budget and late, Fortescue Metal’s new mine is continuing to deliver pain for the iron ore major.
Bourse at year low. PwC spin-off hit by slump in new work. Billionaire miner Rinehart likely buying up Azure after SQM’s $1.6bn bid. First strikes at Woolworths, Whitehaven and APA. Luci Ellis tips Nov rate rise.
Eco-catastrophist miner Andrew Forrest wants subsidies to stop the world spiral into fatal humidity.
The Fortescue chairman says the people of Gaza are suffering, and the funding – which matches the federal government’s pledge – will help avert the rapid acceleration of a tragedy.
Fortescue is in line for a hefty subsidy after cutting a deal to study the feasibility of converting a US coal-fired power plant and mine in Washington into a hydrogen production facility.
Andrew Forrest’s Fortescue Metals will buy solar power from Genex as the mining billionaire bolsters his already substantial renewables portfolio.
Companies targeting net zero emissions by 2040 are letting others do the heavy lifting, according to Fortescue chief Mark Hutchinson.
Senate committee also wants ACCC aviation inquiry. Search for new Future Fund chair as Peter Costello exits. Ari Mervis next Myer chair, Olivia Wirth as director. AUD down. Oil, gold up amid Middle East turmoil.
Original URL: https://www.theaustralian.com.au/topics/fortescue-metals/page/6