News Articles for Andrew Forrest

Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.

Almost 10 months after it opened, Freo.Social has expanded its range to include a dining option with the addition of Beer.Kitchen, the venue's new 22-item dining offering launched in mid-December.

The federal government has announced a $50 million emergency fund to address the loss of wildlife during the nation's bushfire season, as more Australian businesses have pledged millions in combined donations.

Andrew and Nicola Forrest's Minderoo Foundation has committed $70 million to Australia's bushfire response, far exceeding the contributions made by big companies across the country.

Andrew Forrest's agricultural investment vehicle Harvest Road Group has taken a major step towards building Western Australia's biggest cattle feeding facility, with plans recently lodged for approval by planning authorities.

Mincor Resources has reported a surge of demand for the company's stock, with a $5 million share purchase plan closing early and oversubscribed, while Titan Minerals has secured $3.5 million for its Peruvian exploration operations.

Perth-based Mincor Resources has received commitments to raise $30 million through a placement, backed by major shareholders Andrew Forrest and Independence Group, and is looking to raise a further $5 million through a share purchase plan.

The Minderoo Foundation will begin development of a new research centre near the Ningaloo Reef following the signing of a lease agreement with the Shire of Exmouth.

Perenti Global subsidiary Ausdrill and Fortescue Metals Group have struck separate partnership deals with hockey teams, including the national women's and men's hockey teams.

Rio Tinto's 22-year relationship with Black Swan State Theatre Company has come to an end, as it was announced at the theatre company's season launch last night that Fortescue Metals Group will step in as its new principal partner.

Andrew and Nicola Forrest's Minderoo Foundation has announced a $US300 million ($440 million) commitment to establish a new industry-focused initiative to end worldwide plastic waste.

Andrew Forrest-backed Poseidon Nickel has edged closer to restarting operations at its Black Swan project in Western Australia following a recent surge in nickel prices.

Fortescue Metals Group's full-year profit has nearly tripled to $US3.2 billion on the back of a period of soaring iron ore prices in the 2019 financial year.

Andrew Forrest's Minderoo Group has narrowed the choice for the preferred design to replace the Indiana Tea House on Cottesloe Beach, after two of the four designs received strong support from the public and the competition jury.

Andrew Forrest's Minderoo Group plans to demolish the Indiana Tea House at Cottesloe Beach and replace it with one of four concepts released for public comment today.

Andrew Forrest has invested $15 million on Fremantle property assets in the past 15 months, as the biggest regenerative project in local history nears completion

Andrew Forrest's Minderoo Group has named a shortlist of four architecture firms to guide the redevelopment of Cottesloe's famous Indiana Tea House.

Buru Energy has confirmed Andrew Forrest has taken a small stake in the company, after the oil producer responded to a price query today.

Andrew and Nicola Forrest's Minderoo Foundation has pledged up to $2 million to The Nature Conservancy to undertake a series of activities to improve the Swan-Canning Estuary's health, including the restoration of lost shellfish reefs.

Andrew Forrest has pounced on a potential play to supply WA gas to an east coast industrial market pounded by high prices.

Andrew Forrest will have an income of nearly $1 billion this financial year after Fortescue Metals Group announced a 60 cent per share final dividend today.

Following in the footsteps of Stan Perron, some key names in philanthropy have increased their funding distribution, but many charity recipients are struggling to measure the impact of these donations.

Andrew and Nicola Forrest's agricultural investment company, Harvest Road Group, has reported a big surge in annual profit to $7 million after a restructure combined the family's expansive pastoral stations with their Harvey Beef business.

UPDATED: Gina Rinehart, Andrew Forrest, Kerry Stokes, Bianca Rinehart and Angela Bennett are the wealthiest people in Western Australia, according to a new rich list.

Big donations to three philanthropic trusts in Western Australia augur well for future charitable donations, although the state's wealthiest person, Gina Rinehart, has bucked the trend.

Mining mogul Gina Rinehart retains her spot at the top of Forbes' Aussie rich list despite falling iron ore prices knocking her wealth down $US1.8 billion, to $US14.8 billion (down approximately $2.5 billion, to approximately $20.6 billion).

Andrew and Nicola Forrest have recruited a former banking executive as the inaugural chief executive of their private company Minderoo, while also disclosing its total assets more than doubled last

Andrew Forrest's agribusiness portfolio is set for a big expansion, with his Harvest Road Group planning a 60,000 head per year cattle development worth up to $50 million in the wheatbelt.

SPECIAL REPORT: In business and philanthropy, executive diversity and on the sports field, it has been quite a year for Andrew Forrest.

Andrew Forrest has made a $23 million share purchase in Fortescue Metals Group, confirming his position at the top of Business News' director shareholdings list.

SPECIAL REPORT: Asset sales and M&A action were the highlights of a busy year for WA's wealthiest.

Andrew Forrest's planned Asia Pacific-focused rugby competition has been given the green light by the World Rugby council, with further details of the new series unveiled.

ANNIVERSARY SPECIAL: From those who risked their own capital to the corporate cowboys of WA Inc and the ‘hired help' of today, WA's corporate story features many powerful personalities. This article is part of a special series to mark Business News' 25-year anniversary.

Andrew Forrest has upped his stake in Fortescue Metals Group after buying $15 million worth of shares in the iron ore miner last week.

Andrew Forrest-led Fortescue Metals Group has reported an 8.6 per cent fall in first-quarter iron ore shipments as pollution curbs in China reduced demand for its lower-grade ore.

The Channel 7 Telethon Trust achieved another fundraising record over the weekend, raising $38 million for medical research, but its success has not been shared across the charity sector, with Variety WA's Carols by Candlelight the latest of several events to be cancelled due to a lack of financial support.

Andrew Forrest's planned Asia Pacific-focused rugby competition is a step closer to reality, after the World Rugby executive committee recommended approval of the series.

Gina Rinehart's Hancock Prospecting has conditionally upped its takeover offer for Atlas Iron in a bid to win over Fortescue Metals Group, which holds a blocking stake.

The corporate regulator has objected to an underwriting deal under which Andrew Forrest's Squadron Resources could end up with as much as 61 per cent of Poseidon Nickel.

Panoramic Resources has agreed to sell the Lanfranchi nickel project for $15 million to Texas-based Black Mountain Metals, showing the American business is still on the hunt for nickel opportunities in Western Australia.