Andrew Forrest News

13.04 / 05:13

Platform Software Forrester Photos Department prevention Features Australian Australian prosecutors drop billionaire Andrew Forrest's case against Meta

Meta over what he said were thousands of scam cryptocurrency advertisements on Facebook that feature his face. The decision is a setback for Forrest, the 37% owner of iron ore producer Fortescue Metals Group and Australia's second-richest person, in his quest to hold the internet giant accountable for the ads. A separate civil lawsuit he has filed against Meta over the ads in California is ongoing.

21.08 / 16:45

Citi SUN economy Forrester Election World's 'largest solar precinct' approved by Australian government

An ambitious plan to build a massive solar farm in remote northern Australia to transmit energy by a submarine cable to Singapore is a step closer after the Australian government granted environmental approvals for the $19 billion project on Wednesday

12.08 / 16:28

COST Platform Forrester track Features Courts Profiles The billionaire suing Facebook to remove his face from AI scams

Every day, around the clock, a small group of cybersecurity professionals scours Facebook, looking for the face of their boss, an Australian billionaire who is determined to take the social-media giant to court. Like American financiers such as Bill Ackman, Andrew Forrest says he has spent years trying to get Facebook-parent Meta Platforms to do more to stop scam advertisements that use his likeness to promote fraudulent investment schemes. Yet unlike other Meta adversaries, the mining executive has pledged to spend vast sums on his legal campaign.

19.06 / 17:43

Meta Billionaire Andrew Forrest’s Crypto Ad Scam Lawsuit Against Meta Will Go Ahead, Judge Rules

Australian mining billionaire Andrew Forrest’s lawsuit against Meta for hosting several crypto ad scams bearing his likeness has been given the green light after the tech conglomerate failed to have it dismissed, U.S. District Court Judge Casey Pitts ruled on Monday.

18.06 / 08:29

Citi Provident Forrester Research Trade President Relationships Australian Chinese premier focuses on critical minerals and clean energy on final day of Australian visit

Chinese Premier Li Qiang has ending his Australian tour in the west coast city of Perth where he focused on China’s investment in critical minerals, clean energy and busines links

21.11 / 03:33

Man Progressive Forrester Forbes Bill President Fortescue in billionaire bust-up with US tycoon Paul Tudor Jones

A plan for US billionaire Paul Tudor Jones to invest in Fortescue’s clean energy projects has turned sour, with the Wall Street icon’s private office accusing the Australian company of breaching contracts and behaving in an “unethical, immoral and unscrupulous” way.

21.11 / 03:33

Provident Target Progressive Waters Manufacturing Forrester stage Fortescue pulls trigger on $1.14b in green energy projects

Fortescue will proceed with its first three projects under the iron ore group’s ambitious plans to become a major force in hydrogen and renewable energy, giving a green light to $US750 million ($1.14 billion) in investments.

17.11 / 06:43

Target Cooper Extreme Manufacturing Strategy Forrester President Forrest to spend $54m on new ‘green’ factory in Michigan

Mining and clean-energy billionaire Andrew Forrest has pledged to plough $US35 million ($54 million) into a new battery manufacturing plant in the United States, as Fortescue Metals aims to cash in on the benefits of President Joe Biden’s $US369 billion ($550 billion) Inflation Reduction Act.

16.11 / 06:53

Strategy Forrester show rock gay reports AACo maintains workplace is ‘respectful’ amid bully claims

Beef giant AACo, rocked by internal safety reports claiming some staff showed an “alpha” bullying culture and made homophobic slurs, has maintained it runs a “respectful workplace”.

16.11 / 05:57

JPMorgan Strategy economy Forrester BlackRock Andrew Forrest charges into asset management with Fortescue Capital

Andrew Forrest’s Fortescue says it is expanding into asset management, part of the iron ore and energy group’s strategy to fund green investments.

12.11 / 03:53

Target Landmark Forrester Solomonic cover exclusive shock Grab Fortescue makes green land grab over plots twice the size of Singapore

Fortescue has put its foot on 150,000 hectares of land near its iron ore mines – to be used for renewable energy projects – just days after quietly scrapping plans for a multi-billion dollar wind and solar farm hub that had been central to its decarbonisation plans.

07.11 / 05:57

Provident Action Forrester Bill cover information 2020 AACo’s golden director insurance cover unveiled

AACo was spending $3 million annually insuring its top brass against claims about their own actions, the most expensive item on an insurance shopping list for the cattle giant, according to leaked documents.

05.11 / 00:57

Target Merit Strategy cover stars Fortescue dumps vast WA wind, solar farm project

Fortescue has quietly scrapped plans for a multi-billion dollar wind and solar farm that was a centrepiece in its plan to decarbonise the company’s iron ore operations in Western Australia.

02.11 / 02:29

Strategy Forrester awards BlackRock performer reports Department Fortescue faces shareholder revolt over ‘special’ exec payments

Fortescue’s shareholders should vote against the company’s remuneration arrangements because millions of dollars of bonuses have been paid to retiring executives with little benefit to the mining and energy giant’s investors, two influential proxy advisory firms have told their clients.

02.11 / 02:29

Digital NIC Forrester PayDay track travelers Andrew Forrest, Camilla and the $24m payday

Fresh from a capital injection from the billionaire Forrest family, Australian fashion designer Camilla Franks has taken a $20 million-plus payday from her eponymous resort-wear brand.

22.10 / 10:53

Target Williams Manufacturing Racing Forrester Bill Rio, BHP and Fortescue at electrification crossroads

Fortescue Metals principal of build and test Gavin Selth says that in motorsport, everyone talks about making it on to the grid.

22.10 / 03:17

COST UPS Strategy Forrester ATCO and BOC Linde win $593m SA hydrogen job, Forrest misses out

Global giants ATCO and BOC Linde were named preferred contractors to build a $593 million hydrogen plant and storage facility near Whyalla in South Australia, just 6km from billionaire Sanjeev Gupta’s Whyalla steelworks.

20.10 / 10:07

UPS Forrester country rock Rio Tinto in solar farm deal with Forrest foes

The Indigenous leader embroiled in a legal dispute with mining billionaire Andrew Forrest says traditional owner groups with land rights over huge tracts of minerals-rich Western Australia are in the “right place at the right time” to become major players in renewable energy.

17.10 / 08:13

Target Williams Caterpillar Forrester testing shock Fortescue ‘on track’ to achieve 2030 decarbonisation target

New Fortescue board member Larry Marshall says he is convinced the company will achieve the goal of decarbonising its mining operations by 2030 as it seeks to become a major supplier of prototype technology and machinery beyond the resources sector.

13.10 / 03:37

UPS PwC Forrester awards gossips reports AFR journalists are finalists for three Walkley awards

Financial Review journalists are finalists in the 68th Walkley awards for excellence in journalism for their coverage of PwC and Fortescue, two of the biggest business news stories of the year.

12.10 / 20:55

UPS Racing Forrester innovations testing Andrew Forrest, motorsports mogul, revs up his British business

Oxford | Fortescue boss Andrew Forrest’s evangelical green mission has taken him in some unlikely directions. But possibly none has been more unexpected than his emergence as a mogul of global motorsports.

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