News Articles for Andrew Forrest

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.

Global engineering firm Sandvik Mining and Rock Technology has signed a long-term lease for a purpose-built workshop at Roe Highway Logistics Park in Kenwick.

Fortescue Metals Group says it had no choice but to withhold royalties to a Pilbara Indigenous group after traditional owners declined to sign land access deeds.

Fortescue Metals Group chairman Andrew Forrest has outlined an ambitious plan under which renewable energy will rank alongside the company's core mining business.

Andrew Forrest's commercial property arm has purchased 190 St Georges Terrace, a 12-storey office building, for an undisclosed sum.

Andrew Forrest's Harvest Road has appointed former Mrs Mac's pies boss Paul Slaughter to lead the agribusiness group as it plans for expansion.

Cashless debit cards for welfare recipients are not worth the human cost, senators have been told.

Mining magnate Gina Rinehart has become Australia's richest person after her net worth jumped 109 per cent to nearly $29 billion.

With property groups increasingly understanding the potential of heritage assets, Business News explores some of the state's prominent heritage redevelopments and those in the pipeline.

Two years after returning to Perth from New York, Ross Love has emerged as an influential figure in the state government.

Andrew and Nicola Forrest have added to their sprawling private business empire by purchasing boot manufacturer and retailer R.M. Williams for a reported $190 million.