News Articles for Fortescue

Former Northern Territory chief minister Michael Gunner is the latest high-profile executive to depart Andrew Forrest's business empire, walking away from his role at Fortescue Energy.

Fortescue's energy division chief financial officer Deborah Caudle is set to depart the empire, following a corporate restructure at the Andrew Forrest-led company.

Software provider K2fly says cost management remains its major focus as the company's latest financial report today revealed a remarkable 14th consecutive quarter of annual recurring revenue growth. The ARR was at $8 million in the past quarter, up 16 per cent compared to the previous corresponding period (PCP) and revenue was at $3.4million, up 21 per cent from the PCP.

Nicola Forrest has signed up two experienced Minderoo executives as co-directors of a new foundation but says she remains committed to her philanthropic endeavours with ex-partner Andrew Forrest.

There's work to be done to ensure open books around certain industries' contribution to the communities in which they operate.

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.

Our weekly appointments wrap includes Di Bain, Rebecca Gravestock, Fiona Notley, Andrew Van Der Merwe, Kim Beazley, Felicity Gooding, Robert Ierace and Simon Theobald.

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 has launched an internal investigation over a derailment at its Western Australian operations over the weekend.

Fortescue has pushed back its final investment decision for its proposed green hydrogen and ammonia project in Brisbane, saying it has “more work to do”.

BHP is notably absent from the race to develop lithium projects and only time will tell if it has made the right call.

The list of renewable hydrogen projects eligible for a share of $2 billion worth of Commonwealth funding has been whittled down to six, with two Western Australian projects making the cut.

WA's energy investment push comes while debate continues over the opportunities and threats posed by the US Inflation Reduction Act.

Fortescue will spend $1.4 million under an enforceable undertaking reached with WorkSafe to address inappropriate workplace behaviours in the mining industry.

Battery-electric trains remain some way off for Western Australia's largest grain handler as fellow heavy rail users in the mining industry press ahead with the technology to decarbonise their operations.

Heavy rail users need to standardise parts if they want railcar manufacturing in WA to become cost-competitive with Chinese imports, according to the nation's peak railway lobby group.

Our board moves wrap includes Usha Rao-Monari, Michael Gumbley, and Simon Brealey.

Well-known names feature among this year's list of WA's top earners, though not all are in the roles they've become known for.

Fortescue is on the cusp of marking a major milestone of exporting its first iron ore from a port outside of its home soil at its Belinga project in Africa.

Fortescue's former chief financial officer Ian Wells has joined the ranks of Liontown Resources as an independent non-executive director.

Our board moves wrap includes Daniel Crennan, Mark Hine, Joel Skipworth, Phil McKeiver, Gemma Tually, Peter Christie, Terry Streeter, Alexander Molyneux, Jonathan Shellabear, Anthony Cina, Colin Russell, Chris Hansen, Andrea Betti, Jason Bahnsen, Sarah Zeljko, and Patrick Burke.

Fortescue Future Industries' South and Southeast Asia president Allard Nooy has joined the migration of senior staffers departing the company in recent months.

In this podcast: Mark Beyer and Mark Pownall discuss FMG; Austal; IR reforms; office occupancy; Burswood Park; apartment dramas; Scyne Advisory; CEO salaries and WA's biggest employers.

Software provider K2fly has initiated a sweeping strategic review of its operations in a swift boardroom move designed to maximise the full potential of its innovative resource governance software solutions. After posting 13 quarters of increasing revenue on the trot, K2Fly has vowed not to sit on those laurels and has appointed Argonaut PCF and Atrico as joint advisors to steer its review.

The federal government says it will support small and medium businesses to strengthen their cyber security as part of a new national strategy.

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.

WA's opportunity to capitalise on the United States' massive Inflation Reduction Act will hinge largely on its ability to keep pace with demand, according to BHP's iron ore boss.

Fortescue Metals Group deputy chairman Mark Barnaba has opened up about his time with the Reserve Bank, sacking Ben Cousins, and working with Alan Bond and Andrew Forrest.

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 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 has staked out an area larger than Brisbane near its Pilbara iron ore operations for a potential green energy hub, days after terminating an application for another site.

In this podcast: Mark Beyer and Mark Pownall discuss accounting action; WeWork; Qantas; exporters; hydrogen; coal; biofuels, and skills shortages.

Traditional owners are rallying against an iron ore minnow planning to develop a mine on the edge of Karijini National Park in WA's mining heartland.

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.

Government-owned electricity network utility Western Power has expanded its board of directors by two, as it navigates the state's energy transition.

K2fly has grown its annual recurring revenue (ARR) for a 13th straight quarter, revealing a 6 per cent jump up to $7.9 million in the company's latest financial disclosure … and it says there is still room to expand. Management says ARR was up 22 per cent on last year's corresponding quarter, while comparative revenue increased by 29 per cent.

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 Metals' troubled Iron Bridge magnetite operation will produce fewer tonnes than previously expected for the year, but the miner has stuck to its guns on hitting targets regardless.

Rio Tinto and Yindjibarndi Energy Corporation are aiming to approve their first solar farm next year as the first step in building multiple projects in the Pilbara.

In this podcast, Mark Pownall and Simone Grogan discuss the update on Liontown; FMG's green hydrogen targets; quarterly reports; A&O merger; planning reforms and road taxes for electric vehicles.