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The Latest Breaking News from Andrew Forrest

Andrew Forrest's Fortescue flags major asset writedown

Fortescue will write off $746 million from the value of its Iron Bridge magnetite mine in the Pilbara after reviewing scenarios for the troubled operation.

AAP

Mining CEO worth $24 billion nearly drowned and had to break his own leg in freak hiking accident—he used the recovery time to go back to school

"I realized that a) I was on my own, b) I was drowning, and c) I'd been there for a little while because there were no ripples in the water," Forrest recalled.

Fortune

Fortescue class action: female workers claim sexual harassment at remote mine sites

One woman says she found man in her room at WA fly-in, fly-out accommodation while another states she was ‘howled’ at, federal court told

The Guardian - AU

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Mining giant hit with sexual harassment class action

Fortescue has been hit with a class action law suit that accuses it of facilitating a shocking culture at its remote worksites where women paid the price.

AAP

Fuel costs to creep up as states back excise return

Drivers will pay 16 cents a litre more for petrol and diesel from July as battles over taxes on fuel open up on multiple fronts.

AAP

'Dark fleets' brought to light by world-first ocean map

For the price of a working internet connection, conservationists and the maritime-curious will get an almost real-time look at global fishing activities.

AAP

Indigenous Australians win record payout after billionaire mined their land without consent

The ruling is the largest payout ever awarded under Australia's native title laws

The Independent UK

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Kid's cancer centre zeroes in on 'terrible disease'

Australia is opening its first centre focused solely on transforming the experiences and outcomes for children and young people with cancer.

AAP

'A joke': Fortescue founder takes on diesel tax credit

A campaign to wind back the diesel tax credit for big mining giants has been given fresh legs by Andrew Forrest, chair and founder of iron ore giant Fortescue.

AAP

Fortescue founder losing sleep over AI nightmares

Andrew Forrest has told a business summit that he's awed by artificial intelligence but also considers the technology incredibly dangerous.

AAP

Australia’s most costly anti-climate policy hits taxpayers for $30m a day as calls mount to wind back fuel tax credits

The government will hand over $10.8bn this financial year under the scheme that makes it cheaper for miners and other industries to use diesel and petrol

The Guardian - AU

Every Australian Name We Know About In The Jeffrey Epstein Files So Far

A running list of every Australian figure named so far in the Jeffrey Epstein files and what the documents actually say.

Pedestrian.tv

UN shipping regulator advocates for industry emissions fee at COP30, despite Trump pushback

The head of the International Maritime Organization said Monday he’s continuing to “advocate and campaign” for global regulations to move the shipping industry away from fossil fuels, after the United States and Saudi Arabia blocked new rules last month

The Independent UK

Mining boss skewers Trump over moves against renewables

Renewable energy is taking over from oil, coal and gas, an Australian mining magnate has told shareholders, and efforts to hold back the trend are misguided.

AAP

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International Business Times

An Aussie Tycoon Bets Billions On Cleaning Up Iron Ore Giant

Moored off a Manhattan pier for New York's annual Climate Week is one of the world's first ammonia-powered vessels -- a green flagship for an Australian tycoon's drive to decarbonize his mining empire.

The Independent UK

World, business leaders hope to keep momentum in fight against climate change despite US

Hundreds of world and business leaders are gathering to keep the fight against climate change alive

AAP

'Unprecedented threats': UN protections for aid workers

Aid workers on the frontline of conflict will be afforded fresh protections following a declaration by Australia at the United Nations.

The Conversation

Rapid climate action will come at a cost, according to the Business Council. But experts say the benefits are far larger

This month, the Australian government will release its emissions-reduction target for 2035, likely to be between 65% and 75%. A 70% cut would mean reducing Australia’s emissions from about 440 million tonnes of carbon dioxide equivalent down to 132 million tonnes.

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The Guardian - AU

Mining magnate Andrew Forrest’s Minderoo charity makes undisclosed donation to the Australia Institute

Exclusive: The progressive thinktank, which has championed a ‘real zero’ emissions policy, says it protects privacy of donors to avoid them being targeted

AAP

Australia risks losing green iron race after head start

Australia may be left stranded on the blocks in the race to lead the globe in green iron projects, with its main rivals coming from some unexpected nations.

The Guardian - AU

Arsenic in the damper, campers driven off a cliff: the murky historical links of AACo, Australia’s largest beef producer

Jesse Gregson led massacres of Aboriginal people before joining the Australian Agricultural Company as its longest-serving superintendent

AAP

Superpower potential: advocates urge uranium rule redo

The coalition's election loss has not dimmed the enthusiasm for nuclear energy among attendees at a major mining conference, and support for net zero is scarce.

AAP

'Lifeline' for coral at risk of rising sea temperatures

Australian researchers have discovered coral bred from reefs in warmer oceans are more able to survive in extreme heat stress.

AAP

NRL to consider Perth Bears-Western Force player swap

Incoming NRL outfit Perth Bears and rugby union side Western Force could enter into a radical player-share agreement suggested by billionaire Andrew Forrest.

AAP

'Underwater bushfire' devastating reefs yet to let up

Some corals have been found to skip bleaching to go to instantaneous mortality after being hit with particularly extreme heat stress.

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