Andrew Forrest: Difference between revisions
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==Career== |
==Career== |
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He was educated at the [[Christ Church Grammar School]] and [[Hale School]] in [[Perth, Western Australia|Perth]], and after graduating from the [[University of Western Australia]] with a double major in economics and politics, worked as a stock broker at [[Stockbroker|broking house]] Jacksons. In his early 30s, he became the founding CEO of Anaconda Nickel (now [[Minara Resources]]). Although this project experienced teething problems during commissioning and attracted intense criticism, it has since grown to be one of Australia's single largest mineral exporters with its giant [[Murrin Murrin Joint Venture]] [[nickel]] project. |
at the age of 1 years old He was educated at the [[Christ Church Grammar School]] and [[Hale School]] in [[Perth, Western Australia|Perth]], and after graduating from the [[University of Western Australia]] with a double major in economics and politics, worked as a stock broker at [[Stockbroker|broking house]] Jacksons. In his early 30s, he became the founding CEO of Anaconda Nickel (now [[Minara Resources]]). Although this project experienced teething problems during commissioning and attracted intense criticism, it has since grown to be one of Australia's single largest mineral exporters with its giant [[Murrin Murrin Joint Venture]] [[nickel]] project. |
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In 2003, he took control of Allied Mining and Processing and renamed it Fortescue Metals Group.<ref>''Herald Sun'' newspaper, Melbourne]. 6 August 2005</ref> Since then, the company has grown to possess three times the tenements of its nearest rival in Western Australia's [[iron ore]] rich [[Pilbara]] region. Fortescue holds major deposits at Mount Nicholas, Christmas Creek, Cloudbreak, and Tongolo. |
In 2003, he took control of Allied Mining and Processing and renamed it Fortescue Metals Group.<ref>''Herald Sun'' newspaper, Melbourne]. 6 August 2005</ref> Since then, the company has grown to possess three times the tenements of its nearest rival in Western Australia's [[iron ore]] rich [[Pilbara]] region. Fortescue holds major deposits at Mount Nicholas, Christmas Creek, Cloudbreak, and Tongolo. |
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Revision as of 22:47, 23 October 2011
Andrew John Forrest | |
|---|---|
| Born | |
| Occupation(s) | non-executive Chairman, Fortescue Metals Group |
Andrew Forrest (born 1961) also known by his nickname "Twiggy", is a Western Australian mining entrepreneur, former chief executive officer, non-executive chairman, and the major shareholder of Fortescue Metals Group. Between 28 December 2007 and 3 October 2008, he was Australia's richest man.[2]
Career
at the age of 1 years old He was educated at the Christ Church Grammar School and Hale School in Perth, and after graduating from the University of Western Australia with a double major in economics and politics, worked as a stock broker at broking house Jacksons. In his early 30s, he became the founding CEO of Anaconda Nickel (now Minara Resources). Although this project experienced teething problems during commissioning and attracted intense criticism, it has since grown to be one of Australia's single largest mineral exporters with its giant Murrin Murrin Joint Venture nickel project.
In 2003, he took control of Allied Mining and Processing and renamed it Fortescue Metals Group.[3] Since then, the company has grown to possess three times the tenements of its nearest rival in Western Australia's iron ore rich Pilbara region. Fortescue holds major deposits at Mount Nicholas, Christmas Creek, Cloudbreak, and Tongolo.
In 2007, he took control of a Niagara Mining, which owns tenements around Laverton, Western Australia, the site of the famous 1969 Poseidon nickel boom.[4]
On 18 February 2011, the Federal Court of Australia upheld an appeal by the Australian Securities and Investment Commission, finding that Fortescue Metals Group and Forrest engaged in misleading and deceptive conduct and breached the continuous disclosure provisions in the Commonwealth Corporations Act 2001.[5] Fortescue is appealing against the decision.[6]
During his tenure at Fortescue, Forrest has been recognised for his work on the issue of indigenous disadvantage.[7] However, some indigenous activists have accused Forrest of engaging in questionable methods of land acquisition.[8][9]
Personal life
Forrest is the youngest son of Donald and Judith Forrest. He is the great-great nephew of former Premier John Forrest.[10] His early years were spent as a jackaroo on the family station at Mindaroo in the Pilbara.[11][12]
His great-grandfather, David Forrest, was the manager and (with his brothers John and Alexander, and Septimus Burt[13][14][15]) part-owner of Minderoo Station, and was MLA for the seat of Ashburton for 2 years.[16]
The Minderoo station was owned by the Forrest family until it was sold in 1998 by Donald,[17] but it was bought back by Andrew in 2009.[18][19]
Forrest is married with three children.
Philanthropy
In 2009, Forrest opened Hale School's new Teaching and Learning precinct including a new Library Resource Centre, named The Forrest Library in recognition of the contributions made by the Forrest family to the School.
In 2008, Forrest met with Australia's then PM Kevin Rudd in request of some financial backing from the Federal Government for his plan to employ 50,000 Aborigines.[20]
Andrew Forrest is also an Ambassador of the Australian Indigenous Education Foundation.[21]
References
- ^ www.smh.com.au Rich executives lose billions
- ^ WA Business news 19 August 2007
- ^ Herald Sun newspaper, Melbourne]. 6 August 2005
- ^ "Magnate's new Poseidon adventure". The Sydney Morning Herald. 14 April 2007.
- ^ http://www.lexology.com/library/detail.aspx?g=c3462ced-4169-4e80-95f6-74fbc94b6e7e
- ^ http://www.theaustralian.com.au/business/it-was-a-tough-job-says-daloisio/story-e6frg8zx-1226030332717
- ^ http://www.abc.net.au/lateline/content/2008/s2323690.htm
- ^ Yindjibarndi Protests
- ^ FMG's Great Native Title Swindle
- ^ Stewart, Cameron (2008) The Accidental Billionaire The Weekend Australian Magazine 24–25 May 2008, p23
- ^ West Australian newspaper. 22 November 2005
- ^ ABC Television "Dynasties"
- ^ Erickson, Rica (1988). The Bicentennial Dictionary of Western Australians pre-1829 - 1888. Vol. II, D–J. University of Western Australia Press. p. 1094. ISBN 0855642734.
- ^ Black, David; Bolton, Geoffrey (1990). Biographical Register of Members of the Parliament of Western Australia. Vol. One, 1870–1930. p. 74. ISBN 0 7316 9782 0.
- ^ Muir, Alison & Dinee (1982). Forrest Family, Pioneers of Western Australia, 1842–1982. J.R. Muir & Son. p. 101. ISBN 0959288309.
- ^ Screams in the night spur magnate into action
- ^ http://www.abc.net.au/dynasties/txt/s1489302.htm
- ^ http://www.fionalake.com.au/blog/news/andrew-forrest-buys-back-minderoo-the-cattle-station-he-grew-up-on
- ^ http://fw.farmonline.com.au/news/state/agribusiness-and-general/general/forrest-buys-back-the-family-farm/1576509.aspx
- ^ WA Today article on Forrest and Aborigines
- ^ "Our People". Australian Indigenous Education Foundation. 2011. Retrieved 2011-09-07.