News Articles for Andrew Forrest

The state government has awarded $10.2 million worth of grants to 18 agribusinesses, including Tattarang's Harvest Road Oceans.

Andrew Forrest has asserted that his mining company will do more to tackle climate change than electric car maker Tesla and revealed plans to start building Australia's first ‘green' steel plant this year.

Fortescue Metals Group has achieved an extraordinary jump in net profit to $US940 million in the month of December, highlighting the impact of sky-high iron ore prices.

Andrew Forrest's Tattarang has struck its third Canadian deal, this time to develop a nickel project in Quebec under a $25.4 million agreement with Orford Mining Corporation.

While Perth's CBD hotels are struggling, many accommodation providers around WA are faring well, if they can find enough staff.

Perth-based Castillo Copper is considering divestment opportunities for a “sizeable” asset in NSW, including a potential spin-out into a new listed entity.

Andrew and Nicola Forrest's Minderoo Foundation spent $88 million on philanthropic causes in 2020, giving $19.7 million to its Flourishing Oceans initiative.

After spending the past four months travelling the world on the old Fortescue Metals Group private jet, Andrew 'Twiggy' Forrest is now looking forward to the arrival of a brand new US$73 million aircraft.

New Zealand rugby administrator Tony Lewis will return to WA after being appointed chief executive of the Western Force, replacing outgoing CEO Mark Evans.

The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

Fortescue Metals Group has officially opened its Eliwana iron ore mine in the Pilbara, in the same week the commodity's price reached a new high of $US146 per tonne.

Decision time is looming as iron ore majors seek to lift export capacity.

Gary Dempsey Developments has lodged plans for a nine-storey apartment project along Cottesloe's popular Marine Parade strip.

Andrew Forrest's Tattarang is set to invest more than $15 million in Toronto-listed Noront Resources.

Andrew Forrest is $2.7 billion richer after the iron ore price rose to a seven-year high, while Chris Ellison's stake in Mineral Resources has grown by $53.4 million.

Global engineering firm Sandvik Mining and Rock Technology has signed a long-term lease for a purpose-built workshop at Roe Highway Logistics Park in Kenwick.

Fortescue Metals Group says it had no choice but to withhold royalties to a Pilbara Indigenous group after traditional owners declined to sign land access deeds.

Fortescue Metals Group chairman Andrew Forrest has outlined an ambitious plan under which renewable energy will rank alongside the company's core mining business.

Andrew Forrest's commercial property arm has purchased 190 St Georges Terrace, a 12-storey office building, for an undisclosed sum.

Andrew Forrest's Harvest Road has appointed former Mrs Mac's pies boss Paul Slaughter to lead the agribusiness group as it plans for expansion.

Cashless debit cards for welfare recipients are not worth the human cost, senators have been told.

Mining magnate Gina Rinehart has become Australia's richest person after her net worth jumped 109 per cent to nearly $29 billion.

With property groups increasingly understanding the potential of heritage assets, Business News explores some of the state's prominent heritage redevelopments and those in the pipeline.

Two years after returning to Perth from New York, Ross Love has emerged as an influential figure in the state government.

Andrew and Nicola Forrest have added to their sprawling private business empire by purchasing boot manufacturer and retailer R.M. Williams for a reported $190 million.

Mining magnate Andrew Forrest's hospitality and entertainment company, Z1Z, will open its first venue at the Old Swan Brewery site in early November.

Former Fortescue Metals Group director Kenneth C Ambrecht, who has been at the helm of several prominent American finance firms, has passed away.

Andrew Forrest-backed Mincor Resources has approved the development of its nickel operations in Western Australia's Kambalda region, identifying first production from December next year.

Fortescue Metals Group and the Papua New Guinea government will undertake feasibility work for hydropower projects, with electricity exports and steel making potential uses.

Fortescue Metals Group has substantially increased its final dividend after posting a record annual profit, with company founder and chairman Andrew Forrest getting nearly $2 billion in dividends.

Using seaweed products to replace plastic is just one of many Western Australian ideas under exploration to improve ocean health.

Fortescue Metals Group has become Western Australia's most valuable company after strong production data released today supported its remarkable two-year share price rally.

More than 10 years in the making, Fremantle's $1 billion pipeline of property developments is starting to take shape.

Andrew and Nicola Forrest-backed Tattarang will pay $30 million to acquire two major pastoral stations in the Kimberley, increasing its already extensive Harvest Road investments.

Andrew and Nicola Forrest-backed investment group Tattarang has reportedly acquired a 50 per cent stake in Sydney-based fintech Azupay for more than $4 million.

The Western Force has accepted an offer from Rugby Australia to participate in a proposed one-off domestic competition this year.

Andrew and Nicola Forrest have rebranded their private company as Tattarang, with the change of name coming soon after several board and executive changes.

Going against the grain is nothing new for iron ore magnate Andrew Forrest.

Fraser's Restaurant Group has announced it won't be reopening The Old Brewery on Mounts Bay Road once COVID-19 social distancing restrictions are relaxed, surrendering its tenancy to head lease owners Minderoo Group.

Giving increased last financial year, but the economic fallout from COVID-19 will affect the potential for generosity into the future.