Veytics Intelligence
2026-09-23 · Yahoo

Inside Fortescue’s billion-dollar bet to decarbonize mining—and help rebuild Ukraine

By Andrew Forrest's account, the childhood bullying he suffered at the hands of bigger kids explains a lot about how his life has turned out. Growing up on a remote cattle ranch in Western Australia, "I was a very skinny kid. I got the nickname 'Twiggy,' " Forrest says in a hotel in London. "I used to have to stand up to bullies." Forrest never stopped fighting powerful forces. Now 64, the executive chairman of $17 billion iron ore giant Fortescue is intent on upturning age-old practices in the heavily polluting $3 trillion mining industry. He's waged a five-year legal fight against Meta over deepfake ads that used his image to promote a crypto scam and other sham investments on Facebook.

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