Business

Fortescue’s Iron Bridge project in WA
Business
Daniel Newell

Fortescue’s AI bet as it trims payout after Iron Bridge blow

Andrew Forrest’s Fortescue has trimmed its final payout to investors after booking a hefty fall in statutory net profit following a big write down in the value of its trouble-plagued Iron Bridge project.

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Wesfarmers and SQM's Mt Holland lithium venture.

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The supermarket giant is hiking the price of a household staple as its suppliers face ongoing fuel-related supply chain and operational cost pressures.

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Companies
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Consumers are being urged to shop around for the best grocery deals, though Australia’s third-largest supermarket offers the greatest overall value.

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Australia
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Markets

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Emeco boss Ian Testrow.
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Santos boss Kevin Gallagher has been the sector’s most vocal critic of the Albanese Government’s gas reservation plans.

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Financial expert Rachel Cole has cautioned against panic selling investment properties as housing tax changes loom.

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Mining

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Outgoing Northern Star CEO Stuart Tonkin

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BHP’s Olympic Dam copper mine in South Australia.
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Joe Hockey says Jim Chalmers’ May Budget was ‘the worst in history’.

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The Iron Bridge magnetite project has been plagued with issues even before it started production.

Fortescue flags $1.1b writedown over troubled Iron Bridge

Mining
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Energy

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Santos boss Kevin Gallagher has been the sector’s most vocal critic of the Albanese Government’s gas reservation plans.

No major Santos project decisions for years after PNG FID

Energy
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The war on Iran is hitting US partners Australia and New Zealand among those racking up billions of dollars in higher fuel import costs after prices spiked with the closure of the Strait of Hormuz.

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