Andrew Forrest, the Australian mining magnate and philanthropist, has been actively engaged in various ventures and initiatives as of September 2025. Here are some of the notable developments:
1. Fortescue’s Response to Emissions Target Modelling
Fortescue Metals, led by Forrest, has publicly criticized the Business Council of Australia’s (BCA) modelling on the costs of achieving a 70% emissions reduction by 2035. The company argues that the BCA’s report underestimates the economic opportunities of clean energy investments and lacks transparency regarding its assumptions. Fortescue’s CEO, Dino Otranto, emphasized that many businesses support strong climate targets, but fossil fuel companies are hindering progress. The Guardian
2. Minderoo Foundation’s Donation to the Australia Institute
Forrest’s philanthropic organization, the Minderoo Foundation, made an undisclosed donation to the Australia Institute, a progressive think tank. The donation has raised concerns about transparency in funding influential advocacy groups. The Australia Institute stated that it protects donor privacy to prevent targeting. The Guardian
3. Investment in Rare Earths Mining
Forrest’s private company, Wyloo, has applied for mining permits in a significant Western Australian wetland area, previously abandoned by K+S Salt Australia. The move has sparked debates about environmental conservation and the economic potential of rare earths mining. ABC
4. Support for Ukraine
The Minderoo Foundation has surpassed AU$30 million in support for Ukraine, with Forrest announcing an additional US$5 million contribution. This aid aims to assist in Ukraine’s recovery and resilience efforts. minderoo.org
5. Legal Dispute with ExxonMobil
Forrest has been named in a defamation lawsuit filed by ExxonMobil in Texas. The oil and gas giant alleges that Forrest orchestrated smear campaigns against the fossil fuel sector to advance his own commercial interests. The West Australian
