News Articles for Andrew Forrest

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.

Mining magnate Andrew Forrest's hospitality and entertainment company, Z1Z, will open its first venue at the Old Swan Brewery site in early November.

Former Fortescue Metals Group director Kenneth C Ambrecht, who has been at the helm of several prominent American finance firms, has passed away.

Andrew Forrest-backed Mincor Resources has approved the development of its nickel operations in Western Australia's Kambalda region, identifying first production from December next year.

Fortescue Metals Group and the Papua New Guinea government will undertake feasibility work for hydropower projects, with electricity exports and steel making potential uses.

Fortescue Metals Group has substantially increased its final dividend after posting a record annual profit, with company founder and chairman Andrew Forrest getting nearly $2 billion in dividends.

Using seaweed products to replace plastic is just one of many Western Australian ideas under exploration to improve ocean health.

Fortescue Metals Group has become Western Australia's most valuable company after strong production data released today supported its remarkable two-year share price rally.

More than 10 years in the making, Fremantle's $1 billion pipeline of property developments is starting to take shape.

Andrew and Nicola Forrest-backed Tattarang will pay $30 million to acquire two major pastoral stations in the Kimberley, increasing its already extensive Harvest Road investments.

Andrew and Nicola Forrest-backed investment group Tattarang has reportedly acquired a 50 per cent stake in Sydney-based fintech Azupay for more than $4 million.

The Western Force has accepted an offer from Rugby Australia to participate in a proposed one-off domestic competition this year.

Andrew and Nicola Forrest have rebranded their private company as Tattarang, with the change of name coming soon after several board and executive changes.

Going against the grain is nothing new for iron ore magnate Andrew Forrest.

Fraser's Restaurant Group has announced it won't be reopening The Old Brewery on Mounts Bay Road once COVID-19 social distancing restrictions are relaxed, surrendering its tenancy to head lease owners Minderoo Group.

Giving increased last financial year, but the economic fallout from COVID-19 will affect the potential for generosity into the future.

Adarsh Australia has been awarded a government contract to produce up to 10,000 face shields for Western Australia's surgeons and ENT specialists, boosting the state's supply of critical protective medical equipment during the COVID-19 pandemic.

Andrew Forrest has run a nimble and remarkably successful campaign to procure medical equipment from China, while WA's healthcare community has rallied to prepare for the COVID-19 pandemic.

Billionaires Andrew Forrest and Kerry Stokes will combine their resources and expertise to redevelop the historic East Perth Power Station, after the state government unveiled Minderoo Group and Australian Capital Equity as its preferred redevelopment partners.

SPECIAL REPORT: Institutional investor interest is continuing to grow in WA's agricultural sector, unaffected by the global uncertainty of the novel coronavirus crisis.

The federal government will provide $100 million to more than 300 charities, Minderoo Foundation committed $5 million to community initiatives, and Gina Rinehart donated $6 million to the Royal Flying Doctor Service of Australia over the weekend to help charities meet increased demand.

Andrew and Nicola Forrest have donated an additional $520 million to their philanthropic organisation Minderoo Foundation, bringing their total donations to $2 billion.

Health Minister Roger Cook said testing criteria for COVID-19 would expand as of tomorrow, 28 new cases in WA overnight; Premier Mark McGowan aired his grievances with the Artania cruise ship, and Andrew Forrest pledged $160 million towards procuring medical supplies and increasing testing in WA.

Andrew and Nicola Forrest's Minderoo Foundation is flying in tonnes of medical supplies from China and increasing Western Australia's capacity to test for COVID-19, as part of a rescue package announced today.

Andrew Forrest's Minderoo Group has invested in corporate internet provider Cirrus Communications, which this week unveiled new branding as Swoop.

Andrew Forrest has added to his diverse business portfolio, purchasing global renewable energy development company Windlab in a consortium with Sydney-based Federation Asset Management.

Fortescue Metals Group chair Andrew Forrest has purchased an additional $242 million worth of shares in the company, shortly after Perth-based executives of other leading companies, including Peter Coleman, Ian Testrow and Bill Beament, also made big trades.

Andrew Forrest is increasing the scope of his agricultural investment vehicle, Harvest Road Group, reaching an agreement to acquire Albany oyster farm Ocean Foods International.

This year's Most Influential feature has been narrowed down to the 50 people in WA making the biggest impact in business and politics.

Andrew Forrest's Minderoo Group is heading back to the drawing board on its plan to redevelop Cottesloe's Indiana Tea House, after the local community expressed little desire to see an architectural jury's preferred design become reality.

Construction work will start in April on the $35 million second stage of the University of Western Australia's Forrest Hall, with local building firm Jaxon appointed to carry out the works.