Ian Sayson, Author at Forbes Australia

Billionaire Andrew Forrest’s Fortescue orders $400 million electric mining fleet

Billionaire Andrew Forrest’s Fortescue is deepening investments to decarbonise the iron ore giant’s mining fleet with the purchase of $400 million of emissions free heavy mining equipment from China’s XCMG.

Fortescue to spend $2.8 billion to electrify mining fleet

Billionaire Andrew Forrest’s Fortescue is stepping up efforts to decarbonize the world’s fourth-biggest iron ore miner by market cap with the purchase of $2.8 billion worth of electric-powered mining equipment.