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The Latest Breaking News from Fortescue

WA’s Yindjibarndi traditional owners consider appeal against Fortescue’s $150m record native title payout

Yindjibarndi Ngurra Aboriginal Corporation label federal court ruling against mining giant’s Solomon Hub iron ore operation ‘unsatisfactory’

The Guardian - AU

Mining giant to pay record £80m to Indigenous Australians

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The Independent UK

Indigenous Australians win record payout after billionaire mined their land without consent

The ruling is the largest payout ever awarded under Australia's native title laws

The Independent UK

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Fortescue ordered to pay Yindjibarndi traditional owners $150m in record native title payout

Federal court found miner’s Solomon Hub iron ore mine caused cultural and social harm, including the destruction of 140 heritage sites

The Guardian - AU

Indigenous group claims landmark win over mining giant

An Aboriginal community has been awarded $150 million in compensation from one of the nation's richest mining companies, although it's far less than it wanted.

AAP

'A joke': Fortescue founder takes on diesel tax credit

A campaign to wind back the diesel tax credit for big mining giants has been given fresh legs by Andrew Forrest, chair and founder of iron ore giant Fortescue.

AAP

Labor will back fossil fuels in the budget but the gas tax campaign isn’t dead yet

The Guardian - AU

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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

'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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AAP

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.

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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.

International Business Times

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.

The Guardian - AU

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

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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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