News Articles for Andrew Forrest

WA's iconic tall ship the STS Leeuwin II, which is backed by billionaires Andrew and Nicola Forrest's foundation, has been crushed by a container ship at Fremantle Port this morning.

Fortescue ended the 2024 financial year with a profit of $US5.7 billion ($A8.39 billion), an 18 per cent growth from the previous reporting period, while announcing an increase in dividends.

Simply calling something ‘green' doesn't mean much when it comes to convincing a customer to pay more than for a similar non-green product.

Andrew Forrest expects his push to decarbonise Fortescue's iron ore mines to rub off on the agriculture industry

A hydrogen haul truck, red dirt sod turning, and proof ore can be mined without emitting any carbon: it was a big day for Andrew Forrest and Fortescue at Christmas Creek

Andrew Forrest has scored a tactical win in his quest to grow melons and onions on Minderoo Station, with the Supreme Court ruling a refusal to grant consent was done so in error.

Greatland Gold remains keen on the ASX listing it postponed last year, pending progress on the potential buyback of a majority stake in the Havieron gold project from JV partner Newmont.

Fortescue boss Dino Otranto has provided a candid assessment regarding market conditions and the company’s recent decision to cull 700 jobs.

Fortescue's Pilbara ore exports have reached new highs but premiums for its high value Iron Bridge rocks have been squeezed by Chinese steel mills.

Job cuts across Andrew Forrest's Fortescue empire will be split across both the energy and metals divisions globally, but the miner says it's not pulling back from green hydrogen ambitions.

Fortescue will cut 700 people from its global sites by the end of the month in a bid to “simplify” its operations.

GenusPlus Group has extended its close working relationship with Western Power, after securing a significant maintenance and upgrade works program with the company.

Multi-generational farming families are making the switch from custodians of land to stewards of wealth.

In 2011, Andrew and Nicola Forrest made an unusual donation that has delivered more benefits to WA's arts sector than anyone ever anticipated.

From the outset it was clear Chinese Premier Li Qiang and Australia Prime Minister Anthony Albanese's visit to Perth was going to be colourful, if not particularly newsworthy.

Iron ore magnate Gina Rinehart has risen to the top of the state's 2024 Power 500, with her influence over mining projects behind a $45 billion fortune the clinching factor.

The Minderoo Foundation will invest in Fortescue-developed security gates to help deliver aid into Gaza, according to founder and chair Andrew Forrest.

Andrew Forrest-backed Swoop Holdings has entered into a binding sale agreement in order to divest its wholesale voice call termination business to Pivotel Group for $9 million.

The Western Force has entered a three-way research partnership project with UK-based Hytro Limited and the University of Western Australia, in a bid for its players to enhance their travel recovery.

City of Perth Lord Mayor Basil Zempilas has lauded the Forrest empire's plans for Carillon City, revealing the development will include student accommodation as part of a university-centric city vision.

A Melbourne Rebels-backed consortium have been unsuccessful in securing a participation agreement for the 2025 Super Rugby Pacific competition.

In this podcast, Mark Beyer and Mark Pownall discuss Forrest property buy; resource conferences; BHP; Anglo-American; Carolyn Turnbull's new job; Feral Brewing's new owner; and preview the next magazine.

The mining magnate has acquired a significant chunk of coastal land in a $107 million deal, as a plan to rezone the area sits with government.

Mark Beyer and Mark Pownall discuss the federal budget's mining support, Santos and Quintis job cuts, live sheep exports, property development approvals, NWQ Capital Management, and Clough's journey under Peter Bennett.

Andrew Forrest has led a chorus of industry support for new policies subsidising critical minerals and hydrogen projects, but the measures have failed to garner bipartisan backing.

The Western Force has announced two changes to its high-performance management team, as it continues towards its goal of being the best club in world rugby.

Greatland Gold managing director Shaun Day says the company would be open to consolidating ownership of the Havieron gold-copper project if the opportunity presented itself.

Entrepreneur Vikas Rambal's $4.4 billion fortune leads a group of dozens of new names to be recognised for their wealth generation in the inaugural Business News Rich List.

Andrew Forrest-backed Fortescue recorded a six per cent drop in iron ore shipments throughout its March 2024 quarter.

Mark Pownall and Jack McGinn discuss subsidy warnings; WA Labor's next generation; Hancock's Lynas stake, tailings clean up, Minderoo job cuts, Macmahon's move for Decmil and Inpex's Ichthys decision.

Sport has become big business in WA, but who runs these organisations and how do they navigate the differing needs of stakeholders?

Plenty has shifted in Business News' annual look at WA's 50 most influential figures, with changes starting at the top of the list.

The charity behind the iconic Leeuwin tall ship has weathered the storm of administration, aided by a $3.5 million boost from Minderoo Foundation.

Experienced mining executive Greg Lilleyman has been appointed Caravel Minerals' strategic board adviser.

Andrew Forrest-backed Fortescue has acquired a 19.9 per cent stake in Magmatic Resources, in addition to its farm-in, joint venture agreement with the company.

Minderoo Foundation has pledged $5 million towards demining agricultural land in Ukraine, adding to its support for the war-torn country.

Andrew Forrest has used a National Press Club address to hit out at fossil fuels and nuclear energy, while calling on Australian policymakers to “get on with” facilitating a renewable revolution.

Newmont Corporation has announced it will divest six of its non-core assets, including its Telfer goldmine in the Pilbara, with Andrew Forrest-backed Greatland Gold the likely buyer.

BHP has pushed back plans to build a 1,152-person camp to house nickel workers as the miner mulls the viability of a $750 million upgrade of its Kalgoorlie nickel smelter.

Fortescue is set to pay out $3.32 billion in dividends after a substantial lift in its interim profit, with the biggest beneficiaries being Andrew and Nicola Forrest.