Fact-checked by Grok 2 weeks ago

Andrew Forrest


John Andrew Henry Forrest AO (born 18 November 1961), commonly known as "Twiggy," is an industrialist, philanthropist, and advocate for decarbonization technologies. He founded Fortescue Metals Group (rebranded Fortescue Ltd.) in 2003, transforming it into one of the world's lowest-cost producers by leveraging discarded tenements and innovative low-capital development strategies, with the company shipping over 190 million tonnes annually by the early 2020s. As of October 2025, Forrest's net worth stands at approximately $17.5 billion, ranking him among Australia's wealthiest individuals. Forrest serves as executive chairman of Fortescue, directing its pivot toward green through Fortescue Future Industries, which invests heavily in and aims for net-zero operations by 2030, including acquisitions like Australia's largest wind assets for A$4 billion in 2022. His , channeled primarily through the co-founded Minderoo Foundation with his wife Nicola, targets modern eradication, advancement via initiatives like GenerationOne, and , with Forrest named in 2008 for community-strengthening efforts across 250 causes. Notable controversies include environmental critiques of Fortescue's operations amid his , internal instability at the company, and legal disputes over practices, though Forrest emphasizes action-oriented outcomes over .

Early Life and Education

Family Background and Upbringing

John Andrew Henry Forrest was born on 18 November 1961 in , , to Donald Kay Forrest and Judith Forrest. His father, a pastoralist, managed large stations including the remote in the region, reflecting the family's longstanding involvement in 's rural and resource-based economy. As the youngest of three children, Forrest descended from Sir John Forrest, the first and an early explorer who advanced inland surveying and resource development in the colony. Forrest earned the lifelong nickname "Twiggy" at age nine due to his slender physique. He spent his formative years on , a vast property where his family instilled values of through hands-on involvement in station operations. This rural environment exposed him early to the demands of , including mustering livestock and navigating the harsh landscape, fostering practical skills essential to pastoral enterprises amid fluctuating commodity markets and environmental challenges.

Formal Education and Early Career Influences

Forrest attended the , where he majored in and international , graduating in 1983 with a degree. Following graduation, Forrest pursued a career in , initially working as a and dealer at firms including Kirke Securities, where he joined in 1985 after leaving an earlier role at Benneys. He later moved to Jacksons, another brokerage house, during a period marked by Australia's , which tested the sector's resilience and sharpened his deal-making abilities in resource-related investments. These early roles in stockbroking exposed Forrest to the volatile resources , fostering a approach to opportunities in commodities like , amid rising global demand for production. Prior to launching independent ventures, he drew on familial ties to stations, gaining practical insights into remote operations that complemented his financial training, though he quickly pivoted to self-directed pursuits in .

Business Career

Early Mining Ventures: Anaconda Nickel Failure

Andrew Forrest assumed the role of chief executive officer at Anaconda Nickel Ltd. in 1993, acquiring a significant stake in the junior explorer to advance its holdings in laterite deposits, particularly the Murrin Murrin project located approximately 60 kilometers southeast of Laverton in Australia's Goldfields region. The venture targeted extraction of and from oxide-rich laterite ores using high-pressure acid (HPAL), an innovative but unproven commercial-scale process at the time, distinct from the more conventional ore employed elsewhere. By 1997, the project reached official commissioning with an initial capital investment of around A$900 million, positioning Anaconda as a in Australian laterite processing amid rising global demand for metals precursors. Development funding was secured through equity raises, debt financing from partners including International, and project-specific bonds, though exact IPO details for Anaconda's listing remain tied to its pre-Forrest public status with expansions in the mid-1990s. Operations commenced in late 1997, but production ramp-up faltered due to persistent technical hurdles inherent to ores, such as inconsistent grades, acid consumption inefficiencies, and equipment in the HPAL circuit, leading to below-capacity output and escalated maintenance costs. prices, hovering around US$3-4 per pound during the late 1990s—far below the peaks seen later—exacerbated cash flow strains, as the project's relied on sustained high metal values to offset its high upfront and operating expenses. By 2000, construction disputes with engineering contractor contributed further delays and claims exceeding US$500 million in alleged defects and overruns. The accumulating pressures culminated in Forrest's ouster as CEO in March 2001 amid shareholder unrest and near-insolvency, with Anaconda reporting operational losses and seeking restructuring. Cost overruns and writedowns propelled annual losses to A$919 million by fiscal 2002, reducing the Murrin Murrin asset's to A$400 million despite partial production of around 30,000 tonnes of annually at suboptimal rates. Total project-related losses approached A$1 billion, eroding investor capital and imposing personal financial hardship on Forrest, who had committed substantial and faced reputational fallout from the debacle. The company's survival hinged on negotiations and asset , ultimately leading to Glencore's increased and as Minara Resources by 2003, underscoring the perils of scaling nascent extraction technologies without accounting for laterite-specific metallurgical variances and commodity cycle downturns. This episode empirically demonstrated how in feasibility assessments—overlooking empirical data on HPAL's historical 70-80% limits versus projected highs—interacted with exogenous price volatility to precipitate failure, independent of managerial intent.

Founding and Expansion of Fortescue Metals Group

Andrew Forrest established Fortescue Metals Group (FMG) in 2003, targeting untapped deposits in Western Australia's region to challenge the industry's established . Drawing on experience from previous mining endeavors, Forrest secured initial funding exceeding US$2.5 billion via personal networks and equity offerings, funding exploration and development without reliance on major strategic partners. This capital-intensive approach involved significant entrepreneurial risk in a consolidating sector dominated by and Rio Tinto, where new entrants faced barriers from entrenched infrastructure and supply contracts. FMG initiated Pilbara operations with the Cloudbreak mine, achieving its first commercial iron ore shipment in mid-May 2008 to Chinese customers amid a surging global commodity boom driven by demand from emerging markets. The shipment marked the culmination of integrated , including a dedicated 256 km heavy-haul railway and port facilities at Port Hedland, enabling independent logistics and market disruption. By 2009, the adjacent came online, boosting the Chichester Hub's combined capacity toward 100 million tonnes per annum and supporting FMG's focus on high-grade, direct shipping ores suited for Asian steelmakers. The company's expansion accelerated through self-financed projects, culminating in the completion of the Kings Valley facility at the Solomon Hub, which elevated annual production capacity to 155 million tonnes via enhanced rail networks spanning 760 km. FMG's low-cost production , emphasizing minimal for fines-grade , allowed it to undercut rivals' unit costs, achieving profitability in its first full operational year and capturing market share from higher-cost incumbents like and Rio Tinto. Facing the 2015-2016 iron ore price collapse, FMG restructured its finances by aggressively reducing debt through repayments and buybacks totaling US$3.6 billion from July 2015 onward, preserving liquidity and restoring profitability despite curtailed expansions. This resilience underscored the viability of its cost-efficient model, which maintained competitive edges even in downturns, positioning FMG as a disruptive force in Pilbara iron ore supply.

Operational Challenges and Financial Turnarounds

In 2015, Fortescue Metals Group (FMG) confronted severe operational pressures from a sharp decline in prices, which plummeted to around $40–50 per amid oversupply and softening from , exacerbating the company's high debt load of approximately $7.2 billion as of June 2015. The price crash triggered an 88% drop in full-year and a failed attempt to refinance $2.5 billion in bonds due to weak investor interest, heightening liquidity risks and prompting job cuts of several hundred positions despite partial price rebounds. These challenges stemmed fundamentally from prior aggressive expansions during the 2010–2012 price boom, which left FMG with elevated fixed costs and debt when commodity cycles turned, a pattern observed across producers reliant on Chinese . FMG's recovery hinged on rigorous cost reductions and leveraging existing infrastructure, including rail and port assets from earlier developments like the Herb Elliott Port expansions completed by 2013, which enabled efficient scaling without proportional capital outlays. In fiscal 2016, the company slashed cash production costs by 43% through operational efficiencies, workforce optimization, and supply chain refinements, boosting margins even as prices remained volatile; quarterly shipments reached 43.4 million tonnes by the year's end, reflecting sustained output amid the downturn. Further guidance in 2016 targeted costs at US$12–13 per wet metric tonne for the following year, prioritizing low-cost production to weather cycle troughs driven by supply gluts rather than demand destruction. This approach validated critiques of over-expansion by demonstrating that FMG's integrated model—correlated tightly with Chinese steelmill activity—could generate positive free cash flow once prices stabilized above US$50 per tonne. By fiscal 2017, these measures yielded tangible results, with net debt reduced 21% to US$2.6 billion, profits surging threefold from prior lows, and dividends resuming at US$0.03 per share, signaling restored as prices climbed toward US$70 per on renewed demand. Production volumes continued expanding into the late , surpassing 170 million s annually by fiscal 2020, underscoring the strategy's efficacy in a cyclical where output from low-cost assets outpaced peers during phases. The turnaround highlighted causal dynamics of pricing—primarily tied to global supply responses and end-user consumption in —over exogenous factors, positioning FMG as a resilient mid-tier producer despite earlier vulnerabilities.

Strategic Pivot to Green Energy and Decarbonization

In November 2020, Andrew Forrest announced Fortescue's expansion into through Fortescue Future Industries (FFI), aiming to develop production and compete globally in decarbonization technologies. This initiative included ambitions for "green steel" production, with plans revealed in early 2021 to build Australia's first using reduction powered by renewables. Investments followed, committing over $1 billion initially to FFI for projects like generation and facilities. A key early project was the Christmas Creek Green Metal Project in Western Australia's Pilbara region, launched as a pilot to demonstrate "green pit to product" processes using green hydrogen for iron reduction and electric smelting. This site, operational by 2025, targeted production of over 1,500 tonnes per annum of green metal, integrating with Fortescue's mining operations to test end-to-end decarbonization. However, by mid-2025, Fortescue scaled back its broader green hydrogen ambitions, canceling major projects such as a $550 million hub in Arizona and the PEM50 initiative, citing policy uncertainties and economic challenges with unproven large-scale hydrogen technology. The company's updated climate transition plan shifted emphasis from hydrogen exports toward direct electrification and "Real Zero" goals by 2030, without relying on offsets, acknowledging the causal difficulties in scaling hydrogen amid persistent fossil fuel dependencies in mining. In September 2025, Fortescue signed agreements worth approximately $4 billion for electric mining equipment, including hundreds of battery-powered haul trucks, dozers, and excavators from suppliers like Liebherr, BYD, and XCMG, aiming to eliminate diesel use in Pilbara operations and achieve cost parity with fossil fuel alternatives. These deals, projected to save over $400 million annually in fuel costs once scaled, reflect a pivot to proven battery electrification over hydrogen, despite Fortescue's Scope 1 and 2 emissions remaining tied to operational expansions. FFI continues global partnerships, such as a joint venture with Morocco's OCP Group for green hydrogen and ammonia exports, and collaborations with China Baowu for green iron, though these face risks from technological immaturity and market economics compared to empirical evidence of ongoing emissions from core iron ore activities. This strategic tension underscores the challenges of transitioning heavy industry: while rhetoric emphasizes zero-carbon steel, actual mining emissions have not declined proportionally, prioritizing verifiable electrification gains over speculative hydrogen scalability.

Diversified Investments via Tattarang

, the private investment group owned by Andrew and Nicola Forrest, oversees a diversified portfolio exceeding A$20 billion in , strategically allocating capital beyond to reduce exposure to cycles and price volatility. Established in 2001 and headquartered in , targets generational businesses across , public markets, and , emphasizing long-term commercial returns alongside environmental and social outcomes to foster resilience in a transitioning global economy. In and sectors, has amassed holdings including a 19.5% stake in (AACo) as of January 2024, which manages over 400,000 head of across vast properties; investments in Bega Cheese, a leading and cheese producer; and Harvest Road, specializing in premium farming. These positions buffer mining dependency by tapping into stable production amid and demands. Healthcare diversification features the August 2022 establishment of Tenmile, a A$250 million entity dedicated to early-stage biotech and medtech firms, aiming to accelerate innovations in diagnostics, therapeutics, and solutions. Property investments, handled via subsidiary Fiveight, include the acquisition of premium harborfront land for more than A$500 million in 2023 to build Australia's inaugural Waldorf Astoria hotel, targeting high-value amid urban development opportunities. Further breadth comes from consumer and infrastructure plays, such as ownership of heritage brands RM Williams (leather goods) and (hats), and stakes in FibreconX for dark fiber telecommunications networks, reflecting a post-2010s mining boom approach of opportunistic buys to optimize portfolio risk through uncorrelated asset classes.

Other Business Pursuits: Agriculture, Sports, and Healthcare

In 2015, Forrest's Minderoo Group acquired Brickhouse and Minilya stations in Australia's Gascoyne region, expanding its pastoral holdings to over one million hectares and augmenting its operations as part of a broader revival of family-owned properties in the . Following an initial destocking phase, the group rebuilt a composite herd targeted at Australia's fine-dining market, emphasizing breed selection for quality traits amid regional environmental pressures like , which reduced pasture availability and challenged grazing viability across operations. Forrest initiated in 2019 as an eight-team, competition with modified rules to accelerate play and attract regional talent, particularly from Pacific nations, but postponed its full debut to 2020 amid logistical hurdles. Only one round of matches occurred in early 2020 before cancellation due to the , leaving recruited players in limbo and highlighting funding shortfalls and overambitious scaling relative to established structures. In healthcare, supported the expansion of Allied Medical, a medical equipment distributor originally spun out from Fortescue Metals Group in 2005 with Forrest as a , though its operations remained modest in scale compared to core assets. More recently, launched Tenmile in 2022 with a $250 million commitment to ventures, including investments in biotech for allergies and medicinal , but these initiatives have yet to demonstrate significant returns or beyond early-stage funding.

Philanthropic Endeavors

Establishment of Minderoo Foundation

The Minderoo Foundation was co-founded in 2001 by Andrew Forrest and his wife Nicola Forrest as a private philanthropic organization aimed at addressing large-scale social issues through strategic interventions. Initially operating with modest resources tied to the Forrests' personal wealth, the foundation has since expanded significantly, maintaining a structure that emphasizes independence and long-term impact via dedicated endowments rather than ongoing business dependencies. Funding for the foundation derives primarily from dividends and asset transfers linked to Fortescue Metals Group (FMG), the mining company established by Andrew Forrest in 2003. By the 2020s, cumulative contributions exceeded A$5 billion, including a major 2023 donation of 220 million FMG shares valued at approximately A$5 billion, which elevated the endowment from A$2.6 billion to A$7.6 billion. Subsequent growth from share price gains and reinvested returns pushed the total endowment to around A$10 billion by 2024, enabling sustained operations without reliance on annual business payouts. In a structural shift to reinforce separation from Forrest's executive roles at FMG, and Nicola Forrest stepped down as co-chairs in October 2024, assuming positions while was appointed incoming chair. This governance evolution formalizes the foundation's autonomy, allowing it to pursue data-informed initiatives independently of commercial influences. Annual reports highlight a portfolio of over 100 global projects, underscoring an operational model rooted in empirical assessment and scalable solutions. The foundation's approach reflects Forrest's entrepreneurial background, treating as a high-stakes endeavor comparable to ventures, with donations structured via in-kind asset transfers that preserve capital efficiency under rules permitting deductions for market-value to deductible recipients. from the scale—billions committed without personal asset —indicates of over optimization, as Forrest has publicly pledged a substantial portion of his wealth through initiatives like .

Indigenous Advancement Programs and Outcomes

GenerationOne, an initiative of the Minderoo Foundation launched by Forrest in , aims to achieve employment parity for within one generation by facilitating job placements, training, and opportunities. The program emphasizes practical solutions to close the gap, including partnerships with employers for direct hiring and the development of pathways, such as the Backing Black Business initiative to support Indigenous-owned enterprises. It evolved from the , an industry-led effort Forrest championed starting in 2008, which secured public commitments from companies to provide jobs and has since merged into GenerationOne's broader network. By 2013, the covenant had facilitated over $1 billion in contracts directed toward Indigenous businesses, with initial targets set at 50,000 jobs over a decade. Forrest's approach prioritizes self-reliance through skill-building and over sustained support, which he has described as a "trap" fostering dependency and behavioral issues that hinder economic participation. In his government-commissioned review, Forrest recommended mandatory work and programs, a cashless to restrict spending on essentials, and incentives like tax-free starter homes to promote home ownership and workforce engagement, arguing these measures would break cycles of passivity linked to royalty payments and unconditional income support. He has advocated banning for youth who drop out of school or , positing that such policies disincentivize personal responsibility and perpetuate disadvantage. Outcomes have been mixed, with persistent gaps in employment rates despite targeted efforts. The 2022 Indigenous Employment Index, produced by GenerationOne in partnership with employers, found an average Indigenous workforce representation of 2.2% among participating large firms, compared to a 3.3% population share, alongside variable retention and progression metrics. While 76% of surveyed organizations set Indigenous employment targets, only 67% reported progress regularly, and broader evaluations of similar programs highlight challenges like high in remote areas due to logistical barriers and inadequate cultural tailoring. Forrest's initiatives have claimed thousands of placements through broker-facilitated matches, but independent audits of covenant-style models note limited long-term job sustainability without sustained government brokering and data tracking. Critics, including academics and Indigenous advocates, have characterized these programs as paternalistic, arguing they impose external behavioral fixes without sufficiently addressing structural barriers or community , potentially amounting to a large-scale untested . The Forrest Review's welfare reforms, in particular, have been faulted for overlooking evidence-based successes in voluntary community-led models and for overemphasizing deficits over systemic factors like geographic . Despite these critiques, proponents credit GenerationOne with elevating discourse on employment parity and fostering private-sector commitments, though empirical underscores the need for more robust, verifiable metrics on sustained outcomes.

Global Anti-Slavery Initiatives through Walk Free

Walk Free, established by Andrew and Nicola Forrest in 2010, launched the (GSI) in 2013 as a key tool to quantify modern worldwide, initially estimating 29.8 million people in conditions of , servitude, forced labor, or across 162 countries. Subsequent iterations, including collaborations with the , revised estimates upward, reporting over 40 million victims by 2016-2017, with breakdowns highlighting forced labor (affecting 24.9 million) and (15.4 million), disproportionately impacting women and children. These figures drew on surveys from over 70,000 respondents in 50 countries, combined with qualitative data and national prevalence modeling, though the has faced scrutiny for relying heavily on self-reported perceptions of in under-surveyed regions. The initiative influenced policy by advocating for corporate accountability in supply chains, contributing to Australia's Modern Slavery Act of 2018, which mandates annual reporting by large businesses on risks and actions against slavery in operations and supply chains, modeled partly on the UK's 2015 legislation. Walk Free has tracked G20 progress toward Sustainable Development Goal 8.7—aiming to eradicate forced labor and modern slavery by 2030—noting that G20 nations import over $468 billion in at-risk goods annually, such as electronics and apparel linked to forced labor, while pushing for coordinated action plans to enforce commitments. Funding from the Forrests via the Minderoo Foundation has exceeded $200 million for anti-slavery efforts, including Walk Free's operations, as part of broader philanthropic pledges totaling $400 million in 2017 to address global disadvantage. Walk Free's strategy emphasizes demand-side interventions, targeting economic incentives that sustain through business and transparency, rather than solely awareness-raising, arguing that corporate audits and import restrictions can disrupt profitability of exploitative labor more effectively than alone. However, critics contend the GSI overestimates prevalence by adopting an expansive definition of "modern " that includes subjective elements like without uniform verification, potentially inflating numbers— from 29.8 million in 2013 to 50 million by 2023—to amplify urgency and secure funding, while underemphasizing state-sponsored coercion in countries like . Despite such methodological debates, the index's data has informed UN reporting and ILO estimates, providing a baseline for empirical tracking of trafficking flows driven by global and weak enforcement.

Environmental and Broader Social Causes

Through the Minderoo Foundation, Andrew Forrest committed $100 million in August 2018 to establish the Minderoo Ocean Research initiative, aimed at protecting global via advanced genomic tools and surveys. This funding supported the development of the OceanOmics program, which employs (eDNA) sequencing to map marine species and ecosystems, enabling faster detection of threats such as and habitat degradation. In November 2022, Forrest opened the Minderoo OceanOmics Centre at the , a facility integrating high-throughput DNA analysis with informatics to scale eDNA applications for along Australia's coastlines and beyond. The initiative has facilitated expeditions, including partnerships for oceanographic surveys in the and , yielding data on like whales in proximity to industrial activities. While proponents highlight potential for evidence-based () expansions—such as a $10 million commitment in 2023 to finance debt swaps for habitat restoration—empirical outcomes remain preliminary, with eDNA tools demonstrating detection accuracy in controlled studies but limited large-scale restoration metrics to date. Critics note that philanthropic investments, though innovative, may yield lower for tangible recovery compared to direct regulatory enforcement or business-led decarbonization, as genomic data alone does not address root causal drivers like warming or without policy integration. In broader social causes, Forrest's via Minderoo has extended to , funding scholarships and fellowships through entities like the Forrest Research Foundation, established in 2014 with initial donations exceeding hundreds of millions to support postgraduate studies in science and innovation at Western Australian universities. These programs have awarded over 100 scholarships by 2020, targeting fields like to build for environmental challenges, though longitudinal data on impact—such as patents or —shows modest relative to total outlays. Health-related efforts, including Minderoo's support for pediatric through the Zero Childhood Cancer program, have contributed to genomic profiling for treatments, but verifiable reductions in mortality rates attributable to these funds are constrained by multi-stakeholder involvement and lack of isolated efficacy trials. During the , Minderoo donated tens of millions for emergency response, including equipment and , yet post-crisis evaluations indicate these inputs supported short-term aid without establishing enduring systemic health improvements.

Political Involvement and Advocacy

Positions on Energy Policy and Fossil Fuels

Andrew Forrest has advocated for the rapid phase-out of fossil fuels, emphasizing that their continued expansion exacerbates damages observable in Australia's marine environments. Drawing from his background in marine ecology and direct observations, Forrest has highlighted the devastation of coral reefs, reporting instances where over 90 percent of reef coverage has died due to warming oceans and acidification. In September 2025, he publicly challenged climate skeptics, including U.S. President , to visit affected Australian sites, arguing that empirical evidence from bleached and eroded reefs demonstrates the causal links between emissions and ecological collapse, countering denialism with firsthand data rather than abstract models. Forrest positions technologies, particularly produced via powered by and , as viable alternatives to , asserting they can be scaled through market incentives without government subsidies distorting economics. He has critiqued proposals as uneconomic distractions that prolong dependence, describing the Australian Coalition's 2024 plan for reactors as "bulldust" likely to delay grid decarbonization by decades due to high costs and regulatory hurdles. This stance aligns with his promotion of hydrogen for , though he acknowledged in July 2024 that Fortescue Future Industries would not achieve prior production targets by 2030, prioritizing operational feasibility over unmet ambitions. Despite Fortescue Metals Group's ongoing iron ore emissions from diesel-powered operations, Forrest has grounded his policy views in the company's decarbonization efforts, including contracts announced in September 2025 for 300 to 400 battery-electric haul trucks capable of 240-tonne loads, with deliveries phased from 2028 onward via partnerships like XCMG. These initiatives, he argues, demonstrate that renewables can economically replace fossil fuels in emissions-intensive sectors, leveraging abundant solar resources in regions like Western Australia's Pilbara to drive down costs through volume production.

Engagements with Australian Politics and Parties

Forrest, through Fortescue Metals Group, donated over A$6 million to Australian political parties between 2010 and 2019, with the majority directed to the Liberal-National , influencing debates on resource taxation and development approvals. These contributions coincided with Fortescue's expansion efforts, including rail and port infrastructure projects in , where government approvals facilitated growth amid regulatory scrutiny. In the , Forrest publicly opposed the Labor government's Super Profits (RSPT) and subsequent Minerals (MRRT), describing the policies as a "war" on and challenging their legally, which contributed to the tax's dilution and eventual repeal under the in 2014. His advocacy emphasized free-market principles, arguing against what he viewed as punitive levies on resource extraction, while proposing industry coordination measures such as voluntary production caps on to stabilize prices and avoid oversupply—ideas critiqued as cartel-like but defended as pragmatic responses to market volatility. Forrest has also engaged on Indigenous policy, supporting Coalition-backed income management initiatives like the cashless debit card trials in , which aligned with his foundation's efforts and influenced evaluations of their efficacy in reducing and family violence in remote communities. Fortescue's extended to rebate reforms in 2025, targeting adjustments favorable to operations, demonstrating ongoing efforts to shape resource policy through direct consultations. While Forrest has critiqued aspects of Labor's subsidies as misdirected—particularly for projects requiring more targeted domestic focus rather than broad allocation—his engagements prioritize resource sector viability over partisan alignment.

International Stances, Including Climate Diplomacy

Andrew Forrest has actively engaged in international forums to advocate for the green transition in . At the in in January 2024, he pressed emissions-intensive sectors to adopt green technologies, emphasizing the feasibility of phasing out fossil fuels. In November 2024, Forrest was named to TIME's 100 Most Influential Leaders in list, recognizing his efforts to pivot operations toward zero-emissions processes. In September 2025, speaking at The New York Times Climate Forward conference, Forrest directly challenged U.S. President Donald Trump to visit Australia and observe the tangible impacts of climate change, such as extreme weather events affecting the continent. He described Trump's dismissal of climate science as "utter bulldust" and accused him of spreading falsehoods, while asserting that peer-reviewed evidence contradicts claims of climate change as a hoax. Despite Trump's administration's rollback of renewable support, Forrest doubled down on renewables, arguing that multilateral cooperation remains essential for decarbonizing global supply chains and that U.S. retreat from net-zero policies benefits competitors like China. Forrest has extended his international advocacy to combating modern slavery in global supply chains, particularly highlighting risks tied to manufacturing. In 2021, his Minderoo Foundation condemned China's treatment of as involving forced labor. By May 2023, the foundation's initiative warned of escalating modern slavery threats in solar panel supply chains dominated by Chinese production, urging businesses to audit for forced labor amid the global shift to renewables. These efforts underscore Forrest's push for ethical standards in , balancing support for free markets with scrutiny of practices enabling exploitation.

Controversies and Criticisms

Disputes over Indigenous Land and Welfare Policies

In the 2010s, Fortescue Metals Group (FMG), founded by Andrew Forrest, faced prolonged legal disputes with the Yindjibarndi people over native title rights in the iron ore-rich region of . The Federal Court granted the Yindjibarndi exclusive native title over approximately 2,700 square kilometers in 2017, recognizing their rights after FMG had commenced operations without a formal agreement. FMG lost a subsequent in 2019, paving the way for compensation claims; by 2023, the Yindjibarndi were pursuing up to $1.8 billion from FMG and the Western Australian government for economic, cultural, and losses, including the destruction of 249 sacred sites. Yindjibarndi elders testified that the dispute had "torn apart" communities, exacerbating intergenerational trauma and eroding cultural connections to country. Critics, including Yindjibarndi representatives, accused FMG of exploiting divisions within Indigenous groups by covertly funding and supporting a rival faction, the Yindjibarndi Aboriginal Corporation (YAC), to undermine native title claims and secure favorable access to land. This eight-year conflict highlighted tensions in native title negotiations, where mining companies like FMG prioritized operational certainty over comprehensive consent, leading to allegations of procedural manipulation revealed in court evidence. Defenders of FMG's approach, including Forrest, argued that such agreements deliver mutual benefits through infrastructure development, training, and employment opportunities rather than passive royalties, which they claim foster dependency. Empirical assessments of similar Pilbara agreements indicate trade-offs: while short-term royalties and contracts provide revenue—FMG offered $4 million annually in royalties plus $6 million for housing and programs—long-term Indigenous wealth accumulation remains limited, with research showing high turnover in mining jobs and insufficient skill transfer for sustained economic independence. Forrest has publicly derided "mining welfare," advocating instead for direct in the sector to address Indigenous social issues like and community breakdown, which he attributes partly to royalty dependence and broader systems. In 2021, he linked such passive income streams to perpetuating misery in Aboriginal communities, favoring job creation as a pathway out of . Aboriginal critics, including Nyamal elders, countered that this stance overlooks systemic barriers to and undervalues royalties as rightful compensation for , accusing Forrest of prioritizing corporate profits over equitable wealth-sharing. Outcomes from FMG's Indigenous participation initiatives show elevated hiring rates—sustaining around 75% in some local agreements since the early —but persistent challenges in retention and broader economic underscore the debate's unresolved tensions.

Corporate Governance Issues and Executive Departures

In 2023 and 2024, Fortescue experienced a significant exodus of senior executives, attributed by investigations to internal chaos, leadership outbursts, and strategic disagreements over the company's aggressive pivot to green energy initiatives under Andrew Forrest's direction. A Financial Review probe detailed a pattern of questionable decisions and high-pressure management likened to intense confrontations, contributing to the departures amid the rapid scaling of Fortescue Future Industries (FFI). This turmoil coincided with stock price volatility, as investor enthusiasm for FFI's hydrogen ambitions waned against execution challenges and cost overruns exceeding $1.2 billion in fiscal 2024 alone. Key departures included co-CEO of FFI Fiona Hick, who exited abruptly in August 2023 after less than six months, followed days later by Dino Otranto, with the company citing planned transitions but providing limited explanations to shareholders. Chief economist Guy Debelle resigned in late August 2023, becoming the third high-level exit in a week, amid reports of clashes with Forrest over the feasibility and pace of green energy investments. The trend continued into 2024, with global growth director Julie Shuttleworth and energy head Eva Hanly departing, further straining operational continuity during the green transition. Analysts noted these resignations raised concerns, including opaque and Forrest's dominant executive chairman role, which amplified tensions between visionary goals and practical delivery. A July 2023 whistleblower into allegations of inappropriate behavior by Forrest, prompted by an anonymous tip-off, cleared him of wrongdoing after an independent review found no adverse evidence. However, the probe occurred against a backdrop of broader cultural issues, including the dismissal of nearly 60 employees for , , and misconduct, underscoring challenges in maintaining disciplined amid Forrest's intense, hands-on . Forrest defended the company's structure, emphasizing a diverse board with majority non-executive directors and strict oversight, but critics argued the rapid executive turnover reflected execution gaps in balancing profitability with FFI's ambitious decarbonization targets. Board adjustments followed, with leadership shuffles in 2025 including the retirement of CEO Hutchinson and COO Roberts, repositioned to advisory roles to streamline and alignment. These changes aimed to mitigate risks from the shift's hype-driven volatility, yet ongoing departures highlighted persistent frictions in Forrest's approach, prioritizing bold over incremental .

Environmental Hypocrisy Claims Amid Rising Emissions

Critics have accused Andrew Forrest of environmental , arguing that Fortescue Metals Group's (FMG) escalating operational emissions undermine his public for rapid decarbonization and elimination of fuels. Despite Forrest's repeated calls for industries to achieve "real zero" emissions without offsets, FMG reported a 12% increase in for the fiscal year ending June 2025, attributed to operational expansion ahead of fleet . This rise occurred even as Forrest positioned FMG as a leader in green transitions, prompting claims that such rhetoric masks ongoing reliance on diesel-powered equipment. FMG's 2025 Climate Transition Plan reaffirmed the "real zero" target for Scope 1 and 2 emissions from operations by 2030 but scaled back emphasis on production, shifting focus toward battery-electric vehicles and integration. Scope 1 and 2 emissions reached 3.02 million tonnes of CO₂-equivalent in FY2025, reflecting short-term from increased activity. Detractors, including commentary in the Australian Financial Review, described this as "whitewashing" self-assessed progress, noting Forrest's praise for FMG's "courage" amid the uptick rather than addressing gaps. Proponents of FMG's strategy highlight accelerating decarbonization efforts, such as partnerships to electrify the haul truck fleet, which could yield annual fuel savings exceeding $400 million while aligning with zero-emission goals. FMG anticipates Scope 1 emissions peaking in 2027-2028 before declining through replacements of diesel trucks with electric models from suppliers like XCMG, targeting up to 400 zero-emission vehicles. Company executives argue these investments demonstrate long-term absolute reductions, with doubled decarbonization spending planned for FY2026. Skeptics counter that self-reported metrics lack sufficient third-party auditing, potentially inflating perceptions of progress given the interim emissions trajectory and hydrogen pivot. While FMG's plan avoids offsets for operational emissions, critics demand independent validation to reconcile Forrest's global climate diplomacy—such as challenging fossil fuel reliance—with FMG's current diesel dependency. Defenders maintain that operational scale-up is necessary for funding the transition, positioning FMG's electrification as evidence of feasible, profitable zero-emissions mining.

Legal Battles and Public Feuds

In 2020, Forrest invited Chinese Consul-General Long Zhou to a joint press conference with Australian Health Minister in to announce the procurement of 10 million test kits from amid global shortages. The event drew criticism from MPs and former , who accused Forrest of ambushing the government and allowing the diplomat to hijack the proceedings by using the platform to defend 's handling of the and criticize calls for an independent inquiry into its origins. Forrest dismissed the backlash, urging critics to "take a chill pill" and defending the invitation as a pragmatic step to secure vital medical supplies during heightened Australia- tensions, without issuing any apology. Forrest initiated legal action against in 2023 over approximately 230,000 unauthorized advertisements featuring AI-generated videos of him endorsing fraudulent schemes, which scammers used to defraud users globally. In June 2024, a U.S. federal judge in California's Northern District rejected Meta's motion to dismiss the suit, allowing it to proceed on claims of and violation of laws, despite Meta's argument for immunity under ; an appeal was dismissed in August 2024. Australian authorities dropped related criminal charges against Meta in 2023 after Forrest withdrew his complaint to focus on the U.S. civil case, which remains ongoing as of 2025 with court orders for Meta to disclose details on ad facilitation. In June 2024, Forrest publicly accused of "dithering" on his proposal for , warning that delays could lead to up to one million deaths from , amid stalled negotiations for aid corridors. The remarks prompted backlash from pro-Israel groups, including the Australian Jewish , which labeled them an inflammatory "anti-Israel rant" exaggerating Israel's role in aid blockages while ignoring Hamas's governance failures. Forrest did not retract the statements but later pledged US$12.5 million in aid for 's , , and needs in October 2024, framing it as a response to child without addressing the criticisms directly. These incidents have reinforced Forrest's public image as a figure willing to engage in high-profile confrontations, often prioritizing personal initiatives over diplomatic norms, though without notable legal victories or concessions from opponents to date.

Recognition and Achievements

Business and Philanthropic Awards

In 2018, Forrest was awarded the Entrepreneur of the Year Social Entrepreneurship Award for his leadership at Fortescue Metals Group, recognizing initiatives that integrated social impact with business operations, including community development in Western Australia's region. The award, presented by in , highlighted Forrest's model of low-cost production alongside investments in employment and training programs, which reportedly increased local hiring rates to over 15% of the workforce by that period. Forrest and his wife Nicola received the 2017 Great Australian Philanthropy Award from Research Australia for sustained personal donations exceeding hundreds of millions to and , emphasizing empirical outcomes such as funding for cancer studies and health disparities. This accolade, focused on verifiable long-term giving rather than one-off grants, underscored the couple's contributions through the Minderoo Foundation, which by 2017 had allocated over $200 million to Australian biomedical projects with measurable impacts like accelerated clinical trials. In November 2024, Forrest was included in TIME magazine's TIME100 Climate list under the business leaders category for advancing and zero-emissions mining technologies at Fortescue, where safety innovations under his oversight contributed to a total recordable injury frequency rate (TRIFR) dropping to a record low of 2.8 in 2019 and further improvements in subsequent years. The selection criteria prioritized leaders demonstrating scalable decarbonization strategies, though some observers noted potential self-promotional elements in Fortescue's public reporting of these metrics aligning with periods of stock price gains exceeding 50% annually post-2019.

Public Honors and Global Listings

In 2017, Andrew Forrest was appointed an Officer of the (AO) for distinguished service to the sector through executive , to via support for employment initiatives, and to sustainable economic development. This honor recognized his role in establishing Fortescue Metals Group as a significant exporter, growing it from inception in to a company valued at tens of billions by leveraging low-cost production in Western Australia's region. Forrest has been regularly featured in ' global billionaires list, reflecting his wealth derived primarily from Fortescue's operations and diversification into green energy projects. As of the 2025 edition, his was estimated at $14.4 billion, placing him at #160 worldwide and #5 among Australia's richest. These listings underscore the financial success of his entrepreneurial efforts in resource extraction and transition to hydrogen-based technologies, though they have drawn scrutiny amid ongoing legal disputes with groups over land access and impacts. Forrest has engaged in international forums, including as an agenda contributor and speaker at the World Economic Forum's annual meetings in , where he has addressed topics such as the role of in decarbonization and frontier technologies for energy production. His participation highlights influence in global discussions on sustainable , predicated on Fortescue's pivot from traditional to zero-emissions goals, yet tempered by critiques of inconsistencies between and operational emissions from activities.

Personal Life and Wealth

Family Dynamics and Private Interests

Andrew Forrest was married to Nicola Forrest for over three decades until their separation was announced on July 12, 2023. The couple, who share three adult daughters—Grace, Sophia, and Sydney—emphasized that the split would not disrupt their shared business or charitable operations, with many financial interests remaining linked post-separation. The Forrest has pursued a relatively private existence amid Andrew's public business profile, with limited details emerging about daily family interactions or upbringing. Succession planning through their , , explicitly excludes direct for the daughters, directing substantial assets toward broader initiatives rather than personal . This structure reflects a deliberate separation of family dynamics from management, prioritizing long-term over traditional familial . Forrest's private interests include , evidenced by his ownership of a private jet acquired in 2021 for international travel. He also maintains a 58.2-meter , Pangaea Ocean Explorer, used for personal and exploratory voyages. His Anglican family background informs a framework in personal decisions, though not overtly religious in public expressions.

Net Worth Evolution and Lifestyle

Andrew Forrest's net worth derives primarily from his ownership of approximately 36.7% of Fortescue Metals Group shares, held through entities including and the Minderoo Foundation. This stake has driven marked fluctuations tied to prices, which are heavily influenced by demand and global construction cycles rather than strategic divestitures. During the 2020-2021 iron ore price surge, fueled by post-pandemic infrastructure stimulus in , Forrest's wealth peaked above A$30 billion, with estimates placing it at A$23 billion in late 2020 and subsequent gains pushing higher amid Fortescue's record profits. By 2023, valuations reached A$33 billion on sustained high prices, though transfers of shares to moderated personal holdings. Declines followed as Chinese property sector weakness curbed demand, with Fortescue's FY2025 net profit falling 41% and dividends reduced, contributing to a estimate of around $15 billion as of mid-2025. Forrest joined in 2013 as one of Australia's first signatories, committing the majority of his fortune to during his lifetime, with over A$5 billion in Fortescue shares transferred to the Minderoo Foundation by 2023 to fund initiatives in , and . These pledges align with his green energy pivot at Fortescue, though critics highlight the persistence of mining-derived wealth amid emissions-intensive operations. Relative to peers, Forrest's lifestyle emphasizes rural and exploratory pursuits over opulent displays, including acquisitions of cattle stations like the A$30 million purchase of iconic properties in 2020 and additional and Gascoyne holdings for potential renewable hubs. He owns the Pangaea, repurposed for oceanographic supporting his efforts.

References

  1. [1]
    Andrew Forrest: The Australian Mining Magnate And Philanthropist
    Aug 30, 2023 · Andrew Forrest, born in Perth, Australia, in 1961, is a mining and sustainable energy luminary. He's had a significant impact on the mining sector.<|separator|>
  2. [2]
    Andrew Forrest & family - Forbes
    Andrew Forrest founded Fortescue Metals Group in 2003. · In 2022, his privately held Squadron Energy paid an estimated A$4 billion for Australia's biggest wind ...
  3. [3]
    Andrew Forrest - Bloomberg Billionaires Index
    Forrest is the founder and chairman of Fortescue Metals Group, an Australian iron ore producer. The Perth-based mining company shipped more than 190 million ...
  4. [4]
    Andrew Forrest's Fortescue Metals Group success story - AFR
    Aug 28, 2023 · Andrew “Twiggy” Forrest's deserved status as Australia's most remarkable self-made business success story this century is underscored by the way the giant ...
  5. [5]
    A Mining Billionaire's Case for Ditching Fossil Fuels - Time Magazine
    Feb 25, 2025 · Dr. Andrew Forrest, an Australian businessman, philanthropist and board member and founder of the company Fortescue Metals Group.
  6. [6]
    Andrew Forrest AO - Australian of the Year Awards
    With self-made wealth, Andrew Forrest drives hands-on philanthropy, leading Australian initiatives for some 250 community strengthening causes.
  7. [7]
    Andrew Forrest AO - Concordia
    Andrew Forrest is a leading Australian philanthropist and businessman who devotes the majority of his time to improving the lives of the world's most ...
  8. [8]
    Andrew 'Twiggy' Forrest: A bundle of contradictions - ABC News
    Jul 26, 2015 · He built a major mining company out of nothing, acquiring tenements BHP and Rio Tinto had discarded, and fashioned Fortescue Metals Group into ...
  9. [9]
    Inside the 'unending chaos' at Andrew Forrest's Fortescue - AFR
    Dec 12, 2024 · Forrest was finishing off a PhD in marine ecology, having stepped back from day-to-day operations at Fortescue in 2011. But his successor in the ...
  10. [10]
    'Judge me on my actions': can Andrew Forrest become Australia's ...
    Mar 26, 2022 · The billionaire mining magnate known as Twiggy may be emulating Bill Gates with the scale of his philanthropy, but not everyone is convinced.
  11. [11]
    Andrew Forrest's father farewelled in mounted guard at Minderoo
    Sep 25, 2023 · Billionaire Andrew Forrest's father Donald has passed away at the age of 95, spending his final moments at the ancestral cattle station.
  12. [12]
    Billionaire Andrew Forrest mourns his father - AFR
    Sep 25, 2023 · Andrew Forrest led a horseback guard of honour for his father Don at the family's cherished Minderoo cattle station in the Pilbara.
  13. [13]
    Why is Andrew Forrest called Twiggy? - Daily Mail
    Jul 12, 2023 · The billionaire, who earned his fortune by mining iron in Western Australia's Pilbara region, said he was first called Twiggy when he was nine.
  14. [14]
    From red iron ore to a green energy superpower - FC Capital
    Mar 27, 2024 · Andrew Forrest grew up on the remote Minderoo cattle station and helped out as a jackeroo while attending school via shortwave radio. Minderoo ...Missing: upbringing rural
  15. [15]
    Embrace failure to succeed: Forrest | The West Australian
    Sep 16, 2014 · Be unafraid to always teach." Mr Forrest studied economics and international politics at the UWA in the early 80s. Get the latest news from ...
  16. [16]
    Notable UWA Alumni Making a Global Impact
    Dr. Andrew Forrest AO An Australian mining magnate and philanthropist who graduated from UWA in 1983 with a degree in Economics. Dr. Forrest founded Fortescue ...<|separator|>
  17. [17]
    Twiggy's triumph: from stammering bumpkin to 'Silver Tongue' broker
    Oct 28, 2013 · He left Benneys in 1985, aged 23, for a job as a dealer with a new stockbroking house called Kirke Securities, which had a strong focus on the ...Missing: early | Show results with:early
  18. [18]
    Andrew Forrest Biography: Success Story of Fortescue Metals Group ...
    Jul 4, 2020 · Andrew Forrest, born in 1961. He is a mining magnate based out of Perth, Australia. He was the CEO of Fortescue Metals Group or FMG, and as of now, serves as a ...Missing: background | Show results with:background
  19. [19]
    Dr Andrew Forrest AO
    Andrew Forrest grew up on a remote Australian cattle station, Minderoo, before graduating from university and building a career in investment banking, mining ...Missing: Geelong Grammar
  20. [20]
    Anaconda Nickel Ltd Nickel and Cobalt Mine - Mining Technology
    Mar 26, 2000 · Total production costs for 2006 were around $8.25/lb of nickel.. Recommended White Papers. Whitepaper. High Quality Fabric Structures.
  21. [21]
    Nickel laterites fail to live up to early promise - The Northern Miner
    Owner Anaconda is currently negotiating with U.S. bondholders for a cash buyout at about 25 to the dollar. If successful with the restructuring, Anaconda plans ...Missing: overruns | Show results with:overruns
  22. [22]
    Mine Shaft - Forbes
    May 14, 2001 · “A third of the plant was a complete disaster.” Anaconda charges Fluor with botching the construction of a $615 million Western Australia nickel ...Missing: failure | Show results with:failure
  23. [23]
    Company Demands $532.6 Million From Fluor - Los Angeles Times
    Nov 16, 2000 · Construction: Australia's Anaconda Nickel says the Aliso Viejo firm failed to finish mining project on time.Missing: overruns | Show results with:overruns
  24. [24]
    https://www.nytimes.com/2001/03/29/business/world-business-briefing-australia-ouster-sought-at-anaconda.html
  25. [25]
    Anaconda loss blows out to $919m after mine writedown
    Sep 14, 2002 · Anaconda chief executive Peter Johnston said the Murrin Murrin mine was now valued at $400 million. But the company and its 40 per cent partner ...
  26. [26]
    The Anaconda squeeze - AFR
    Jun 21, 2003 · The mysterious Glencore has form in Australia. Its involvement in Anaconda Nickel wound up in a venomous battle and $1 billion in losses.
  27. [27]
    Relieved of debt, Anaconda molts - The Northern Miner
    Sep 18, 2003 · The deal left Anaconda virtually debt free. Anaconda's debt woes stem from its troubled Murrin Murrin nickel-laterite project in Western ...<|separator|>
  28. [28]
    https://www.fortescue.com/about-fortescue/our-story
  29. [29]
    Fortescue Metals Group: Becoming "The new Force in Iron Ore"
    In 2003, Andrew Forrest planned to enter the iron ore industry, which was highly capital intensive, consolidating, and dominated by three companies.Missing: founding | Show results with:founding
  30. [30]
    FMG set to export maiden iron ore shipment - ABC News
    May 14, 2008 · The mining company Fortescue Metals Group (FMG) is today scheduled to make its first commercial shipment of iron ore to China ... 2008 at 3 ...Missing: date | Show results with:date
  31. [31]
    [PDF] fortescue-opens-kings-valley-project-and-celebrates-completion-of ...
    Mar 28, 2014 · The completion of Kings Valley, 60 kilometres north of Tom Price, has lifted Fortescue's production capacity to 155mtpa, affirming the ...
  32. [32]
    Fortescue Metals Gains on Plan to Cut Debt by $700 Million
    Sep 13, 2016 · The repayment brings to $3.6 billion the amount of debt cut since July 2015 and will deliver annual interest savings of about $26 million, Perth ...
  33. [33]
    [PDF] Working together. Delivering results. - AnnualReports.com
    Aug 24, 2015 · This report provides a summary of Fortescue's operations and financial position for the financial year ended 30 June 2015. All references to ...Missing: restructuring | Show results with:restructuring
  34. [34]
    Australia steeled for China slowdown as iron ore prices fall - CNBC
    Apr 16, 2015 · Since peaking at US$190 in 2011, iron ore prices have slid more than 70 per cent to about US$50 a ton. This is denting tax revenues, forcing ...Missing: crash | Show results with:crash
  35. [35]
    Fortescue Metals Group profit plunges 88 per cent amid lower iron ...
    Aug 23, 2015 · The company still has a massive debt pile of $US7.2 billion but it is not required to make a payment until 2019. Shareholders will receive a ...Missing: 2015-2016 restructuring
  36. [36]
    Fortescue Pulls $2.5 Billion Bond as Price War Hits Iron Ore
    Mar 17, 2015 · Fortescue, which has a market value of A$5.8 billion ($4.4 billion) and net debt of $7.5 billion as of Dec. 31, fell 5.3 percent on Wednesday in ...
  37. [37]
    Fortescue to cut hundreds of jobs despite partial rebound in iron ore ...
    May 13, 2015 · The iron ore price has rebounded to about US$62 a tonne after heading towards US$40 last month. Forrest noted Fortescue's rivals Rio Tinto and ...Missing: crash debt
  38. [38]
    Fortescue debt debacle highlights perilous position - ABC News
    Mar 17, 2015 · Fortescue's failure to sell a $US2.5 billion debt refinancing to US investors is a worrying sign for the company.Missing: crisis | Show results with:crisis
  39. [39]
    Fortescue port expansion complete | Finance News Network
    Aug 15, 2013 · Fortescue Metals Group Limited (ASX:FMG) has completed its $2.4 billion expansion of its port facilities at Port Hedland.Missing: turnaround 2016-2017 cutting
  40. [40]
    Fortescue Profit Jumps Threefold as Cost Cuts Boost Margins
    Aug 21, 2016 · Perth-based Fortescue cut cash production costs 43 percent in fiscal 2016 as the largest producers, including BHP Billiton Ltd. and Rio Tinto ...
  41. [41]
    Fortescue production costs to fall even further in FY17 - Mining Weekly
    Jul 27, 2016 · Fortescue shipped 43.4-million tonnes in the final quarter of the 2016 financial year, which is a 3% increase on the third-quarter shipments and ...Missing: turnaround expansion
  42. [42]
    Fortescue Metals plans further cost cuts | SBS News
    Jul 27, 2016 · The company has lowered its guidance for cash production costs to $US12-$US13 per wet metric tonne (wmt) for 2016/17, down from its average cost ...Missing: turnaround 2016-2017 port expansion
  43. [43]
    FMG profits surge, Andrew Forrest books $445m in dividends as iron ...
    Aug 20, 2017 · FMG also reported cash on hand was $US1.8 billion with net debt reduced by 21 per cent to $US2.6 billion. The firm will pay a final dividend of ...Missing: resumed | Show results with:resumed
  44. [44]
    The Fortescue Metals Group Growth Study - Cascade Strategy
    Nov 25, 2022 · Fortescue Metals Group was founded in April 2003 by John Andrew Henry Forrest when he rebought his ancestral farmland. The company started with ...
  45. [45]
    Prospects for global iron ore supply growth and prices
    Oct 12, 2021 · Fortescue's shipments reached 182.2m tonnes (mt) of iron ore for this fiscal year. This led to net profits of over 117% (~ US$ 10.3bn) and US$ ...
  46. [46]
    Australia's Fortescue plans global green energy drive | Reuters
    Nov 10, 2020 · Australian mining magnate Andrew Forrest outlined ambitious plans on Wednesday to build a renewable energy business, aiming to compete with ...
  47. [47]
    Fortescue's Forrest opens up about iron ore miner's 'green steel ...
    Jan 22, 2021 · Fortescue Metals Group Chairman and founder, Dr Andrew Forrest (pictured), has revealed the iron ore miner has plans to build Australia's first “green steel” ...
  48. [48]
    Fortescue talks up renewable energy shift, but ignores many climate ...
    Nov 11, 2020 · FMG has committed over $1 billion to its Fortescue Future Industries business, which is aiming to produce 235 GW of renewable energy generation.Missing: ambitions | Show results with:ambitions
  49. [49]
    Green Iron Metal Project - Fortescue
    Set in the heart of Western Australia's Pilbara, is Fortescue's Green Metal Project is expected to produce more than 1,500 tonnes per annum of green metal, with ...Missing: ambitions 2020
  50. [50]
    Christmas Creek - Fortescue
    Christmas Creek is the second mine in Fortescue's Chichester Hub. Home to Fortescue's Green Energy Hub, this site pilots several green energy projects ...Missing: 2021 | Show results with:2021
  51. [51]
    Fortescue scales back hydrogen ambitions, iron-ore shipments at ...
    Jul 24, 2025 · Australian miner Fortescue is paring back its global green hydrogen ambitions, shelving its Arizona hydrogen and PEM50 projects in a major reset.
  52. [52]
    Fortescue Cancels $550 Million Green Hydrogen Hub Project in ...
    Fortescue Future Industries (FFI) has officially withdrawn from its proposed $550 million green hydrogen hub in Buckeye, Arizona, citing changing policy ...
  53. [53]
    Forrest slams carbon credits as Fortescue backtracks from hydrogen
    Sep 23, 2025 · The speech came as Fortescue pared back its focus on hydrogen in its latest climate blueprint, which in previous years has emphasised the ...
  54. [54]
    [PDF] CLIMATE TRANSITION PLAN | Fortescue
    The Christmas Creek Green Metal Project will use renewable energy and green hydrogen reduction technology, together with an electric smelting furnace, to ...<|separator|>
  55. [55]
    Fortescue unites world's best technology and manufacturing to ...
    Sep 25, 2025 · Individual Heads of Agreements have been signed with three global renewable energy leaders: BYD – the world's largest manufacturer of electric ...
  56. [56]
    Forrest strikes $4 billion deal for electric trucks and dozers to ...
    Sep 25, 2024 · Andrew Forrest has struck a $4 billion deal that will see hundreds of giant electric trucks, excavators and dozers installed at its huge iron ore mines.<|separator|>
  57. [57]
    Heavy-duty EVs could cut Fortescue fuel bill by $400 million - Electrek
    Fortescue is marching towards zero emissions as it invests in new, zero-emission mining equipment saving almost $400 million in fuel.
  58. [58]
    Morocco - Fortescue
    Our strategic joint venture with OCP Group includes a green energy hub in Morocco to supply green hydrogen, ammonia, and fertilisers.
  59. [59]
    Fortescue and China Baowu Partnership 2025: Green Iron ...
    Jun 20, 2025 · Fortescue ASX and China Baowu Steel Group signed in 2025, a memorandum of understanding (MoU) with Baowu Resources to develop green iron production ...
  60. [60]
    Australia's Fortescue to double decarbonisation spend - Argus Media
    Aug 26, 2025 · Australian iron ore producer Fortescue will more than double its decarbonisation investment over the July 2025-June 2026 financial year to $900 ...
  61. [61]
    What's the largest Australian family office by AUM? | 2025
    May 5, 2025 · We estimate its Assets under Management above $20bn. Tattarang was founded by Andrew Forrest in 2001 and has its headquarters in Perth.Missing: date | Show results with:date
  62. [62]
    Forrest's cashed-up Tattarang 'on buyout path' | The Courier Mail
    Andrew “Twiggy” Forrest's $30 billion plus investment firm Tattarang is on the acquisition trail as it looks to continue to diversify into a range of ...Missing: portfolio | Show results with:portfolio
  63. [63]
    Tattarang - 2025 Investor Profile, Portfolio, Team & Exits - Tracxn
    Jul 18, 2025 · Tattarang is a private equity firm founded in 2001. It is primarily based in Nedlands, Australia. As of Jul 2025, Tattarang has a portfolio of 13 companies.Missing: date | Show results with:date
  64. [64]
    Who We Are - Tattarang
    Founder of Minderoo Foundation and Tattarang​​ In 2003, Dr Forrest founded the iron ore miner Fortescue in Western Australia.Missing: date | Show results with:date
  65. [65]
    Andrew 'Twiggy' Forrest and Nicola increase AACo investment to ...
    Jan 3, 2024 · Andrew and Nicola Forrest's investment vehicle Tattarang has increased its stake in AACo to 19.5pc; AACo runs more than 400,000 head of ...
  66. [66]
    Portfolio - Tattarang
    Portfolio. Tattarang invests to create long-term value and deliver commercial returns while driving strong environmental and social outcomes.Missing: WiseTech Allied logistics
  67. [67]
    Tattarang's CIO: Why ag is essential in Andrew Forrest's portfolio
    Nov 2, 2020 · The family office of one of Australia's richest men is building a significant portfolio of beef and aquaculture assets in Western Australia ...Missing: diversification | Show results with:diversification<|control11|><|separator|>
  68. [68]
    Tattarang launches $250m dedicated health technology investment ...
    Aug 15, 2022 · Tattarang is investing in the future of Australian healthcare innovation with the launch of Tenmile, a significant new venture capital business.Missing: Allied logistics
  69. [69]
    Forrest's Tattarang launches $250m HealthTech VC firm
    Aug 16, 2022 · Australia has a brand new HealthTech and BioTech venture capital outfit called Tenmile and backed with $250 million in capital from Andrew and Nicola Forrest's ...Missing: assets | Show results with:assets
  70. [70]
    Tattarang - Business News
    Andrew and Nicola Forrest-led Tattarang has acquired prime Sydney land for more than $500 million, with plans to construct Australia's first Waldorf Astoria ...
  71. [71]
    Andrew 'Twiggy' Forrest expands pastoral interests, purchases two ...
    Aug 6, 2015 · Andrew Forrest's new acquisition has increased Minderoo Group's total pastoral holdings to over one million hectares and the cattle herd to ...Missing: grazing drought
  72. [72]
    Forrest adds two Gascoyne properties to cattle portfolio - Beef Central
    Aug 7, 2015 · In a deal reported to be worth more than $10m, the Forrest's Minderoo group has bought Brickhouse Station and Minilya Station, which ...Missing: sustainable drought
  73. [73]
    Minderoo Station snapshot: beefing up Pilbara cattle for the fine ...
    Aug 20, 2015 · After initially destocking the station, Andrew Forrest and his wife Nicola have been working to build a composite herd, bred for Australia's fine-dining market.Missing: acquisition grazing
  74. [74]
    [PDF] Annual Update - Australian Beef Sustainability Framework
    operations as part of the Forrest family's Minderoo. Station properties in the Pilbara region. ... The drought has also reduced the availability of pasture ...
  75. [75]
    Billionaire's Asia-Pacific 'rapid rugby' plan delayed by a year ...
    But Australian mining magnate Andrew "Twiggy" Forrest, the brainchild behind the 8-team, 56-game competition, said it would now start in 2020. Instead, this ...Missing: collapse | Show results with:collapse
  76. [76]
    Andrew Forrest delays Global Rapid Rugby to 2020 - ESPN UK
    Jan 31, 2019 · Billionaire mining magnate Andrew Forrest has decided to postpone his Global Rapid Rugby competition to 2020.
  77. [77]
    Sport: Pacific players in limbo after Global Rapid Rugby cancels ...
    Feb 1, 2019 · A host of Pacific rugby players face an uncertain future after the Global Rapid Rugby competition cancelled its inaugural season, ...Missing: collapse | Show results with:collapse
  78. [78]
    Andrew Forrest - Wikipedia
    John Andrew Henry Forrest AO (born 18 November 1961), nicknamed Twiggy, is an Australian businessman. He is best known as the former CEO of Fortescue Metals ...Fortescue (company) · Nicola Forrest · Sof Forrest · John Forrest
  79. [79]
    Medical MDMA focus for Forrest's new $250m health tech fund - AFR
    Aug 15, 2022 · The Forrests invested $5 million in medicinal cannabis and psychedelic drug developer Emyria in November, and through Tenmile executive chairman ...Missing: Allied | Show results with:Allied
  80. [80]
    Our leaders - Minderoo Foundation
    Andrew and Nicola Forrest founded Minderoo Foundation in 2001 and continue to drive its philanthropic mission today.Missing: date | Show results with:date
  81. [81]
    Allan Myers AC, KC appointed incoming Chair of Minderoo ...
    Oct 17, 2024 · Andrew and Nicola founded Minderoo Foundation in 2001 and continue to drive its philanthropic mission today. In a joint statement, the Forrests ...Missing: date | Show results with:date
  82. [82]
    Andrew and Nicola Forrest donate $5b to their Minderoo charity - AFR
    Jun 20, 2023 · The donation takes Minderoo's endowment to about $7.6 billion from $2.6 billion, with the foundation expected to release a long-term strategy ...Missing: size | Show results with:size
  83. [83]
    Forrest-backed Minderoo to become bigger philanthropic force - AFR
    Apr 23, 2024 · The total endowment now stands at about $10 billion based on increases in the Fortescue share price, dividend payments and other investments.Missing: size | Show results with:size
  84. [84]
    Fortescue's Forrest transfers $3.39 billion stake to his charitable ...
    Jun 21, 2023 · Fortescue Metals said on Wednesday Executive Chairman Andrew Forrest had transferred ownership worth about A$5 billion ($3.39 billion) in ...Missing: initial | Show results with:initial<|separator|>
  85. [85]
    Andrew, Nicola Forrest step down from Minderoo Foundation, a year ...
    Oct 16, 2024 · In a statement, the Minderoo Foundation said Andrew and Nicola Forrest would remain as non-executive directors. abc.net.au/news/andrew ...
  86. [86]
    [PDF] Minderoo Foundation Annual Report 2021
    Dec 13, 2021 · In 2021, Minderoo committed a further $12.2 million alongside significant additional funding from the Commonwealth Government to support the ...<|separator|>
  87. [87]
    Andrew and Nicola Forrest make extraordinary gift to Minderoo ...
    Jun 30, 2023 · Andrew and Nicola Forrest have committed an additional A$5 billion to their philanthropic foundation Minderoo, through a donation of 220 million Fortescue ...Missing: size dividends
  88. [88]
    [PDF] generation one - indigenous employment network
    Generation One seeks to create employment parity with and for Indigenous Australians within one generation. INDIGENOUS. EMPLOYMENT. NETWORK. GENERATION ONE. ••.
  89. [89]
    [PDF] generation one - backing black business - Minderoo Foundation
    Generation One works to help close the employment gap through its work in employment, self-employment (Indigenous entrepreneurship) and social policy reform.
  90. [90]
    Indigenous Employment: The Australian Government's Contribution ...
    Jun 26, 2013 · The Covenant is a national, industry-led initiative designed to facilitate connections between Indigenous job seekers, employers and Commonwealth‐funded ...
  91. [91]
    Twiggy Forrest 'smashes' target of $1bn in contracts to Indigenous ...
    Aug 5, 2013 · Mining magnate says the government must now provide training for workers to thrive in newly created jobs.Missing: initiative | Show results with:initiative
  92. [92]
    Andrew Forrest on generating Indigenous employment - ABC listen
    Mar 1, 2017 · Andrew Forrest's Generation One started in 2010 with the goal of creating 50,000 jobs for Indigenous Australians over 10 years.Missing: initiative | Show results with:initiative
  93. [93]
    [PDF] Creating Parity - National Indigenous Australians Agency
    These solutions are not expensive and parity is completely achievable with the strength of will from each of us. Andrew Forrest. Page 2. © Commonwealth of ...<|separator|>
  94. [94]
    Forrest links mining royalties to Indigenous misery - AFR
    Sep 1, 2021 · Andrew Forrest has lashed out at destruction of culture and social problems in Aboriginal communities he says are dependent on welfare funds ...
  95. [95]
    Forrest calls for dole ban for Indigenous drop outs - YouTube
    Feb 11, 2014 · Mining magnate Andrew "Twiggy Forrest" has also weighed into the discussion, calling for the dole to be banned for indigenous teenagers who ...Missing: welfare | Show results with:welfare
  96. [96]
    Woort Koorliny: Australian Indigenous Employment Index 2022
    May 24, 2022 · Measures of success for Indigenous employment outcomes extend beyond the number of people employed, and include retention, safety, progression, ...Missing: metrics jobs
  97. [97]
    Minderoo Indigenous Employment Index - Murawin
    76% of employers have Indigenous employment targets, of which only 67% report regularly on progress. Organisations that reported regularly on progress had more ...Missing: metrics | Show results with:metrics
  98. [98]
    [PDF] Indigenous Employment Program Evaluation Final Report
    Indigenous employment programs in Australia display a history of starting from Western conceptions. This coincides with a history of inadequacy in realising the ...
  99. [99]
    Andrew Forrest's Indigenous job plans are a 'massive social ...
    Oct 10, 2014 · Andrew Forrest's report on Indigenous employment and welfare makes incorrect assertions, is unbalanced and would be conducting a “massive social experiment” on ...
  100. [100]
    [PDF] Academic perspectives on The Forrest review: creating parity
    The Review suggests that economic disadvantage among Indigenous Australians is principally reducible to behavioural problems. According to this view, there are ...
  101. [101]
    Forrest report ignores what works and why in Indigenous policy
    Aug 4, 2014 · His proposal to extend 'income management' – that attempt at controlling how welfare recipients spend their money which has proven so divisive ...Missing: views | Show results with:views<|separator|>
  102. [102]
    National Indigenous Employment Index - Goodstart Early Learning
    May 31, 2022 · The average Indigenous employment rate across surveyed employers is 2.2 per cent compared to the general population share of 3.3 per cent ...<|separator|>
  103. [103]
    [PDF] THE GLOBAL SLAVERY INDEX 2023 - Walk Free
    ... Andrew Stone (Hopeland), Commonwealth ... Walk Free is the creator of the Global Slavery Index, the world's most comprehensive data set on modern slavery.
  104. [104]
    40 million slaves in the world, finds new report - CNN
    Sep 20, 2017 · 40 million people were victims of modern slavery in 2016 – and one in four of those were children, according to a new report.
  105. [105]
    What's Wrong with the Global Slavery Index? - Anti-Trafficking Review
    Apr 27, 2017 · Can global modern slavery be footprinted for corporate due diligence? A data review and analysis. Journal of Industrial Ecology, 29(4), 1077.
  106. [106]
    [PDF] Commonwealth Modern Slavery Act 2018 - Guidance for reporting ...
    The United Nations (UN) and Walk Free Foundation estimate that in 2021 there were approximately 49.6 million victims of modern slavery around the world. 10.
  107. [107]
    Importing risk | Walk Free
    G20 countries are importing more than US$468 billion worth of products at risk of being produced with forced labour, compared to US$354 billion estimated in ...
  108. [108]
    [PDF] Harnessing the Power of Business to End Modern Slavery | Walk Free
    We know that slavery, servitude, forced labour and human trafficking (Modern. Slavery) is a global and growing issue given the rapid rise in global migration, ...Missing: side | Show results with:side
  109. [109]
    The global slavery index is based on flawed data - The Guardian
    Nov 28, 2014 · The index embodies and perpetuates a comforting belief that slavery is all about bad individuals doing bad things to good people.
  110. [110]
    The Global Slavery Index: seduction and obfuscation
    Dec 4, 2014 · The Global Slavery Index is critically flawed: compromised by a weak methodology, unverified assumptions and multiple errors of fact and logic.
  111. [111]
    https://s3-us-west-2.amazonaws.com/legacy.seaaroundus/newspapers/2018/The%2BAustralian%2B-%2BAugust%2B1%252C%2B2018%2B-%2BForrest%2Bdonates%2B%2524100m%2Bto%2Bhelp%2Bsave%2Bmarine%2Blife.pdf
  112. [112]
    [PDF] TheNation Forrest donates $100m to help save marine life
    Mar 29, 2019 · ... Andrew Forrest will donate $100 million to establish the Minderoo Ocean Research initiative to protect global marine life. Mr Forrest said ...
  113. [113]
    New research centre to accelerate ocean conservation
    Nov 24, 2022 · The Minderoo OceanOmics Centre at The University of Western Australia brings together the latest advances in DNA sequencing and analysis of environmental DNA.
  114. [114]
    Game-changing partnership for ocean biodiversity - Ministers
    Mar 1, 2023 · As part of the two-year project, multiple oceanographic expeditions will be conducted along the Western Australia coastline and the Indian Ocean ...
  115. [115]
    Minderoo Foundation commits $10 million for marine protection
    The Minderoo Foundation has announced a $10 million commitment to financing for marine protected areas (MPAs), aimed at reversing habitat and species loss.Missing: 2019 | Show results with:2019
  116. [116]
    The Panthalassa project: The future of ocean research for ...
    Sep 3, 2020 · A novel sampling tool for surveying pelagic wildlife in offshore marine reserves. Ecosphere, 6, 1–29. 10.1890/ES14-00380.1
  117. [117]
    About the Foundation
    The Foundation was established in 2014 following one of the largest ever philanthropic donations in Australian history by Andrew and Nicola Forrest through the ...Missing: co- | Show results with:co-<|separator|>
  118. [118]
    Funding Partners | Zero Childhood Cancer
    “The vision of the Zero Childhood Cancer Program is simple and inspiring: reduce childhood cancer deaths to zero.” -Dr Andrew Forrest AO, Minderoo Foundation ...
  119. [119]
    Media releases - Minderoo Foundation
    Dr Andrew Forrest welcomes UK commitment to ban bottom trawling in marine protected areas. Minderoo Foundation has welcomed a UK government proposal to ban ...
  120. [120]
    Dr Andrew Forrest with a message to President Donald J. Trump
    Sep 24, 2025 · ... the impact of climate change on coral reefs. “I see reefs that are over 90 percent dead. That's a real tragedy. I see it and experience it ...Missing: Barrier | Show results with:Barrier
  121. [121]
    Minderoo helps bring latest Attenborough film to the big screen with ...
    May 6, 2025 · Dr Forrest, who holds a PhD in marine ecology from the University of Western Australia, said Ocean with David Attenborough would help expose the ...Missing: observation | Show results with:observation
  122. [122]
    Metals and Minerals - Page 8 - The New York Times
    At a Climate Forward live event, the billionaire Andrew Forrest urged President Trump to visit Australia to see the effects of climate change. By Evan ...
  123. [123]
    Fortescue chairman Forrest doubles down on renewables ... - Reuters
    Sep 26, 2025 · Fortescue also said it would deploy a fleet of 300 to 400 battery-powered mining trucks capable of hauling 240-metric-ton loads, with deliveries ...Missing: electric | Show results with:electric
  124. [124]
    Andrew 'Twiggy' Forrest labels Coalition push for nuclear energy ...
    Feb 26, 2024 · The mining billionaire Andrew “Twiggy” Forrest has labelled the Coalition's push for nuclear energy “bulldust” and a “new lie” that would delay the clean ...
  125. [125]
    Andrew Forrest slams fossil fuel industry and Coalition for nuclear ...
    Feb 25, 2024 · Andrew Forrest slams fossil fuel industry and Coalition for nuclear energy 'bulldust' ... Play video. Has Video Duration: 11 minutes 50 seconds.
  126. [126]
    Andrew Forrest attacks Coalition's nuclear "bulldust" and betraying ...
    Feb 26, 2024 · “These misinformed, unscientific, uneconomic plucked out of thin air, bulldust nuclear policies, [from] politicians masquerading as leaders, ...
  127. [127]
    Is Andrew Forrest's energy dream in peril? The future of green ...
    Jul 19, 2024 · The iron ore billionaire Andrew Forrest has long vowed to transform Australia's energy landscape with green hydrogen made from renewable energy.
  128. [128]
    Andrew Forrest concedes he won't meet green hydrogen targets, but ...
    Jul 17, 2024 · Andrew Forrest dials down his ambitious green hydrogen targets for 2030 - but still intends to reach "real zero" for his iron ore operations ...
  129. [129]
    Andrew Forrest brings in new supplier to help make 400 giant ...
    Sep 26, 2025 · Fortescue brings in Chinese supplier to help deliver the up to 400 giant 240-tonne electric haul trucks needed to take its iron ore ...
  130. [130]
    Aussie billionaire Andrew Forrest has been included in the list of the ...
    Apr 16, 2025 · Between 2010 and 2019, Forrest's company, Fortescue Metals Group, donated over $6 million to political parties, with the majority of donations ...
  131. [131]
    Forrest breaks with big miners to push for tax credit overhaul - AFR
    Jun 5, 2025 · The Andrew Forrest-founded mining giant has begun lobbying key government figures to reform the diesel credit system.
  132. [132]
    Forrest slams Swan over mining tax 'war' - ABC News
    Mar 22, 2012 · Mining magnate Andrew Forrest has hit back at Federal Treasurer Wayne Swan's description of him as "greedy and irresponsible".Missing: influence | Show results with:influence
  133. [133]
    Twiggy Forrest's philanthropy is great. But he could have just paid ...
    May 24, 2017 · In 2013, Forrest and FMG challenged the mining tax in the high court. They lost. In 2014-15, FMG generated $9.1bn in sales on a taxable income ...
  134. [134]
    Why Twiggy Forrest should have got behind a super profits tax
    Apr 6, 2015 · All worth considering in light of Andrew Forrest's recent controversial call for a cap on iron ore production. The RSPT proposed by the Rudd ...
  135. [135]
    Twiggy's sticking to his MRRT story, so it's time for a miner history ...
    Jun 15, 2011 · Will Andrew Forrest succeed in his push to change the mining tax? Others have succeeded in the past. AAP. https://theconversation.com/twiggys ...Missing: influence | Show results with:influence
  136. [136]
    They're rich, unelected and shaping public policy - ABC News
    Aug 10, 2015 · Both Gina Rinehart and Andrew Forrest fronted up publicly against the mining tax, with Forrest in particular pumping public sentiment against it ...Missing: donations | Show results with:donations
  137. [137]
    Fortescue axes two green hydrogen projects after Trump ...
    Jul 24, 2025 · The iron ore magnate Andrew Forrest's Fortescue company has cancelled two major green hydrogen projects, laying some of the blame on the ...
  138. [138]
    In Davos, an Australian mining boss presses industries to go green
    Jan 19, 2024 · Andrew Forrest, a blunt Australian billionaire who made his fortune in iron ore mining, stood out among the heads of emissions-spewing industries.
  139. [139]
    Andrew Forrest: TIME100 Climate 2024 - Time Magazine
    Nov 12, 2024 · Australian billionaire Andrew Forrest is one of the business world's most prominent climate advocates. He is head of the global mining company Fortescue.
  140. [140]
    An Australian Magnate's Challenge to President Trump
    Oct 2, 2025 · At a Climate Forward live event, the billionaire Andrew Forrest urged President Trump to visit Australia to see the effects of climate change.
  141. [141]
    'Sue me': Forrest says Trump is telling lies on climate - AFR
    Sep 25, 2025 · The Australian billionaire has accused the US president of lying about global warming as he pilloried the White House's pivot from ...
  142. [142]
    'Utter bulldust': Twiggy hammers Trump over climate change - 9News
    Sep 26, 2025 · Australian billionaire Andrew "Twiggy" Forrest has slammed Donald Trump's "bulldust" on climate change, insinuating the US president is too ...
  143. [143]
    Forrest: Multilateralism Key To Greening Heavy Industry
    Sep 25, 2025 · Andrew Forrest, Executive Chairman & Founder, Fortescue; Founder, Minderoo Foundation & Tattarang discusses the future of green shipping and ...
  144. [144]
    Andrew Forrest's philanthropic foundation condemns China's ...
    Feb 8, 2021 · Australian billionaire previously called out for not criticising abuse despite Minderoo Foundation campaigning against slavery.
  145. [145]
    Forrest group Walk Free warns of slavery threat in Australia's solar ...
    May 23, 2023 · A human rights group funded by mining magnate Andrew Forrest has warned of the rapidly rising risks of modern slavery and forced labour in the world's ...Missing: demand- | Show results with:demand-
  146. [146]
    Forrest met YAC leader in a park to conclude $1b dispute - AFR
    Apr 16, 2024 · The Federal Court had granted exclusive native title over 2700 square kilometres in the iron ore-rich Pilbara. This in effect recognises the ...
  147. [147]
    Andrew Forrest's Fortescue Metals Group loses appeal against ...
    Oct 18, 2019 · Mining magnate Andrew Forrest faces a compensation fight after losing an appeal against a WA native title ruling over a huge tract of ore-rich ...
  148. [148]
    Pilbara native title case: the fight to decide if Fortescue pays ...
    Aug 26, 2023 · The Yindjibarndi people say WA and Andrew Forrest's mining company must pay for the destruction of sacred country and community.Missing: disputes | Show results with:disputes
  149. [149]
    Cultural losses key to $1.8b damages claim by Pilbara traditional ...
    Feb 26, 2025 · Lawyers for Fortescue Metals Group say a $1.8 billion compensation request for cultural loss levelled by Pilbara traditional owners is based ...
  150. [150]
    Elder's community 'torn apart' by native title dispute with Andrew ...
    Aug 9, 2023 · A Pilbara elder has told the Federal Court that the hurt and anger triggered by a long-running native title with Andrew Forrest's Fortescue Metals Group (FMG) ...
  151. [151]
    Claims that Twiggy Forrest has purposely manipulated a Pilbara ...
    There has been an eight year conflict between Andrew (Twiggy) Forrest's mining company, Fortescue Metals Group, and Yindjibarndi Aboriginal Corporation, the ...
  152. [152]
    Indigenous employment in the Australian mining industry - UQ eSpace
    Oct 4, 2022 · There has been limited research on the actual outcomes of mining employment for Indigenous workers and the effectiveness of employment ...
  153. [153]
    The Trouble With Twiggy - Kyle Staude - Medium
    Sep 6, 2020 · Despite leaning on the rhetoric of individual responsibility, what Forrest really believes in is paternalism: It's not OK for First Nations ...
  154. [154]
    Nyamal elder blasts mining royalty system at FMG ... - ABC News
    Oct 31, 2022 · Mr Forrest has previously blamed mining royalties and the welfare system for social issues in Aboriginal communities.
  155. [155]
    Indigenous Participation in Mining: Partnerships & Benefits
    May 7, 2025 · Five comprehensive participation agreements with local First Nations · 75% Indigenous employment sustained since 2003 · $3.8 billion in local ...
  156. [156]
    Fortescue's Exodus Gathers Pace as Third Executive Departs
    Aug 31, 2023 · Former Reserve Bank of Australia deputy governor Guy Debelle on Friday became the third executive to resign this week.Missing: chaos | Show results with:chaos
  157. [157]
    Fortescue announces abrupt exit of CEO Fiona Hick and delivers ...
    Aug 27, 2023 · Analysts quizzed Fortescue on the reasons for the high-level change, only to be told it was a planned move and part of an expedited appointment.
  158. [158]
    Fortescue Says Goodbye to Yet Another Senior Executive - The Assay
    Julie Shuttleworth, the global growth director of Fortescue (ASX: FMG), has become the latest in a series of senior executives to leave the company.Missing: chaos | Show results with:chaos
  159. [159]
    Fortescue co-CEO exits, raising governance concerns | Reuters
    Aug 27, 2023 · Executive chairman Andrew Forrest, who has been taking a greater role speaking to stakeholders on results, was absent from the earnings call. " ...Missing: outbursts | Show results with:outbursts
  160. [160]
    Andrew Forrest cleared of wrongdoing after Fortescue ordered ...
    Jul 16, 2023 · Fortescue executive chair Andrew Forrest, one of Australia's wealthiest business people, has been cleared of wrongdoing following an investigation.Missing: departures chaos
  161. [161]
    A rough year for Australia's Fortescue - Mining Technology
    Nov 7, 2023 · After that an FMG whistleblower wrote an anonymous tipoff letter, accusing Fortescue ... Andrew Forrest, of inappropriate behaviour in the ...
  162. [162]
    FMG's corporate governance is 'super tight', Forrest declares, amid ...
    you've seen on that board, the diversity on that board, the majority of non-executives, we run a very tight ship .
  163. [163]
    Fortescue Overhauls Executive Team to Align Mining - KOSEC
    May 26, 2025 · The leadership shake-up disclosed includes the departure of Mark Hutchinson as CEO of Fortescue Energy and Chief Operating Officer Shelley ...
  164. [164]
    Fortescue emissions rise 12pc as clock ticks on 2030 carbon promise
    Aug 26, 2025 · Otranto said emissions would probably rise again in the year ahead but fall when diesel-powered trucks were replaced by low-emissions vehicles.
  165. [165]
    Twiggy Forrest whitewashes his own green emissions - AFR
    Even when announcing a 12 per cent increase in greenhouse gas emissions by Fortescue, Andrew Forrest still rates his own courage and climate leadership.
  166. [166]
    Fortescue walks back hydrogen focus in new decarbonisation plan
    The company said the latest climate transition plan “refines Fortescue's path to its Real Zero Target and demonstrates the progress Fortescue ...
  167. [167]
    Fortescue Targets Zero Mining Emissions by 2030 → Industry
    Sep 23, 2025 · Operational Emissions (FY25) → 3.02 mtCO₂-e (Fortescue's combined Scope 1 and 2 emissions for the 2024-25 financial year). Renewable Energy ...
  168. [168]
    Fortescue signs decarb-focused agreements as it rejigs battery ...
    Sep 26, 2025 · Fortescue signs decarb-focused agreements as it rejigs battery-electric truck build plans. Posted on 26 Sep 2025. As part of a partnership-led ...
  169. [169]
    How Australia ended up with 10 million more COVID-19 tests to help ...
    Apr 29, 2020 · Coalition MPs lined up to criticise Mr Forrest for inviting the Chinese Consul General to speak at the podium, accusing him of undermining the ...
  170. [170]
    Greg Hunt blindsided as Chinese consul-general crashes press ...
    Apr 29, 2020 · Billionaire miner Andrew Forrest has been accused of ambushing the Australian government after he parachuted one of China's top diplomats ...
  171. [171]
    'Take a chill pill': Andrew Forrest defends inviting Chinese consul ...
    Apr 30, 2020 · Mining magnate Andrew Forrest has laughed off criticism for inviting the Chinese consul-general to speak at a government press conference in Melbourne.
  172. [172]
    US judge orders Meta to explain 230000 scam ads using Andrew ...
    Mar 19, 2025 · In August, Californian Judge Casey Pitts dismissed Meta's appeal in what Clarke described as a “crucial victory” in Forrest's legal battle. Meta ...
  173. [173]
    Australian mining magnate Andrew Forrest can sue Meta over ...
    Jun 18, 2024 · A US judge has rejected Meta Platforms' bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements.
  174. [174]
    Holding Platforms Accountable: Andrew Forrest v. Meta and Its ...
    Feb 24, 2025 · Although the Australian criminal case ended, Forrest's civil lawsuit in the U.S. is still active. Filed in California's Northern District Court, ...
  175. [175]
    Andrew Forrest slams Israel over Gaza aid stalemate - The Australian
    Jun 22, 2024 · Andrew Forrest has accused Israel of “dithering” over his proposal to try to open up the flow of aid into Gaza, warning that up to one million ...Missing: anti- backlash
  176. [176]
    Australian Jewish Association - X
    Jul 3, 2024 · Billionaire Andrew Forrest's recently went on a strange anti-Israel rant where he claimed that a million Arabs could starve to death because of Israel.Missing: backlash | Show results with:backlash
  177. [177]
    Aussie billionaire announces $18 million in aid for Gaza as 'children ...
    Oct 4, 2024 · An Aussie billionaire has announced plans to donate US $12.5 million ($18 million) to Gaza in an effort to address critical food, water and sanitation problems.Missing: anti- comments backlash
  178. [178]
    Billionaire Andrew 'Twiggy' Forrest hits back after inviting Chinese ...
    Apr 29, 2020 · Billionaire Andrew Forrest has hit back after being slammed for letting a Chinese diplomat 'hijack' a ministerial press conference.
  179. [179]
    Andrew Forrest - Business News
    Dr Andrew (Twiggy) Forrest AO is a prominent mining entrepreneur and philanthropist. He is the founder and executive chair of ASX company Fortescue Metals ...
  180. [180]
    2017 Great Australian Philanthropy Award Winner: Andrew Forrest ...
    Oct 9, 2017 · The award encourages personal philanthropic donations over a period of time by an individual or family to Australian health and medical research ...
  181. [181]
    The 100 Most Influential Climate Leaders in Business 2024 | TIME
    TIME100 Climate: TIME's list of the 100 most influential leaders ... Andrew Forrest. Executive Chairman and Founder, Fortescue. Andrew Savage. Vice ...
  182. [182]
    Dr Andrew Forrest AO - ABC listen
    In 2017, he was appointed an Officer of the Order of Australia for distinguished service to the mining sector, a year later he was inducted into the Australian ...
  183. [183]
    Andrew Forrest - Agenda Contributor - The World Economic Forum
    May 25, 2022 · In 2017, Dr Forrest was appointed an Officer of the Order of Australia (AO) for distinguished service to philanthropy, mining, employment ...Missing: 2004 | Show results with:2004
  184. [184]
    Forbes World's Billionaires List 2025: The Top 200
    Apr 1, 2025 · Andrew Forrest & family | Net worth: $ 14.4 Billion | Age: 63 | Country/Territory: Australia | Industry: Metals & Mining. Andrew Forrest ...
  185. [185]
    Mining giant accused of destroying more than a hundred cultural sites
    Oct 22, 2024 · Archaeologists working for Fortescue and an Indigenous group they're fighting in court have accused the mining giant of destroying more than a hundred heritage ...<|control11|><|separator|>
  186. [186]
    Andrew and Nicola Forrest confirm break-up, insist 'no impact' on ...
    Jul 12, 2023 · The Forrests have split after more than three decades of marriage; They say there will be no impact on the operations of FMG or Tattarang; The ...
  187. [187]
    Nicola Forrest to become Australia's second-richest woman after ...
    Jul 12, 2023 · Australia's wealthiest couple, Andrew and Nicola Forrest, have separated after more than three decades of marriage, but they say the split will not affect ...
  188. [188]
    Andrew and Nicola Forrest split: Who are their children, Sophia ...
    Grace, Sophia and Sydney.
  189. [189]
    Nicola Forrest spotted with new boyfriend in Europe - AFR
    Sep 22, 2025 · Nicola and Twiggy have unwound some of their financial interests given their separation, but many are still linked. They still co-own their ...<|separator|>
  190. [190]
    Why Andrew and Nicola Forrest's children will miss out on billions as ...
    Jul 13, 2023 · Their three children Grace, Sydney and Sophia are still set to be cut from their inheritance following the announcement, with the $35 billion ...
  191. [191]
    In the Forrest family empire, it's all a matter of trust - AFR
    Jul 19, 2023 · Andrew and Nicola Forrest's sprawling private empire was incorrectly applying a key clause of the Corporations Act for years.
  192. [192]
    Why Andrew and Nicola Forrest's children won't be inheriting their ...
    Jul 13, 2023 · Andrew and Nicola Forrest have been vocal about not leaving their billions for their children, Grace, Sophia and Sydney, to inherit.
  193. [193]
    Andrew "Twiggy" Forrest Treats Himself To Private Jet Worth $98 ...
    Nov 9, 2021 · Dr Andrew “Twiggy” Forrest has ditched his 25-year-old set of wings to take delivery on his long-awaited Bombardier Global Express 7500 private jet.Missing: interests | Show results with:interests
  194. [194]
    power, privacy and privilege in the world of Australian superyachts
    Mar 24, 2023 · No matter who ultimately owns them, private yachts are likely to be flying ... Andrew Forrest's 58.2-metre Pangaea Ocean Explorer – which ...Missing: interests | Show results with:interests
  195. [195]
    Forrest's faith – and his mysterious keys to heaven | Herald Sun
    Oct 28, 2013 · He grew up in a family of Anglicans, but the Forrests were not overtly religious.<|separator|>
  196. [196]
    China's $2.4 Billion Gift To Aussie Miners Andrew and Nicola Forrest
    Jul 22, 2025 · The higher iron ore price has lifted the value of the Forrest's jointly owned 1.13 billion Fortescue shares to $13 billion, up $2.4 billion ...
  197. [197]
    Fortescue Annual Profit Falls 41% On Weaker Iron-Ore Prices
    Aug 25, 2025 · Fortescue on Tuesday reported a 41% fall in annual net profit and pared its dividend, reflecting lower iron-ore prices as China's real-estate ...Missing: fluctuations | Show results with:fluctuations
  198. [198]
    Gina Rinehart rockets back to top of AFR rich list as pandemic ...
    Oct 30, 2020 · Gina Rinehart, $28.89bn · Andrew Forrest, $23bn · Anthony Pratt and family, $19.75bn · Hui Wing Mau, $18.06bn · Mike Cannon-Brookes, $16.93bn.
  199. [199]
    Fortescue Metals posts $14b profit on iron ore boom, Australian ...
    Aug 29, 2021 · The final dividend will add about $2.4 billion to the wealth of the company's chairman and biggest shareholder Andrew Forrest, who is Australia ...Missing: worth | Show results with:worth
  200. [200]
    Forrest mega-gift to cajole other billionaires to give more - AFR
    Jun 21, 2023 · The $5 billion donation from Andrew and Nicola Forrest to their Minderoo Foundation will likely serve as a powerful exemplar for Australia's ...<|separator|>
  201. [201]
    Australia's 50 Richest 2025 - Forbes Australia
    Mining mogul Andrew Forrest, the second-richest person last year and the year before, slipped to fifth place as his Fortescue Metals Group shares fell by more ...
  202. [202]
    Pledger List - The Giving Pledge
    The Giving Pledge is a promise by the world's wealthiest philanthropists to give the majority of their wealth to charitable causes in their lifetime or wills.
  203. [203]
    Andrew Forrest secures iconic Kimberley cattle stations as $30 ...
    Dec 4, 2020 · After almost six months, the $30 million sale of two iconic Kimberley cattle stations to billionaires Andrew and Nicola Forrest has been finalised.Missing: yachts | Show results with:yachts
  204. [204]
    Andrew Forrest buys up three cattle stations for 5GW renewable ...
    Apr 8, 2022 · Fortescue Future Industries has purchased three cattle stations in WA's northwest on which it plans to construct the 5.4GW Uaroo Renewable Energy Hub.Missing: lifestyle | Show results with:lifestyle
  205. [205]
    ANDREW FORREST: The Visionary Behind Fortescue Metals Group
    ANDREW FORREST • Net Worth $17 Billion • House • Yacht • Private Jet • Fortescue Metals Group ; Source of Wealth: Fortescue Metals Group ; Born: July 5, 1961.Missing: aviation | Show results with:aviation