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The Latest Breaking News from Fortescue

Aussie shares pare early losses but finish lower

The Australian market is off to a tentative start, as investors await four major central bank decisions and local employment data in coming days.

AAP

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

The Guardian - AU

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.

AAP

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Iron ore giant's profit falls, green energy vow stays

One of Australia's biggest mining companies says it will continue to pursue green iron and renewable energy projects as iron ore revenues dip.

AAP

Green hydrogen hype fades but future hopes are bright

Two major Australian green hydrogen projects have been abandoned within weeks but experts say it will give investors time to rethink the future of the fuel.

AAP

First Thing: ‘Hungry aid staff fainting’ as starvation spreads in Gaza and truce hopes fade

UN agency says ‘entire humanitarian system is collapsing’ as ceasefire talks fail. Plus, South Park creators ‘terribly sorry’ about naked Donald Trump

The Guardian - UK

Australian shares gain as miners rise, banks fall

The ASX200 has gained 0.1 per cent as losses for the big retail banks were outweighed by gains for mining giants BHP, Rio Tinto and Fortescue.

AAP

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What’s happened to Australia’s green hydrogen dream? Here are 5 reasons the industry has floundered

As the world looks for ways to tackle climate change, Australia has invested heavily in green hydrogen.

The Conversation

Mining sector surges but Australia shares lose ground

The mining sector rose 2.3 per cent in its best day in 11 weeks but overall the ASX dipped, while the Australian dollar climbed to a seven-month high.

AAP

Australian shares hit seven-week high as streak goes on

All but one sector finished higher on the Australian share market that is trading on an almost two-month high after days of gains, as tariff turmoil eases.

AAP

British people ‘will rise to challenge’ of green action – ex-US climate envoy

John Kerry said he was ‘optimistic’ about decarbonisation efforts in the US and wider global climate action despite the US row back.

Evening Standard

King jokes with guests and views exhibitions at sustainability event

Charles spoke to fashion designer Stella McCartney at a Sustainable Markets Initiative event.

Evening Standard

Fortescue and WA government say traditional owners’ $1.8bn compensation claim is worth $8m

Yindjibarndi people allege mining giant did not get permission from native title holders, while company says community ‘disharmony’ is not its fault

The Guardian - AU

Mine giant denies it's to blame for community division

Native title holders are seeking $1.8 billion in compensation from an iron ore miner as a long-running legal dispute over a Pilbara mine draws to an end.

AAP

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AAP

Aussie shares plunge to five-week low on weak earnings

The ASX200 finished down 1.2 per cent on its biggest day of earnings season, with heavy losses for the big four banks, Fortescue and Goodman Group.

AAP

Fortescue profit slumps on weak iron ore prices

China's struggling property sector continues to weigh on big miners, with Fortescue profits down more than 50 per cent.

Al Jazeera

Aboriginal group seeks $1.1bn in damages over Australia mining project

The Yindjibarndi Ngurra Aboriginal Corporation filed the landmark case against Western Australia’s state government.

AAP

Community, Country 'ruptured' over iron ore mine damage

Traditional Owners are seeking $1.8 billion from an iron ore miner over economic loss and cultural damage at a Pilbara mine site.

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AAP

Cultural landscape 'obliterated' at mine, court told

Traditional owners seeking compensation from iron ore miners have been effectively "locked out" of their Country, a court has been told.

The Independent UK

Cyclone Zelia makes landfall in Western Australia as residents told its ‘too late to evacuate’

Rapidly intensifying to the highest Category 5 level, Zelia packed wind speeds of up to 290kmph

AAP

Australian shares close out 2024 with more losses

The ASX200 dropped 0.9 per cent on the final day of trading to finish 2024 up 7.5 per cent - an underperformance compared to its global peers.

AAP

Multi-billion dollar price tag revealed to go nuclear

The federal opposition would make taxpayers fork out the combined equivalent of Facebook founder Mark Zuckerberg's wealth to set up nuclear reactors.

AAP

Aussie shares fall again, hit nearly three-week low

The ASX200 has again finished down and one analyst says if it drops much further, that would trigger a significant pullback.

AAP

Trucks, trains and dozers drive Fortescue's 'real zero'

Iron ore billionaire Andrew "Twiggy" Forrest says he intends to silence the naysayers with profitable patented green technology to save the planet - and mining.

AAP

Miner destroys more than a hundred Aboriginal sites

An Indigenous group suing Fortescue says new evidence shows the iron ore giant destroyed half of the Aboriginal sites on a Pilbara mine.

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