News Articles for Andrew Forrest

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.

Andrew and Nicola Forrest's charitable foundation increased its total spending by 65 per cent last financial year, while also making its largest ever financial commitment to a global gender fund.

The business dealings of Western Australia's big-name billionaires may grab most of the headlines, but last year it was Dale Alcock's ABN Group that deserved a closer look.

The Western Force has appointed Niamh O'Connor as chief executive officer, effective immediately.

Nicola Forrest has signed up two experienced Minderoo executives as co-directors of a new foundation but says she remains committed to her philanthropic endeavours with ex-partner Andrew Forrest.

Western Australian rare earths developer Hastings Technology Metals is looking abroad to eastern Europe to process ore from its mine under construction in the Gascoyne.

Mark Beyer and Jack McGinn discuss BGC results; home building incentives; housing price hikes; Rio royalty payments; Harvest Road's loss; all the action in lithium; Satterley's LWP deal and Cottesloe preselection.

Harvest Road Group, the agricultural arm of Andrew and Nicola Forrest's business empire, reported a $38.6 million loss after tax in the past financial year as revenues fell by more than $120 million.

Fortescue has pushed back its final investment decision for its proposed green hydrogen and ammonia project in Brisbane, saying it has “more work to do”.

BHP is notably absent from the race to develop lithium projects and only time will tell if it has made the right call.

Facebook parent company Meta has pleaded not guilty to charges brought by billionaire Andrew Forrest over an alleged cryptocurrency clickbait advertising scam.

WA's energy investment push comes while debate continues over the opportunities and threats posed by the US Inflation Reduction Act.

Well-known names feature among this year's list of WA's top earners, though not all are in the roles they've become known for.

In this podcast: Mark Beyer and Mark Pownall discuss FMG; Austal; IR reforms; office occupancy; Burswood Park; apartment dramas; Scyne Advisory; CEO salaries and WA's biggest employers.

Andrew Forrest has taken a shot at Woodside Energy and the oil and gas industry over its pursuit of new projects as Fortescue pivots its focus to green energy.

Andrew and Nicola Forrest have purchased Akubra to add to their ever-expanding rollcall of Australian business interests.

Fortescue Metals Group has revealed plans to establish a major manufacturing facility in the US state of Michigan, just a day after it unveiled a New York-based capital business.

Companies planning hydrogen projects in WA want more government leadership as they survey the sector's spluttering progress.

A Fortescue Future Industries staffer based in the US has left the business, adding to departures in recent months.

Fortescue has staked out an area larger than Brisbane near its Pilbara iron ore operations for a potential green energy hub, days after terminating an application for another site.

Minderoo Foundation has donated $10 million to facilitate the urgent delivery of humanitarian aid to civilians affected by the conflict in Gaza.

Western Australia's valuer-general has begun a major overhaul of convoluted pastoral rents to build a new valuation leaseholders can work out with “basic mathematics”.

Mining magnate Andrew Forrest's father Donald Forrest has died aged 95 surrounded by family at his “ancestral home” Minderoo Station.

The main players are not investing heavily in their own industry, instead they are finding better opportunities.

In this podcast, Mark Pownall and Jack McGinn discuss the latest on Chevron's IR deal, WA's top builders, potash deal, road funding, battery contacts, Synergy, Water Corp, tower plans, barramundi and Twiggy's mansion.

Billionaire Andrew Forrest has received approval to renovate Le Fanu after the local council greenlit his $30 million proposal for the Cottesloe site.

Andrew Forrest's plan for his $15.6 million Le Fanu property has received support from his neighbours, including John Bond and Annie Fogarty.

Fortescue Energy's ambition to have the world's first green ammonia-powered ship at sea by 2022 has seemingly veered off course, but the group has affirmed plans to trial the ‘Green Pioneer' later this year.

ANALYSIS: This week's departure of three senior people from Andrew Forrest's Fortescue Metals Group highlights just how different the Perth company is from its ASX peers.

In this podcast Mark Beyer and Mark Pownall discuss Fortescue's revolving door, Qantas, Perth house prices, renewable deal, Frank Wilson, Federal IR changes and the Dowerin Field Days.

Fortescue chair Andrew Forrest has made an impassioned speech to attendees of the Boao Forum for Asia Conference, saying it's up to businesses to 'save or destroy' the planet.

The mining giant is believed to be planning to exit its East Perth headquarters to move to a St Georges Terrace building.

The rapid push for EVs, and the search for metals required to power them, is leading to some uncomfortable outcomes.

In this podcast Mark Pownall and Mark Beyer discuss Forrest separation implications, Kerry Stokes' laneway, Ben Wyatt, Mark Hatfield, the Ritz Carlton, Chellingworth and Moody's.

The separation of billionaire power couple Andrew and Nicola Forrest has caused acrimony between Nine's Australian Financial Review and rival Seven West Media newspaper, The West Australian.