Two companies have laid bare the hurdles that will have to be overcome if WA is to become a renewable energy hub,as a Labor MP aired frustrations with a lack of “meaningful action” on the energy transition.
In tough times for many junior ASX mining companies,luring a “big dog” onto the share register to add financial grunt has become a common boardroom pursuit.
A month after shedding 700 workers,Fortescue has posted an annual profit of $8.4 billion supporting a $2.2 billion payout to the miner’s biggest shareholders Andrew and Nicola Forrest.
Weeks ago Fortescue dumped a target to be a major producer of green hydrogen by 2030,but Andrew Forrest still insists his native Pilbara can supply the globe with green iron.
Court documents reveal a development in the intellectual property case in which Fortescue hired private investigators.
Fortescue’s founder Andrew Forrest last month said he had no knowledge of the extensive spying conducted on ex-staff and their families,including children.
If the steel industry was a country it would be the world’s third-largest emitter of greenhouse gases after the United States and China.
Mining giant says it will lift spending on its green energy division this year despite setbacks tempering its ambitious green hydrogen targets.
Mining executive Andrew Forrest has denied he is abandoning his ambitions for green hydrogen,saying the fuel is imperative for combating climate change.
Fortescue is about to turn 21,and with age seemingly comes wisdom,as the company puts its enormously expensive green hydrogen plans on the backburner.
Mining billionaire Andrew Forrest’s Fortescue will slash 700 jobs,as the company tempers its ambition to be a major producer of the clean fuel hydrogen.