News Articles for Andrew Forrest

Andrew Forrest has told Fortescue staff that a decision to pick German giant Liebherr over WesTrac for a major contract has caused a rift with billionaire Kerry Stokes' empire.

Mining royalties paid to all Aboriginal groups in WA are less than half the amount paid to four wealthy families, new research has found.

Our updated ranking of WA's largest and most profitable private companies has a mix of familiar and little-known names.

Fortescue Metals Group has inked a mining agreement with the Republic of Gabon for the Belinga iron ore project with ambitions to break first ground by the second half of 2023.

Federal Labor came to office with a ‘Powering Australia' plan, promising to boost renewable energy, reduce Australia's emissions by 43 per cent by 2030, and cut family power bills by $275 a year by 2025.

The voluntary administrators to Sun Cable say the sale process has commenced for the $30 billion solar project, with binding proposals due by the end of April.

Andrew Forrest's Fortescue Metals Group broke its iron ore shipping record in the December quarter while plans to progress its green energy projects faced a setback.

Exporters will not be assessed on their indirect carbon emissions under WA's proposed net zero by 2050 legislation.

Political intervention in energy markets has a way of going off track.

Liv Declerck talks about her recent conversation with fashion designer and artist Aurelio Costarella, who graces the cover of the latest edition of Business News.

Plans to export electricity from Australia to Singapore via a subsea cable are no longer commercially viable and need to be amended, Andrew Forrest's top executive said today.

Mark Pownall and Mark Beyer discuss Andrew Forrest, Cape Mentelle Vineyards, Julian Walter, CBH Group, Westpork and preview the next edition of Business News.

Billionaires Andrew Forrest and Mike Cannon-Brookes have declared their support for Sun Cable's ambitious $35 billion renewable energy project but its clear they won't be investing together.

Matt Mckenzie with today's top headlines including Sun Cable, the Forrestfield-Airport Rail Link and data on inflation and job vacancies.

Ambitious plans to develop the world's largest solar energy network in the NT have gone awry after a disagreement between billionaire backers Andrew Forrest and Mike Cannon-Brookes.

Fortescue Metals Group chief financial officer Ian Wells will step down from his role at the end of this month, after four years in the position and more than a decade with the company.

Minderoo Foundation has set new donation target of $1 million to support the build of WA's first children's hospice.

Business News values the assets of WA's richest people, and explores how they've used that wealth in 2022.

Limitless: Business News visits the warehouse where Fortescue hopes to reshape the future of energy.

Andrew Forrest's CWP Renewables buy propels Squadron Energy to the biggest renewable energy developer in the country and supports the billionaire's dream for a ‘green energy ecosystem'.

Washington's top diplomat in Perth is adamant the Australia-US relationship is stronger than any political strife.

Fortescue Metals Group has poached one of Woodside Energy's top executives, Fiona Hick, as the new chief executive of its mining business.

A research centre launched by Andrew and Nicola Forrest's Minderoo Foundation will use advance DNA sequencing technology to find major breakthroughs in ocean conservation.

Fortescue Future Industries chief financial officer Guy Debelle is stepping down less than six months into his new posting to recover from a serious cycling incident.

Fortescue executives will have their bonuses tied to emissions reduction targets under a new albeit vague incentive structure tabled by chairman Andrew Forrest at the group's AGM this morning.

Former British Airways chief executive Rod Eddington has been appointed to the advisory board of Squadron Energy, a subsidiary of Andrew and Nicola Forrest's company Tattarang.

FMG and its executive chair Andrew Forrest had a hostile welcome to country today in the Pilbara.

Higher input costs and a weaker iron ore price were evident during Fortescue's first quarter of the new financial year, along with Chairman Andrew Forrest's green energy ambitions.

Researchers Steve Wilton and Sue Fletcher have been recognised for their biotech industry leadership, while a life science legacy award has been presented to Andrew and Nicola Forrest.

Andrew and Nicola Forrest have opened the possibility of having separate CEOs for their investment company and their philanthropic foundation after appointing John Hartman to replace Andrew Hagger.

Mining billionaire Andrew "Twiggy" Forrest's court case against Facebook parent Meta will proceed after overcoming an argument about legal jurisdiction.

Public policy shortcomings have continued to pay dividends for private internet network providers.

Andrew Forrest's Wyloo Metals has launched an 11th-hour bid to overturn the Supreme Court's dismissal of its tenement spat with sand miner Quarry Park and Cauldron Energy.

Fortescue Future Industries will put A$195 million towards a green energy and liquified natural gas import facility in Germany anticipating its first hydrogen delivery four years from now.

Andrew Forrest-led Fiveight has received approval for its Spicers site project in Fremantle after a development assessment panel's three-hour meeting.

Iron ore miner Fortescue says it will save about $1.2 billion a year in operating costs by moving to what it calls "real zero" by 2030.

The Andrew and Nicola Forrest-led group will revamp the 12-storey building into an A-grade office development.

A European leader in clean energy has earmarked $4.4 billion for Australia's transition, with new climate laws set to require a massive spend on the grid.

Woolworths Group says it is considering ‘all options' to unlock value for luxury retailer David Jones after a tough spell during the pandemic, with Andrew Forrest a reported suitor.

Billionaire Andrew Forrest has snapped up Cottesloe's heritage-listed Le Fanu for $15.6 million after the property spent more than three years on the market.