Damn slunk.
Just a small excerpt from the attached AFR article which is behind a paywall.Damn slunk.
and the funniest thing I've read in years . Vintage
Andrew Forrest, insane in the membrane
The mining billionaire exhibits all the signs of a man hanging onto reality by a very thin thread.www.afr.com
Thanks for excerpting the highlight, gg. I was tossing around whether to put up a bit of content, and I think those two paragraphs just about nail it.
Check out the half year results webcast, it’s shows that despite what the cynics in the media say, they are actually working in quite a rational way and having each project compete for capital.
Sounds like the pich fork mob have found another target, mass meeting has been call in the village square, all journo's invited. ?
I remember a good solid 5 year period when the pitch fork Mob went after another crazy man who thought that just because he made some money on the internet he could build a successful car company based on EV’s as well as a space business based on reusable self landing rockets…. Oh wait he actually did those things despite the negative media.Sounds like the pich fork mob have found another target, mass meeting has been call in the village square, all journo's invited. ?
Poor old Twiggy, from hero to zero, in record time. ?
IDH, but try to stay unemotional.
Whoever is right or wrong @Value Collector, and you may very well be correct in your assessment, there is no doubt in anyone's mind that FMG suffers from Key Man Risk.
Disney is about 50 x times larger since Walt Died
Very true GG, but that is true for a lot of companies, how many times have we seen companies do really well, then there is a change of manager and it all goes pear shaped.
That's the thing with wokism, there is no limitWith compo decision looming, Andrew Forrest hits back
Fortescue chief Andrew Forrest tells Joe Aston that the best way of compensating traditional owners is with work. The traditional owners don’t agree.www.afr.com
So Forrest tries to get this good green social image but it is not enough.
Not until he changes skin colour ,sex, gives all his wealth to DV and LGBTQxxxx support group ,and blow his brain and compost his body.
It should be a lesson to the flock of business men trying to leverage ESC..there is no limit and you will never do enough.our politicians should learn as well...
Fast forward to the 50:15 minute mark of this video, If you want to see what Andrew is talking about when he says it’s better for the aboriginal communities if Fortescue provides training, guaranteed jobs and contracts as part of the compensation rather than straight cash.
I get the impression of "just show me the money, and plenty of it. Work why bother when the Cargo Cult is alive and well"
I am a tad wary of geothermal talk in OZ.And there are a couple more international projects being investigated and assessed .
Fortescue’s Holmaneset green project gains ground
Fortescue Future Industries (FFI), a global green energy company, has advanced its Holmaneset project in Norway to the next phase, providing potential for the development of a 300 MW green hydrogen and green ammonia facility and supporting infrastructure.
In partnership with local Norwegian consultants, and in consultation with the Bremanger Municipality, FFI completed a scoping study to identify potential locations for the development of green energy and port facilities, and the Holmaneset project site was identified as one of them.
Fortescue's Holmaneset green project gains ground
Fortescue Future Industries (FFI) has advanced its green energy Holmaneset project in Norway to the next phase.www.offshore-energy.biz
Baker Hughes, FFI to jointly pursue hydrogen, ammonia and geothermal projects
January 31, 2023, by Ajsa Habibic
Energy technology company Baker Hughes has signed a memorandum of understanding (MoU) with Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, to collaborate on decarbonisation of hard-to-abate industries.
View attachment 154356Courtesy of Baker Hughes
Under the MoU, Baker Hughes and FFI will jointly explore potential opportunities for the scale-up and adoption of novel technology solutions for green hydrogen, green ammonia and geothermal projects.
For hydrogen and ammonia development, the collaboration will leverage Baker Hughes’ expertise and technology related to liquefaction and compression, turboexpanders and hydrogen-fueled turbines.
For geothermal, Baker Hughes will provide its expertise for existing technologies in geothermal subsurface analysis, geothermal well services, emissions measurement, monitoring and carbon reinjection, as well as digital solutions for asset performance management and process optimisation.
“FFI and Baker Hughes share ambitions for transforming and accelerating the energy transition”, said Lorenzo Simonelli, Chairman and CEO of Baker Hughes. “Our portfolio of technologies can help place both companies at the forefront of tackling climate change with practical and implementable solutions. We are excited to support FFI in its ambitions for a more sustainable future.”
Mark Hutchinson, CEO of Fortescue Future Industries, added: “There is enormous demand for green hydrogen and green energy, and engineering solutions such as those pioneered by Baker Hughes are vital to increasing supply. We look forward to working with Baker Hughes on a variety of projects that will help to enable industries and the world to move beyond fossil fuels.”
Baker Hughes, FFI to jointly pursue hydrogen, ammonia and geothermal projects
Baker Hughes has signed an MoU with Fortescue Future Industries (FFI) to collaborate on decarbonisation of hard-to-abate industries.www.offshore-energy.biz
I did a quick search, it was sometime after 2011 when they first partnered with Greenrock energy ( have a look at this article here where the boss of Pacific hydro talks about their investments in geotherm prior to this MOU.
