News Articles for Nev Power

The state government has announced it will bring forward $150 million in social housing investment as stimulus during post-pandemic economic recovery.

The National COVID-19 Coordination Commission chaired by Nev Power has produced its first tangible result with the launch of an online planning tool to help business develop a recovery plan from the shutdown.

800 cruise ship passengers to be quarantined at Rottnest. WA's COVID-19 cases rise by 30 to 205. Premier Mark McGowan introduces alcohol sale restrictions. Australia's COVID-19 cases rise by 287 to 2,423.

Former Fortescue Metals Group chief executive and current Perth Airport chairman Nev Power has been recruited by the prime minister to lead a National COVID-19 Coordination Commission.

Helping to establish a $35 million endowment fund for the WA Museum is the latest step in Jenny Allen's philanthropic journey.

Two prominent Perth company directors have been involved in board moves today, with Nev Power to join Strike Energy and Wesfarmers announcing that Tony Howarth will step down.

SPECIAL REPORT: In business and philanthropy, executive diversity and on the sports field, it has been quite a year for Andrew Forrest.

The Foundation for the WA Museum has appointed two new members to the board, with Nev Power set to become its chair.

Former Fortescue Metals Group CEO Nev Power's new career as a non-executive director has started with Perth Airport.

SPECIAL REPORT: Our annual analysis of the state's movers and shakers shows that sometimes the best examples of influence are demonstrated not by what change an influencer starts, but rather what they can stop.

Former Fortescue Metals Group chief executive and well-known aviation enthusiast and commercial pilot, Nev Power, has been appointed as chairman of Perth Airport.

Nev Power has resigned as chief executive of Fortescue Metals Group. The company has appointed current chief financial officer and executive director Elizabeth Gaines as its new chief executive.

Fortescue Metals shipped less iron ore in the December quarter as it continued to lower production costs.

Fortescue Metals Group has been included in a worldwide gender equality index created by data services giant Bloomberg.

Dutch company KOTUG and local subcontractor Westug have been selected to provide towage services for Fortescue Metals Group at Port Hedland, 18 months after the iron ore miner won a tender that broke BHP Billiton's monopoly at the port.

Fortescue Metals Group will appeal the Federal Court ruling granting exclusive rights to the Yindjibarndi people over Pilbara land where the company operates its Solomon hub, three weeks after the state government welcomed the decision.

Fortescue Metals Group has announced major changes to its leadership, with a new chief executive taking the reins and its directors taking a hands-on role to support an updated strategy that focuses on producing more higher-grade iron ore.

China's great environmental clean-up is starting to produce knock-on effects in Western Australia, with none more interesting than the ‘quality clash' in the iron ore sector.

SPECIAL REPORT FOR SUBSCRIBERS ONLY: The annual Business News remuneration survey has data and in-depth analysis on hundreds of WA company directors and executives. We identify the top earners, including the people who qualified for large bonuses and equity incentives, in some cases year after year. The survey also reveals a big jump in the number of WA people who earned incomes of $1 million or more last financial year.

Even those with only a passing interest in the resources sector would recognise there's something unusual about an iron ore miner talking up a natural gas project and an oilman talking it down.

Fortescue Metals Group is on track to the meet its annual iron ore shipments forecast but has downgraded its guidance on the price it expects to realise.

Fortescue Metals Group has partnered with ANZ Banking Group to set up a $50 million leasing facility for indigenous-owned businesses that have contracts with the iron ore miner.

After seven years at the helm of Fortescue Metals Group, Nev Power has announced he will hand over the reins and take a much-needed holiday.

Fortescue Metals has flagged it will sustain higher payouts for shareholders after a rebound in iron prices and lower costs helped it more than double full-year profit.

Fortescue Metals Group is likely to join mining giant Rio Tinto in raising dividends as the price of iron ore remains elevated.

Fortescue Metals Group claimed today that a new power station built by Canadian company TransAlta Corporation at South Hedland had failed to achieve commercial production, while the miner also announced it would buy back a second power station it sold to TransAlta in 2012.

Fortescue Metals Group chief executive Nev Power says the value of minerals would be excluded from its looming compensation battle against the Yindjibarndi people, but that claim has been disputed by the native title group's legal team.

Fortescue Metals Group expects to trim its costs further this year and is targeting steady iron ore shipments in the 2018 financial year after posting a solid fourth quarter performance.

Fortescue Metals Group is likely to lodge an appeal after the Federal Court recognised the Yindjibarndi people have exclusive rights over Pilbara land where the company operates the Solomon iron ore operation.

Fortescue Metals Group, Chevron and Rio Tinto have announced six new deals with indigenous businesses and charities, with the winners including Pilbara contractor Wirlu-murra Yindjibarndi Enterprises and Perth stationery supplier Kulbardi.

Fortescue Metals Group will deploy a further 112 autonomous trucks across its Pilbara hubs during the next three years as part of its ongoing innovation plans.

Local indigenous business Redspear Safety has won a contract to supply lifting and rigging equipment across all Fortescue Metals Group operational sites, for an undisclosed sum.

Iron ore miners Rio Tinto and Fortescue Metals Group have announced initiatives designed to assist local suppliers, with Rio establishing a dedicated procurement team and FMG shortening payment terms.

Iron ore miner Fortescue Metals Group's shipments dropped 6 per cent in the March quarter due to heavy rainfall and port closures, the company says.

Iron ore miner Fortescue Metals Group is taking further advantage of stronger iron ore prices by paying off another large chunk of its debt.

Iron ore miner Fortescue Metals Group has joined larger rival BHP Billiton in forecasting a near-term moderation in iron ore prices, downplaying the rally that has helped it boost profits and lift shareholder payouts.

Prominent Western Australian business and government leaders, including Nev Power and Dale Alcock, will hit the streets this week to sell The Big Issue magazine as part of the not-for-profit organisation's annual awareness campaign.

Fortescue Metals Group looks set to achieve its full-year guidance after outlining steady iron ore shipments and further cost cuts in the December quarter.

Nev Power has remembered Peter Lynch as a great mate, a beloved father of three and a respected member of the mining and aviation communities after the recent Fortescue Metals Group recruit was killed when his sea plane crashed into the Swan River yesterday.

Iron ore miner Fortescue Metals Group has named non-executive director and former Helloworld and Heytesbury executive, Elizabeth Gaines, as its new chief financial officer.