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The Latest Breaking News from Fortescue

ASX 200 Slides 0.57% as Geopolitical Jitters and Profit Warnings Weigh on Australian Shares

The S&P/ASX 200 index closed lower Thursday, shedding more than 50 points as renewed uncertainty over the Strait of Hormuz, a sharp drop in a major healthcare stock and broad sector rotation left investors cautious despite some resilience in energy and gold-related names.

International Business Times

Miner's green push to help skip fuel woes rocking firms

As Fortescue Metals ramps up its heavy industry green grid, a report shows more than 80 per cent of businesses are straining under the global fuel crisis.

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

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'Look at the divvy': iron ore miner's bumper payout

Iron ore miner Fortescue has raised its interim profit and will pay out 65 per cent of earnings to shareholders, as it continues to decarbonise its business.

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

'Watch this space': Fortescue bullish on climate target

Battery-powered trains are part of Fortescue's plan to eliminate fossil fuels from its Pilbara iron ore operations as it aims to beat a decarbonisation target.

AAP

Fortescue breaks iron ore output record, but costs drag

One of Australia's biggest miners has broken a production record, but operating costs and one project's underperformance has underwhelmed investors.

AAP

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Mining giant ends bitter legal fight with former staff

A high-profile stoush between Andrew Forrest's Fortescue and former employees has come to an end after the miner accused them of intellectual property theft.

AAP

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

Top four iron ore miner happy with early-year shipments

Fortescue has had a strong start to the financial year after shipping almost 50 million tonnes of iron ore in the first quarter.

AAP

Young Australians buy shares as property dream fades

Australia's wealth landscape is changing, and younger Australians are increasingly looking to markets to secure their financial future.

AAP

Aussie shares trade flat amid BHP ore shipping worries

Australia's materials sector weighed on the bourse on reports of a trade stoush between China's iron ore buyer and BHP, while gold surged to a fresh record.

AAP

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.

International Business Times

Ley, Waters and Pocock condemn government’s emissions call – as it happened

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The Guardian - AU

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AAP

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.

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.

AAP

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.

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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.

The Guardian - UK

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

AAP

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.

The Conversation

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.

AAP

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.

Evening Standard

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.

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