Mark Hutchinson

Fortescue has announced a raft of changes at the top end of the business, including Andrew Forrest stepping in as interim iron ore boss.

Fortescue Metals Group has delivered record iron ore shipments of 189 million tonnes for the financial year, the last with outgoing chief executive Elizabeth Gaines at the helm.

Andrew Forrest has lauded outgoing iron ore boss Elizabeth Gaines as one of Australia’s most inspiring leaders as the miner prepares to navigate new challenges and pick up the pace on renewables.

Plans to convert a Queensland ammonia plant to run on green hydrogen will enter front end engineering and design, proponents Fortescue Future Industries and Incitec Pivot announced today.

Fortescue Metals Group has poached one of Woodside Energy’s top executives, Fiona Hick, as the new chief executive of its mining business.

Fortescue Future Industries has received its first large vehicle battery system as the Forrest-backed outfit seeks to replace its conventional haul truck fleet with electric and hydrogen alternatives.

Andrew Forrest says the ebbs and flows of headcount across Fortescue Metals Group is just business as usual and has firmly denied there are any "wanton" job cuts to come.

Federal Communications Minister Michelle Rowland has been drawn into the public spat between Perth billionaires Andrew Forrest and Kerry Stokes.

More than 100 employees within Fortescue Metals Group are set to be laid off as the group looks to get boots on the ground at a planned mine in Gabon and shift focus to new projects in America.

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In her first update as chief executive, Fortescue Metals boss Fiona Hick has told analysts she sees continued cost and labour pressures ahead, as iron ore shipments soften over the quarter.

Elizabeth Gaines will be paid a $1.2 million salary after taking up a part-time executive director role at Fortescue Metals Group, while Jenn Morris has resigned from the company's board.

Fortescue Metals Group has marked its 20-year anniversary by changing its branding, while its green energy arm has acquired the owner of a proposed green hydrogen project in the US.

Fortescue Future Industries’ finance chief Felicity Gooding has resigned after more than 10 years climbing the ranks of the Forrest business empire.

Fortescue Metals chief executive Fiona Hick leaves Andrew Forrest's iron ore business without explanation following a mutual agreement with the board, six months after she started.

ANALYSIS: This week’s departure of three senior people from Andrew Forrest’s Fortescue Metals Group highlights just how different the Perth company is from its ASX peers.

Fortescue Metals Group has signed a deal to buy 337.5 megawatts of solar energy from listed company Genex Power to power a proposed green hydrogen and ammonia project in Brisbane.

Fortescue Energy chief executive Mark Hutchinson has told leaders from around the world that unreasonable targets are key to encouraging climate innovation in his business.

Fortescue’s proposed multi-billion-dollar renewable energy hub in the Pilbara has been shelved as the miner insists it will meet bold decarbonisation targets by 2030.

Fortescue Metals Group will establish a New York-based capital office, Fortescue Capital, in a move designed to attract broader outside funding to its green energy projects.

Fortescue Metals Group has revealed plans to establish a major manufacturing facility in the US state of Michigan, just a day after it unveiled a New York-based capital business.

Fortescue Metals Group has pressed ‘go’ on two mid-scale hydrogen developments and a small trial project in WA but surprisingly is not proceeding with the Gibson Island project in Queensland.

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Woodside Energy says it is evaluating guidance offered by the US government that could affect the clean energy tax cut eligibility of its proposed H2OK hydrogen project in Oklahoma.

Fortescue Metals Group will need to spend an extra $US100 million to repair a faulty water pipeline at its Iron Bridge project but has otherwise reported strong half-year production results.

Fortescue is set to pay out $3.32 billion in dividends after a substantial lift in its interim profit, with the biggest beneficiaries being Andrew and Nicola Forrest.

Andrew Forrest has used a National Press Club address to hit out at fossil fuels and nuclear energy, while calling on Australian policymakers to “get on with” facilitating a renewable revolution.

Andrew Forrest-backed Fortescue recorded a six per cent drop in iron ore shipments throughout its March 2024 quarter.

Green hydrogen is not economic right now, Gabon iron ore has Chinese steel mills salivating, Oakajee remains a mystery, and South American copper has piqued Fortescue’s interest.

Fortescue boss Dino Otranto has provided a candid assessment regarding market conditions and the company’s recent decision to cull 700 jobs.

Fortescue will splash more than $4 billion developing and buying 475 electric mining machines from Liebherr to replace two thirds of its fleet

Economic challenges have dominated discussion in a hydrogen sector where driving ideology and market need are yet to align.

Shareholder returns were not always reflected in the scale and growth of public-listed executive pay packets last financial year.