News Articles for Andrew Forrest

Fortescue Metals Group has enjoyed a huge surge in cash flow and another rise in its share price after beating its shipments guidance for the 2021 financial year.

WA's richest man and one of the state's keenest telco investors are taking on the NBN.

The EPA has given Glencore subsidiary Minara Resources the green light to conduct an exploration program in the southern portion of its Irwin Hills Project in the north-eastern Goldfields.

Fortescue Metals Group is preparing branding for its green hydrogen and steel arm, with more than 30 trademarks pending, including the slogan 'The Power of Now'.

Tattarang's $85 million Ningaloo Lighthouse eco-resort proposal will be subject to the highest possible level of assessment by the EPA.

Mark Barnaba has been tasked with a cause close to Andrew Forrest's heart and hip pocket.

Minderoo has appointed former Dow executive and director Ramesh Ramachandran as chief executive of its No Plastic Waste initiative.

Perth-based nickel miner Minara Resources is pushing ahead with plans to assess the development potential of its Irwin Hills Project in the north-eastern Goldfields.

Andrew Forrest-backed telco Swoop has made its first major acquisition since listing on the ASX after finalising a $1.8 million deal to buy Victoria-based ISP Speedweb.

Andrew Forrest's Minderoo Foundation has participated in a $32 million funding round for a biotech company focused on preventative treatments for respiratory infections.

The world risks national oil companies stepping in to replace private capital if emissions reduction is poorly handled, Kevin Gallagher has warned, after the industry came under fire from Andrew Forrest today.

The state's economy is going gangbusters, but that will be tested when we emerge from the bubble.

Hancock Prospecting has backed a $1 million personal donation to the Special Air Services Resources Fund by its executive chair Gina Rinehart with a further $500,000 contribution to the special vehicle to support Australia's elite soldiers.

The mining sector is the largest supporter of indigenous businesses in Australia, but the contribution of the big miners is highly variable.

Shares in Andrew Forrest-backed telco Swoop more than doubled in value today as the company finished its first day of ASX trading with market capitalisation of $212 million.

Canada-based nickel miner Noront Resources has confirmed it has received an acquisition proposal from Andrew Forrest-chaired mining vehicle Wyloo Metals.

More than half of the world's single-use plastic is produced by fewer than two-dozen companies, according to new research published by the Minderoo Foundation.

A revised planning strategy and new developments could set the tone for a renewed Cottesloe beachfront.

With the big iron ore miners continuing to make record profits, is the WA community getting a fair return?

Andrew Forrest's agribusiness interests shook off the pandemic, with revenue at Harvest Road up 22 per cent to be $418 million.

Our updated listing of the 50 most influential Western Australians in business and politics highlights four individuals who stand apart from the rest.

Fortescue Metals Group has brought forward its target date for being carbon neutral, with the company spruiking green hydrogen while also talking down the future of gas.

Former prime minister Malcolm Turnbull is joining Fortescue Metals Group's green energy arm as chair of Australian Fortescue Future Industries.

The day is nearing when dividends going out of WA exceed the capital coming.

The ranking of WA's largest private companies has changed dramatically over the past decade.

The state government has awarded $10.2 million worth of grants to 18 agribusinesses, including Tattarang's Harvest Road Oceans.

Andrew Forrest has asserted that his mining company will do more to tackle climate change than electric car maker Tesla and revealed plans to start building Australia's first ‘green' steel plant this year.

Fortescue Metals Group has achieved an extraordinary jump in net profit to $US940 million in the month of December, highlighting the impact of sky-high iron ore prices.

Andrew Forrest's Tattarang has struck its third Canadian deal, this time to develop a nickel project in Quebec under a $25.4 million agreement with Orford Mining Corporation.

While Perth's CBD hotels are struggling, many accommodation providers around WA are faring well, if they can find enough staff.

Perth-based Castillo Copper is considering divestment opportunities for a “sizeable” asset in NSW, including a potential spin-out into a new listed entity.

Andrew and Nicola Forrest's Minderoo Foundation spent $88 million on philanthropic causes in 2020, giving $19.7 million to its Flourishing Oceans initiative.

After spending the past four months travelling the world on the old Fortescue Metals Group private jet, Andrew 'Twiggy' Forrest is now looking forward to the arrival of a brand new US$73 million aircraft.

New Zealand rugby administrator Tony Lewis will return to WA after being appointed chief executive of the Western Force, replacing outgoing CEO Mark Evans.

The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

Fortescue Metals Group has officially opened its Eliwana iron ore mine in the Pilbara, in the same week the commodity's price reached a new high of $US146 per tonne.

Decision time is looming as iron ore majors seek to lift export capacity.

Gary Dempsey Developments has lodged plans for a nine-storey apartment project along Cottesloe's popular Marine Parade strip.

Andrew Forrest's Tattarang is set to invest more than $15 million in Toronto-listed Noront Resources.

Andrew Forrest is $2.7 billion richer after the iron ore price rose to a seven-year high, while Chris Ellison's stake in Mineral Resources has grown by $53.4 million.