News Articles for Andrew Forrest

ANALYSIS: Andrew Forrest and Gina Rinehart, who are leading the herd into cattle farming, face a tough market for meat exports.

Fortescue Metals Group has started the search for a new chief financial officer after Stephen Pearce handed in his resignation to pursue an international role, on the same day the iron ore giant announced the appointment of a new director of operations.

Andrew and Nicola Forrest's company Forrest & Forrest has lodged an appeal against the Supreme Court's decision to allow Tony Sage-led Cauldron Energy to explore for uranium at Minderoo Station.

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

Andrew Forrest has lost his battle to stop Yarri Mining from being granted mining tenements on land near the mining magnate's Minderoo cattle station in the Pilbara.

EY has named 13 West Australian finalists in its annual Entrepreneur of the Year awards while also announcing Adrian Fini as its latest Champion of Entrepreneurship.

Stephen Pearce has been appointed to the board of Fortescue Metals Group, but will retain his current role as chief financial officer of the iron ore giant.

In the first of a series of interviews with top WA business leaders, Business News met with inaugural 40under40 First Amongst Equals winner and Macquarie Group chairman (WA) Mark Barnaba. Far from the boardroom, in the relaxed setting of Julio's restaurant in West Perth, Mr Barnaba spoke of his education, mentors, leadership style, culture, diversity, and social media.

ANALYSIS: WA's resources-focused business community is eagerly awaiting the next round of figures for iron ore production costs.

There were 23 Western Australians featured in this year's BRW Rich 200 List, with two new entrants and two others failing to make the cut.

SPECIAL REPORT: Wealthy Western Australians have made some eye-popping philanthropic pledges over the years but none as large as one of Gina Rinehart's recent moves.

A new global ranking says Sydney is the top city in Australasia for the ultra-wealthy, but despite being home to Australia's richest woman, Perth failed to rate a mention.

Fortescue Metals Group's development director has resigned to take up an international full-time role with the Mormon church.

SPECIAL REPORT: There has been a major shift in business influence in WA amid waning international investment and, with two elections on the way, there is a prospect of even bigger changes in political influence. Click through to see our listing of WA's most infliential leaders in politics and business.

The consumer watchdog has sought further information from miner Fortescue Metals Group on its proposed tie-up with Brazilian iron ore giant Vale.

One industry to benefit from reduced mining activity is agriculture, particularly sheep meat production.

The best leaders encourage us all to step up to the plate, empowering us to achieving better outcomes.

After five consecutive years at the top of Forbes Australia's rich list, mining magnate Gina Rinehart is no longer Australia's wealthiest person.

South Australian Senator Nick Xenophon has renewed his call for an inquiry into the cause of the dramatic recent fall in the iron ore price while in Perth today, as shares in the state's biggest miners continued to fall.

Andrew Forrest has finalised the purchase of a $16 million oceanfront house in Cottesloe from an elderly man who has apologised for implying the billionaire pressured him into the sale.

Andrew Forrest wants Australia's looming free trade agreement with India to include a commitment to tackling modern slavery within the world's seventh largest economy.

The first shipment of iron ore from Gina Rinehart's $10 billion Roy Hill project has been delayed because of commissioning and safety issues.

Families that retain multi-generational wealth have a role in any economy as valuable as emerging entrepreneurs.

'Tis the season to be gloomy, that much we know from following financial markets; but an early nominee for the Dr Gloomy prize of the season goes to former ANZ Bank chief economist, Saul Eslake, who said earlier this week that the China-driven mining boom was “the last in human history”.

Fortescue Metals Group chairman Andrew Forrest has strongly criticised the strategies of the state's other major iron ore miners at the company's annual general meeting today, although the board experienced a close shave on its remuneration report.

Fortescue Metals Group is home to two of Western Australia's wealthiest company directors, or so it was believed until a surprise disclosure last month.

SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.

Wealth creation is a critical element of any stable society.

Two years after joining Andrew and Nicola Forrest's Minderoo Group as chief operating officer, Grant Vernon has moved onto a new challenge at fast-growing cooking appliance company Thermomix.

The major shareholder in Octagonal Resources is planning to privatise the company after concluding there is no value in its ASX listing, and has proposed a capital reduction that ties in Andrew Forrest-backed A1 Consolidated Gold.

Local exploration firms Impact Minerals, Lucapa Diamond Company, and General Mining Corporation have taken in a combined $8.4 million from successful capital raisings.

The commodity price crash is drawing in some big-name, high-cost producers.

Could the contrasting fortunes of Atlas and Elders signal the start of a rural revival?

Architects have a saying about ‘less being more'. The mining industry has flipped that around with ‘more being less', as shown in this week's production reports and share prices of Fortescue Metals and BHP Billiton.

Andrew Forrest's private vehicle, Minderoo Group, has announced plans to invest up to $7.3 million in local miner Impact Minerals.

There is no prize for guessing that iron ore companies have plunged to the bottom of the resources component of this year's TSR survey; but what is interesting is the rise of uranium hopefuls, despite few signs of an imminent increase in the uranium price.

To best understand what's gone wrong with Western Australia's iron ore industry you need to start by looking back 12 years, to 2003, when an ambitious Andrew Forrest created Fortescue Metals Group.

Australia's largest ever philanthropic donation is bearing fruit, with the first five recipients of the Forrest Foundation research scholarships announced at the University of Western Australia today.

New South Wales has overtaken Western Australia as the favoured destination for Chinese direct investment in Australia, as the near decade-long resources and energy sector boom tails away.

A federal government move to set itself targets for indigenous procurement has met with a disappointed response from established contractors, with one critic labelling it as ‘smoke and mirrors'.