A remote Aboriginal community’s long and poisonous battle with Fortescue Metals Group over its iron ore-rich Pilbara land has reached the Federal Court.
The iron ore giant’s months-long stock rally appears to be over as investors turn sour on the company’s earnings growth and high exposure to slumping metal prices.
Andrew Forrest’s Fortescue has reported a boost in earnings and profits despite shipments and production of iron ore from its key Pilbara operations falling.
The health of China’s economy will be a key focus for investors when big miners BHP,Rio Tinto and Fortescue report their results this week.
Network Aviation will cancel about 35 flights carrying workers to WA’s north on Thursday as pilots strike after 18 months of negotiation for improved pay and conditions.
The wealth of the three richest Australians,Gina Rinehart,Andrew Forrest and Harry Triguboff,has more than doubled since 2020,at a rate of $1.5 million an hour.
Mining billionaire Andrew Forrest has escalated his war against oil and gas producers,and Woodside in particular,taking to a helicopter off the remote WA coast to lambast its $18 billion Scarborough gas export project as a “carbon dioxide bomb”.
Normally,the saying is you need money to make money,but in WA it seems you need ore to make more – and keep a close watch on China,costs and the energy transition.
A workplace safety watchdog has ended its prosecution of Fortescue Metals Group for failing to supply documents relating to alleged sexual harassment at mine sites.
Billionaire Andrew Forrest has given oil and gas giant Woodside a serve,describing it and other fossil fuel producers as deceptive.
Iron ore billionaire Andrew “Twiggy” Forrest has ramped up his climate evangelism,barnstorming the world’s top universities with a lecture on the risk of lethal heat.