IT has been a big week of‘giving' by Australian directors, with former WorleyParsons CEO John Grill giving $20 million to the University of Sydney and revelations that Rams Home Loans founder John
The value of shares held by some of the biggest names in mining have slumped along with the companies they lead, but there are pockets of good news in what has been a tough year on the markets.
A fresh capital raising and further asset sales are believed to be among the options being evaluated by iron ore miner Fortescue Metals Group, which has halted trade in its shares as negotiations c
Indigenous businesses are building capacity through joint ventures and are growing on the back of multi-billion dollar contracts from big mining companies.
Twenty years on from the first recognition of native title in Australia, land-use agreement negotiations and the management of benefits has evolved significantly.
Fortescue Metals Group chairman Andrew Forrest has purchased another $43 million worth of shares in the iron ore miner, taking his total spend on FMG stock this week over $100 million.
Fortescue Metals Group non-executive chairman Andrew Forrest has bought 12.7 million shares on-market at a cost of $62 million, bringing his stake in the WA iron ore miner to 995 million shares cur
Fortescue Metals Group chairman Andrew Forrest has increased his stake in the iron ore miner to just over 32 per cent, contrary to market speculation he was set to tip nearly $300 million into the
The Western Australian CEO Sleepout has raised $700,000 and counting after a successful 2012 event which culminated in 106 CEOs staying at the WA Cricket Association ground last night.
AS the world enters its fifth year of economic turbulence and even the best-insulated businesses in Western Australia are being affected, the factors that determine business influence in this state
Fortescue Metals Group has hit back at Treasurer Wayne Swan, calling his attack on company founder Andrew Forrest “extreme”, “irrational” and “very disappointing”.
UPDATE: Fortescue Metals Group has vehemently denied claims from a native title group that it is operating unlawfully with regards to Aboriginal heritage at one of its Pilbara mines.
Fortescue Metals Group chairman Andrew Forrest has provided nearly $100 million since the beginning of September to selected company executives to enable them to purchase FMG stock on-market.
Murdoch University's Institute for Immunology and Infectious Diseases has received a record personal donation; a $1.3 million gift from Fortescue Metals group chairman Andrew Forrest and his wife N
Last night's Vinnies' CEO Sleepout saw 107 chief executives sleeping rough in the name of charity, and none did it tougher than Mermaid Marine boss Jeff Weber.
Fortescue Metals Group has announced that its chief executive Andrew Forrest will retire from his current role, and will succeed Herb Elliott as chairman of the company.
Fortescue Metals Group chief executive Andrew Forrest's tenure is under a cloud after the corporate regulator won the latest leg in its battle with him over his duties as a director.
A major shareholder in Fortescue Metals is taking legal action against the miner and chief executive Andrew Forrest, over the possible issue of extra debt securities.
Fortescue Metals Group will spend $360 million to upgrade its Christmas Creek iron ore mine in the Pilbara to boost its total Pilbara output by 40 per cent to 55 million tonnes a year by mid 2011.
TWO not-for-profit organisations this month demonstrated that carefully planned and targeted fundraising activities can achieve outstanding results in spite of the poor economic conditions.
Fortescue Metals Group says a proposed $US6 billion funding agreement with Chinese banks will give it optimum flexibility to expand its Pilbara iron ore operations to meet demand from Chinese customers.
Fortescue Metals Group says it is closely watching relations between China and Australia following the detention of four Rio Tinto staff as it forecasts a lift in demand in the short-term from Asian steel mills.
The corporate watchdog says it will ask the Federal Court to consider disqualifying Andrew Forrest from acting as a director as legal proceedings involving Fortescue Metals Group is set to start on Monday.
Fortescue Metals Group remains in a trading halt as it considers more capital raising after agreeing to sell a stake to a Chinese steel maker for $1.2 billion.
Iron ore miner Fortescue Metals Group has negotiated a $558 million capital injection at $2.48 per share with Chinese steel maker Hunan Valin Iron and Steel Group Company.
Fortescue Metals Group Ltd and its chief executive Andrew Forrest will head to court in April next year to fight claims made by the corporate watchdog.
The Western Australian business success story that everyone has been talking about in the past twelve months, Fortescue Metals Group, has topped the emerging brands list.
The second incarnation of the infamous nickel mine that sparked the Poseidon bubble of the early 1970s is sure to have many closely watching the development of Poseidon mark 11, especially because of Andrew Forrest's involvement.
