ASX Announcements
Yesterday
- Opinion
- Chanticleer
The good, bad and ugly of business in 2023
Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.
- Updated
- James Thomson
This Month
Blowouts hit taxpayer-backed rare earths refinery
Taxpayers may have to lend more than the $1.25b already pledged towards the WA refinery that aims to break China’s stranglehold on the supply of rare earths
- Peter Ker
- Opinion
- Chanticleer
We’re still the iron ore lucky country. It won’t last forever
A surging iron ore price is driving Australia’s post-pandemic budget repair, the mid-year update shows. But the lucky country’s resources luck shouldn’t be taken as a given.
- Updated
- James Thomson
Woodside hits back at Forrest over attack on CEO
Federal resources minister Madeleine King and Woodside have blasted mining billionaire and green energy advocate Andrew Forrest over an attack on Meg O’Neill.
- Brad Thompson
- Opinion
- BOSS
Drumstick Awards: Five biggest corporate stuff-ups of 2023
It’s been a golden year for corporate scandals. But one company has outshone the rest, taking home the inaugural Triple Drumstick.
- James Thomson
Fortescue holds on to Gabon dream as Rio Tinto plays Pilbara long game
Fortescue has sent its first shipment of African iron ore to Asia, while Rio vows to spend half a decade proving up Australia’s next big mine.
- Peter Ker
Forrest family leads Rich List plunge on packaging disrupter
Andrew and Nicola Forrest have led a star-studded fundraising for the start-up that hopes to replace polystyrene with a more sustainable insulation material.
- Peter Ker
Forrest’s green ship makes a splash in Dubai
Fortescue’s prototype ammonia-powered vessel sailed from Singapore to Dubai, just to make a point: red tape is holding back green shipping.
- Hans van Leeuwen
- Exclusive
- Carbon challenge
‘Get off the stage’: Forrest spoils for a fight at COP28
The most trenchant voice at the climate summit in Dubai has an Australian twang. But unlike the ranters and chanters, he rubs shoulders with royalty.
- Hans van Leeuwen
November
Liontown boss says he’s in the dark about Rinehart strategy
Liontown Resources chief executive Tony Ottaviano says his door is open for chat with Gina Rinehart’s Hancock Prospecting about the Kathleen Valley lithium project.
- Brad Thompson
China’s property stimulus creates iron ore price conundrum
Beijing is taking the most decisive steps yet to ease the impact of a devastating real estate crunch, but it’s also grappling with the price of iron ore.
- Bloomberg News
Fortescue pulls trigger on $1.1b in green energy projects
The company, dealt a first strike, will proceed with its first three projects as part of ambitious plans to become a major force in hydrogen and renewable energy.
- Updated
- Brad Thompson
- Opinion
- Chanticleer
Fortescue’s true believers back green energy push
Andrew Forrest was preaching to the converted at his AGM. But investors who’ve won big on his iron ore success appear right behind his environmental push.
- James Thomson
Fortescue in billionaire bust-up with US tycoon Paul Tudor Jones
The company is accused of unethical and immoral conduct by one of the world’s richest men, after he was dumped as a co-investor in its clean energy projects.
- Peter Ker and Brad Thompson
- Opinion
- Chanticleer
The lesson in fall of short seller who took on Fortescue, Macquarie
News that famed short seller Jim Chanos is shutting his hedge funds might raise a smile at Fortescue and Macquarie. But there’s a lesson all investors shouldn’t miss.
- James Thomson
Forrest to spend $54m on new ‘green’ factory in Michigan
The billionaire is cashing in on the benefits of Joe Biden’s $550 billion Inflation Reduction Act, and more projects are to follow.
- Elouise Fowler
- Opinion
- Chanticleer
Why Fortescue wants to be like Brookfield
Fortescue is taking on the Wall Street types it has always delighted in overcoming. Meet Fortescue Capital.
- Anthony Macdonald
Andrew Forrest charges into asset management with Fortescue Capital
The iron ore magnate has hired a New York private equity operator to focus on raising outside capital for projects related to the energy transition.
- Aaron Weinman
Fortescue makes green land grab on area twice the size of Singapore
The mining giant has applied for scores of tenements after terminating plans for a multibillion-dollar wind and solar farm hub near its Pilbara operations.
- Brad Thompson
One sector pays more tax than all the rest combined
Resources companies including BHP, Rio Tinto and Fortescue helped raise the federal government corporate tax take by 22 per cent last year.
- Tom McIlroy
