118-479: John Andrew Henry Forrest AO (born 18 November 1961), nicknamed Twiggy , is an Australian businessman. He is best known as the former CEO (and current non-executive chairman ) of Fortescue Metals Group (FMG), and has other interests in the mining industry and in cattle stations . With an assessed net worth of A$ 33.29 billion according to the Financial Review 2023 Rich List , Forrest
236-562: A $ 9.2 billion expansion in 2014. 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 an interest and a directorship in Niagara Mining Limited, renamed Poseidon Nickel Limited, which had in 2006 acquired from WMC
354-528: A 33% to 40% recovery of magnetite by weight, to produce a concentrate grading in excess of 64% iron by weight. The typical magnetite iron ore concentrate has less than 0.1% phosphorus , 3–7% silica , and less than 3% aluminium . As of 2019, magnetite iron ore is mined in Minnesota and Michigan in the United States , eastern Canada , and northern Sweden . Magnetite-bearing banded iron formation
472-696: A benchmark to be followed by the rest of the industry. Singapore Mercantile Exchange (SMX) has launched the world's first global iron ore futures contract, based on the Metal Bulletin Iron Ore Index (MBIOI) which uses daily price data from a broad spectrum of industry participants and independent Chinese steel consultancy and data provider Shanghai Steelhome's widespread contact base of steel producers and iron ore traders across China. The futures contract has seen monthly volumes over 1,500,000 t (1,500,000 long tons; 1,700,000 short tons) after eight months of trading. This move follows
590-561: A challenge to take the prime ministership in September 2015. Two months after coming into office, the new republican prime minister announced that the Queen had approved his request to amend the Order's letters patent and cease awards at this level. Existing titles would not be affected. The move was attacked by monarchists and praised by republicans. The amendments to the constitution of
708-647: A complaint with the Human Rights and Equal Opportunity Commission that Forrest's comment was racist and vilified the community. Forrest has been publicly accused of engaging in questionable methods of land acquisition, and has had accusations levelled at his company for failing Indigenous trainees at FMG's vocational training centre in Port Hedland. In 2013, Forrest was chosen to lead an Australian Government review into Indigenous employment and training programs. Delivered on 1 August 2014 with 27 recommendations,
826-656: A deal with Pakistan to do away with more than two million slaves in return for cheap coal. Forrest founded the Global Freedom Network that the Pope , the Archbishop of Canterbury , and the Grand Imam of al-Azhar lead. The Global Freedom Network works to stop all religious faiths from using organisations involved with slavery in their supply chain . When I heard the news [that all parties had agreed to
944-676: A further A$ 655 million to expand the existing work of the Minderoo Foundation in areas including cancer research, early childhood development, ocean health, and eliminating modern slavery, the largest ever living donation by any Australian philanthropist. In 1991, Forrest married Nicola Maurice who grew up on a farm in central western New South Wales ; the family raised sheep and cattle and grew wheat. They have four children, including Sophia . In July 2023, after 31 years of marriage, Andrew and Nicola announced their separation. This will not affect their company. Forrest purchased
1062-632: A meeting held in the Vatican, being a Joint Religious Leaders Declaration Against Modern Slavery. The anti-slavery declaration was signed by Pope Francis , Mata Amritanandamayi , Justin Welby , Thích Nhất Hạnh , K. Sri Dhammananda , David Rosen , Ecumenical Patriarch Bartholomew , Abraham Skorka , Mohamed Ahmed El-Tayeb , Mohammad Taqi al-Modarresi , Basheer Hussain al-Najafi , and Omar Abboud – religious leaders representing forms of Christianity, Judaism, Islam, Hinduism and Buddhism. Welby,
1180-589: A member of the British Empire, members of the colonies and later federated nation of Australia were able to have achievement awarded under the British Imperial Honours system . However, existing criticism of the aristocratic nature of the awards grew following a cash-for-honours corruption scandal in the UK in 1922. Moves to abolish the awards federally and the states were unsuccessful; however
1298-618: A more equitable and positive environment for others to thrive in." After stepping down as chief executive officer of FMG, Forrest noted that he had been spending more than 50% of his time on Indigenous philanthropy. Forrest became an ambassador for the Australian Indigenous Education Foundation . Encouraged by the philanthropy of the Rockefeller Group , Warren Buffett , and Melinda and Bill Gates , Andrew and Nicola Forrest established
SECTION 10
#17327723722261416-706: A new tournament called the Indo Pacific Rugby Championship which would include the Western Force and five other teams from the Indo-Pacific region. For the 2018 season, the competition was launched as World Series Rugby , played as a series of exhibition matches as the precursor to a wider Asia-Pacific competition planned for 2019. The competition was rebranded in November 2018 as Global Rapid Rugby . A season of fourteen matches
1534-424: A premium price. Due to the high density of hematite relative to associated silicate gangue, hematite beneficiation usually involves a combination of beneficiation techniques. One method relies on passing the finely-crushed ore over a slurry containing magnetite or other agent such as ferrosilicon which increases its density. When the density of the slurry is properly calibrated, the hematite will sink and
1652-453: A relatively low-grade ore, they are also inexpensive to collect, as they do not have to be mined. Because of this, companies such as Magnetation have started reclamation projects where they use iron ore tailings as a source of metallic iron. The two main methods of recycling iron from iron ore tailings are magnetizing roasting and direct reduction. Magnetizing roasting uses temperatures between 700 and 900 °C (1,292 and 1,652 °F) for
1770-585: A representation of the states (with whom Whitlam's government was constantly in dispute) through the state badges within the Commonwealth Coat of Arms . The original three-level structure of the Order of Australia was modelled closely upon the Order of Canada , though the Order of Australia has been awarded rather more liberally, especially in regard to honorary awards to non-citizens. As of July 2024 only 30 non-Canadians have been appointed to
1888-554: A single flower of mimosa . At the centre is a ring, representing the sea, with the word Australia below two branches of mimosa. The whole disc is topped by the Crown of St Edward . The AC badge is decorated with citrines , blue enamelled ring, and enamelled crown. The AO badge is similar, without the citrines. For the AM badge, only the crown is enamelled, and the OAM badge is plain. The AK/AD badge
2006-616: A source of iron ore. Prior to the industrial revolution, most iron was obtained from widely-available goethite or bog ore , for example, during the American Revolution and the Napoleonic Wars . Historically, much of the iron ore utilized by industrialized societies has been mined from predominantly hematite deposits with grades of around 70% Fe. These deposits are commonly referred to as "direct shipping ores" or "natural ores". Increasing iron ore demand, coupled with
2124-606: A switch to index-based quarterly pricing by the world's three largest iron ore miners— Vale , Rio Tinto , and BHP —in early 2010, breaking a 40-year tradition of benchmark annual pricing. Iron is the most abundant element on earth but not in the crust. The extent of the accessible iron ore reserves is not known, though Lester Brown of the Worldwatch Institute suggested in 2006 that iron ore could run out within 64 years (that is, by 2070), based on 2% growth in demand per year. Geoscience Australia calculates that
2242-418: A time of under 1 hour to produce an iron concentrate (Fe 3 O 4 ) to be used for iron smelting. For magnetizing roasting, it is important to have a reducing atmosphere to prevent oxidization and the formation of Fe 2 O 3 because it is harder to separate as it is less magnetic. Direct reduction uses hotter temperatures of over 1,000 °C (1,830 °F) and longer times of 2–5 hours. Direct reduction
2360-655: A typically titanium -bearing magnetite, often with vanadium . These ores form a niche market, with specialty smelters used to recover the iron, titanium, and vanadium. These ores are beneficiated essentially similarly to banded iron formation ores, but usually are more easily upgraded via crushing and screening . The typical titanomagnetite concentrate grades 57% Fe, 12% Ti, and 0.5% V 2 O 5 . For every one ton of iron ore concentrate produced, approximately 2.5–3.0 tons of iron ore tailings will be discharged. Statistics show that there are 130 million tons of iron ore tailings discharged every year. If, for example,
2478-659: A value of $ 2.3 billion. 46% of Canada's iron ore comes from the Iron Ore Company of Canada mine, in Labrador City , Newfoundland , with secondary sources including the Mary River Mine in Nunavut . According to the U.S. Geological Survey's 2021 Report on iron ore, India is estimated to produce 59,000,000 t (58,000,000 long tons; 65,000,000 short tons) of iron ore in 2020, placing it as
SECTION 20
#17327723722262596-527: A year, he quit stockbroking and got into nickel mining by founding Anaconda Nickel. He became the founding CEO of Anaconda Nickel in 1993, after buying a stake in the company. However, in 2001 he was ousted as CEO when the company almost collapsed. US bondholders received $ 0.26 for each dollar of debt in the restructuring. The company's shares fell by 89% before it was taken over by Glencore and renamed Minara Resources . In April 2003, he took control of Allied Mining and Processing, which had rights to iron ore in
2714-511: Is a high-volume, low-margin business, as the value of iron is significantly lower than base metals. It is highly capital intensive, and requires significant investment in infrastructure such as rail in order to transport the ore from the mine to a freight ship. For these reasons, iron ore production is concentrated in the hands of a few major players. World production averages 2,000,000,000 t (2.0 × 10 long tons; 2.2 × 10 short tons) of raw ore annually. The world's largest producer of iron ore
2832-434: Is a registered charity, whose stated purpose is "[t]o celebrate and promote outstanding Australian citizenship". It also supports the "community and social activities" of members and promotes and encourages the nomination of other Australians to the Order. The Order also runs a foundation that provides scholarships to tertiary students that show potential as future leaders and are involved in community activities. Branches of
2950-686: Is an adjunct professor at the Chinese Southern University and a fellow of the Australasian Institute of Mining & Metallurgy . He is a former director of Australia's Export Finance and Insurance Corporation and the Chamber of Minerals and Energy of Western Australia , and former chairman of Athletics Australia . He has addressed the Queensland University of Technology , and Christians in
3068-428: Is expected to rise by a CAGR of 2% between 2023 and 2027, and industry analyst Fitch Solutions forecasted in 2021 that Brazil's annual production will reach 592,000,000 t (583,000,000 long tons; 653,000,000 short tons) by 2030. In 2017, Canadian iron ore mines produced 49,000,000 t (48,000,000 long tons; 54,000,000 short tons) of iron ore in concentrate pellets and 13.6 million tons of crude steel. Of
3186-510: Is followed by Japan and Korea, which consume a significant amount of raw iron ore and metallurgical coal . In 2006, China produced 588,000,000 t (579,000,000 long tons; 648,000,000 short tons) of iron ore, with an annual growth of 38%. Over the last 40 years, iron ore prices have been decided in closed-door negotiations between the small handful of miners and steelmakers which dominate both spot and contract markets. Until 2006, prices were determined in annual benchmark negotiations between
3304-464: Is how he came to develop a relationship with Ian Black, whose Aboriginal father, Scotty, became Forrest's mentor. Forrest went on to the University of Western Australia where he majored in economics and politics . After graduating, Forrest worked as a stockbroker at the brokerage houses Kirke Securities and Jacksons. After noticing that the demand for stainless steel was rising at 4 per cent
3422-603: Is in the iron ranges around Lake Superior . These iron ranges occur in Minnesota and Michigan, which combined accounted for 93% of the usable iron ore produced in the United States in 2014. Seven of the nine operational open pit mines in the United States are located in Minnesota as well as two of the three tailings reclamation operations. The other two active open pit mines were located in Michigan . In 2016, one of
3540-473: Is issued with each badge of the order at the time of investiture; AK/AD and AC lapel pins feature a citrine central jewel, AO and AM lapel pins have a blue enamelled centre and OAM lapel pins are plain. The different levels of the order are awarded according to the recipients' levels of achievement: Since 1976 any Australian citizen may nominate any person for an Order of Australia award. People who are not Australian citizens may be awarded honorary membership of
3658-563: Is likely to feel a bit second-rate, and the public is likely to agree. We hate to be the first to say it, but there is no doubt that the Order of Australia (OA) will be labelled as the Ocker Award. Satire and mockery also greeted the awards, being dubbed "Gough’s Gongs" and "the Order of the Wombat". The newly elected Liberal Fraser government decided to once again make recommendations for imperial awards, whilst maintaining and expanding
Andrew Forrest - Misplaced Pages Continue
3776-583: Is made up of several business divisions: Fiveight, Harvest Road , Squadron Energy, Tenmile, Wyloo Metals, Z1Z, and Akubra . Following SANZAAR 's decision to reduce the number of Super Rugby teams for 2018 , the Australian Rugby Union (now Rugby Australia ) announced in August 2017 that Perth-based rugby team Western Force would be one of the teams cut from the 2018 competition. In the following month, Forrest announced that he would create
3894-709: Is mined extensively in Brazil as of 2019, which exports significant quantities to Asia , and there is a nascent and large magnetite iron ore industry in Australia . Direct-shipping iron ore (DSO) deposits (typically composed of hematite ) are currently exploited on all continents except Antarctica , with the largest intensity in South America , Australia, and Asia. Most large hematite iron ore deposits are sourced from altered banded iron formations and (rarely) igneous accumulations. DSO deposits are typically rarer than
4012-485: Is similar to that of the AC badge, but with the difference that it contains at the centre an enamelled disc bearing an image of the coat of arms of Australia . The colours of royal blue and gold are taken from the livery colours of the Commonwealth Coat of Arms , the then national colours . The star for knights and dames is a convex golden disc decorated with citrines, with a blue royally crowned inner disc bearing an image of
4130-463: Is the raw material used to make pig iron , which is one of the main raw materials to make steel —98% of the mined iron ore is used to make steel. In 2011 the Financial Times quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except perhaps oil ". Metallic iron is virtually unknown on
4248-481: Is the Brazilian mining corporation Vale , followed by Australian companies Rio Tinto Group and BHP . A further Australian supplier, Fortescue Metals Group Ltd, has helped bring Australia's production to first in the world. The seaborne trade in iron ore—that is, iron ore to be shipped to other countries—was 849,000,000 t (836,000,000 long tons; 936,000,000 short tons) in 2004. Australia and Brazil dominate
4366-425: Is used to produce sponge iron (Fe) to be used for steel-making. Direct reduction requires more energy, as the temperatures are higher and the time is longer and it requires more reducing agent than magnetizing roasting. Lower-grade sources of iron ore generally require beneficiation , using techniques like crushing, milling , gravity or heavy media separation , screening, and silica froth flotation to improve
4484-467: Is usually found in the form of magnetite ( Fe 3 O 4 , 72.4% Fe), hematite ( Fe 2 O 3 , 69.9% Fe), goethite ( FeO(OH) , 62.9% Fe), limonite ( FeO(OH)·n(H 2 O) , 55% Fe), or siderite ( FeCO 3 , 48.2% Fe). Ores containing very high quantities of hematite or magnetite, typically greater than about 60% iron, are known as natural ore or direct shipping ore , and can be fed directly into iron-making blast furnaces . Iron ore
4602-717: Is what I'm here to do." Forrest established the Walk Free Foundation in 2010 to fight modern slavery . In 2013 the organisation launched the Global Slavery Index ranking 162 countries "based on a combined measure of three factors: estimated prevalence of modern slavery by population, a measure of child marriage , and a measure of human trafficking in and out of a country". The Index estimates there are 29 million slaves worldwide, roughly half in India and Pakistan . In January 2014, Forrest announced
4720-488: The Australian Labor Party remained opposed and generally refused to recommend awards whilst in office, with this a part of the party's platform since 1918. This was confirmed in a resolution adopted unanimously by the party conference in 1921. However, the non-Labor parties remained supportive, with the long running Menzies government making significant use of the imperial system. The Order of Australia
4838-786: The Chichester Range , the Hamersley Range and Koolyanobbing , Western Australia . Other types of ore are coming to the fore recently, such as oxidised ferruginous hardcaps, for instance laterite iron ore deposits near Lake Argyle in Western Australia. The total recoverable reserves of iron ore in India are about 9,602,000,000 t (9.450 × 10 long tons; 1.0584 × 10 short tons) of hematite and 3,408,000,000 t (3.354 × 10 long tons; 3.757 × 10 short tons) of magnetite . Chhattisgarh , Madhya Pradesh , Karnataka , Jharkhand , Odisha , Goa , Maharashtra , Andhra Pradesh , Kerala , Rajasthan , and Tamil Nadu are
Andrew Forrest - Misplaced Pages Continue
4956-466: The Council for the Order of Australia . Members of the government are not involved in the recommendation of appointments, other than for military and honorary awards. The King of Australia is the sovereign head of the order, and the governor-general is the principal companion and chancellor of the order. The governor-general's official secretary , Paul Singer (appointed August 2018), is secretary of
5074-602: The Earth 's surface except as iron-nickel alloys from meteorites and very rare forms of deep mantle xenoliths . Although iron is the fourth-most abundant element in the Earth's crust , composing about 5%, the vast majority is bound in silicate or, more rarely, carbonate minerals, and smelting pure iron from these minerals would require a prohibitive amount of energy. Therefore, all sources of iron used by human industry exploit comparatively rarer iron oxide minerals, primarily hematite . Prehistoric societies used laterite as
5192-458: The Kimberley region of Western Australia for over A$ 30 million. In 2005, a medical equipment distribution company called Allied Medical was spun out of Fortescue Metals Group. Forrest was a director of the company. In June 2011, Allied Medical, of which Forrest owned a 46 percent stake in, was acquired by biotechnology company BioMD. Forrest retained an approximate 17–18 percent stake in
5310-564: The Pilbara region of Western Australia is approximately 844,000,000 t (831,000,000 long tons; 930,000,000 short tons) per year and rising. Gavin Mudd ( RMIT University ) and Jonathon Law ( CSIRO ) expect it to be gone within 30–50 years and 56 years, respectively. These 2010 estimates require ongoing review to take into account shifting demand for lower-grade iron ore and improving mining and recovery techniques (allowing deeper mining below
5428-558: The Pilbara region south of Onslow . Minderoo was owned by the Forrest family until it was sold in 1998 by his father due to relentless drought and debt, but it was bought back by Forrest in 2009. Forrest was educated at Onslow Primary School and through the School of the Air before moving to Perth to attend Christ Church Grammar School and then Hale School . He stuttered as a child, which
5546-407: The silicate mineral fragments will float and can be removed. Iron is the world's most commonly used metal—steel, of which iron ore is the key ingredient, represents almost 95% of all metal used per year. It is used primarily in structures, ships, automobiles, and machinery. Iron-rich rocks are common worldwide, but ore-grade commercial mining operations are dominated by the countries listed in
5664-420: The 13,600,000 t (13,400,000 long tons; 15,000,000 short tons) of steel 7,000,000 t (6,900,000 long tons; 7,700,000 short tons) was exported, and 43,100,000 t (42,400,000 long tons; 47,500,000 short tons) of iron ore was exported at a value of $ 4.6 billion. Of the iron ore exported, 38.5% of the volume was iron ore pellets with a value of $ 2.3 billion, and 61.5% was iron ore concentrates with
5782-474: The 435 people who have received the nation's top Order of Australia honours since they were first awarded in 1975, shows they disproportionately attended a handful of elite Victorian secondary schools. Scotch College alumni received the highest number of awards, with 19 former students receiving Australia's [then] highest honour". On 26 January 1980 the Order of Australia Association was created as an incorporated body with membership open to award recipients. It
5900-591: The 58.2-metre (191 ft) superyacht Pangaea in 2018. Built by US shipyard Halter Marine in 1999, the yacht is registered in Montego Bay , Jamaica. Forrest turned the yacht into an ocean research vessel for the Minderoo Foundation, with multiple laboratories and specialist research equipment installed since its purchase. In December 2015, Forrest purchased the heritage-listed Tukurua mansion in Cottesloe for $ 16 million. The Forrest family housed refugees at
6018-691: The 62–64% Fe range. Granite and ultrapotassic igneous rocks were sometimes used to segregate magnetite crystals and form masses of magnetite suitable for economic concentration. A few iron ore deposits, notably in Chile , are formed from volcanic flows containing significant accumulations of magnetite phenocrysts . Chilean magnetite iron ore deposits within the Atacama Desert have also formed alluvial accumulations of magnetite in streams leading from these volcanic formations. Some magnetite skarn and hydrothermal deposits have been worked in
SECTION 50
#17327723722266136-527: The Archbishop of Canterbury, urged consumers to demand more information about whether forced labour was involved in goods they bought. As of September 2007, Forrest had injected A$ 90 million into his children's charity. Philanthropic activity has included gifts to his alma mater , Hale School ; participation in the St Vincent de Paul Society CEO sleepouts; and a gift from the proceeds of
6254-648: The Australian Children's Trust in 2001. Through the influence of Scotty Black, Forrest started the GenerationOne project, with assistance from James Packer and Kerry Stokes , who each donated A$ 2 million, along with the support of their respective media stations, Channel 9 and Channel 7 . GenerationOne and the Australian Children's Trust help to create sustainable solutions on addressing social disadvantage. With Kevin Rudd , Forrest launched
6372-600: The Australian Employment Covenant, that campaigned for businesses to hire Indigenous Australians, as they could "add value" to Australian businesses because they were "professional and reliable and wonderful" and that there is no reason for Indigenous disparity. GenerationOne ran a series of television advertisements privately funded by Forrest, Packer and Stokes. Between 2008 and 2011, Forrest obtained 253 business signatories to his covenant. With Rudd, Forrest planned to employ 50,000 Aboriginal people. As
6490-557: The Marketplace. He gave the 2020 Boyer Lecture to outline a case for hydrogen energy and ways to manage human impacts on the oceans. Andrew and Nicola Forrest made The Giving Pledge in 2013, stating: "We hope to help empower individuals and families currently suffering the despair of poverty, slavery and the lack of opportunity for themselves and their children. We feel that if we all do whatever we can with whatever we have, large or small, then each of us will help make our world
6608-891: The Minderoo Foundation (focusing on education and Indigenous Australians ) or the Walk Free Foundation (focusing on ending modern slavery ), both of which he established. Forrest has been accused of avoiding paying company tax, having revealed in 2011 that Fortescue had never paid company tax. John Andrew Henry Forrest was born on 18 November 1961 in Perth , Western Australia, the youngest of three children of Judith (née Fry) and Donald Forrest. His father, grandfather ( Mervyn ), and great-grandfather ( David ) were all managers of Minderoo Station , which David had established in 1878 with his brothers, Alexander and John . John, Alexander, David, and Mervyn were all members of parliament for periods, with John serving as Western Australia's first premier . Forrest's early years were spent at Minderoo, located in
6726-509: The Order of Australia for distinguished service to the mining sector, to the development of employment and business opportunities, as a supporter of sustainable foreign investment, and to philanthropy. In 2019 Forrest was awarded a PhD in Marine Science from the University of Western Australia , and has a strong interest in maintaining the health of the oceans. Forrest is well-connected in political, business, and sporting circles. He
6844-418: The Order of Australia and the award of 199 Honorary Medals of the Order of Australia. Notable honorary awards include: Since 1975, just over 30 per cent of recipients of an Order of Australia honour have been women. The number of nominations and awards for women is trending up, with the 2023 Australia Day Honours resulting in the highest percentage of awards for women to date (47.1 per cent, 47.9 per cent in
6962-597: The Order of Australia. This was done by with the addition of two additional award levels: Knight or Dame (AK or AD) above the level of Companion, and the Medal of the Order of Australia (OAM) below Members. The Civil Division was also renamed the General Division, so that awards could be given to those in the Defence Force for non-military achievement. These changes were made on 24 May 1976. The reaction to
7080-486: The Order of Canada, while 537 non-Australians have been appointed to the Order of Australia, with 46 to the Companion level. Public reaction to the new awards was mixed. Only the state Labor governments of Tasmania and South Australia agreed to submit recommendations for the new awards, with the remaining governments affirming their committent to the existing imperial honours system. Newspaper editorials similarly praised
7198-498: The Order were gazetted on 22 December 2015. Yvonne Kenny AM represented the Order at the 2023 Coronation . King Charles III , when he was Prince of Wales , was appointed a Knight of the Order of Australia (AK) on 14 March 1981. As he is not an Australian citizen, even though he was the heir to the Australian throne at the time, this would have required the award to be honorary. To overcome this issue, his appointment
SECTION 60
#17327723722267316-594: The Order would be determined by the Council of the Order of Australia. Awards of the Order of Australia are sometimes made to people who are not citizens of Australia to honour extraordinary achievements. These achievements, or the people themselves, are not necessarily associated with Australia, although they often are. On 1 July 2024, the Australian Honours website listed appointments for 46 Honorary Companions, 118 Honorary Officers, 174 Honorary Members of
7434-748: The Pilbara, and renamed it Fortescue Metals Group (FMG). He remains a major shareholder of FMG, through his private company, The Metal Group. One of Forrest's initial mines in the Pilbara produced and shipped $ 50 billion worth in iron ore, without ever providing compensation or receiving permission from the Yindjibarndi people to carry out mining on their land. The operations in the area destroyed about 250 cultural and sacred sites. Fortescue made its first iron ore shipment to China in May 2008. Fortescue increased its capacity to 155 million tonnes per annum through
7552-441: The Queen to reinstate the level of knight or dame and the Queen co-signed letters patent to bring this into effect. The change was publicly announced on 25 March, and gazetted on 17 April 2014. Up to four knights or dames could be appointed each year, by the Queen of Australia on the advice of the prime minister after consultation with the chairman of the Order of Australia Council. Five awards of knight and dame were then made, to
7670-429: The United States is estimated to have accounted for 2% of the world's iron ore output. In the United States there are twelve iron ore mines, with nine being open pit mines and three being reclamation operations. There were also ten pelletizing plants, nine concentration plants, two direct-reduced iron (DRI) plants, and one iron nugget plant that were operating in 2014. In the United States the majority of iron ore mining
7788-707: The Windara nickel deposits near Laverton, Western Australia . Forrest described the Gillard government proposed Minerals Resource Rent Tax (MRRT) as "economic vandalism" and a "mad dog's breakfast" that would drive up foreign resource ownership. He stated he would challenge it in the High Court as being unconstitutional , as it discriminates against states, and fails to appropriately capture big producers BHP Billiton and Rio Tinto. WA premier Colin Barnett has stated
7906-511: The association are in all the states and territories of Australia as well as the UK and the USA. Total inductees as of July 2024 . The order of wearing Australian and other approved honours is determined by the government. The award is parodied in the play Amigos , where the central character is determined to be awarded the AC, and uses persuasion, bribery and blackmail in his (ultimately successful) attempts to get himself nominated for
8024-502: The award to Prince Philip in a ReachTEL poll. The Australian Labor Party continued to oppose knighthoods and damehoods. Leader of the opposition Bill Shorten stated in March 2014 that the party would again discontinue the level if it were to win the next Australian federal election. The knighthood decision was a significant factor that caused Liberal party members to question Abbott's leadership, with Malcolm Turnbull succeeding in
8142-460: The award. During the 1996 season of the popular television programme Home and Away , the character Pippa Ross was awarded a Medal of the Order of Australia for her years of service as a foster carer. Iron ore Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron
8260-411: The awards as an example of Australia's greater independence, whilst also noting that the awards would likely appear second-rate. The Australian stated that There is no longer a British Empire; everyone knows that. But somehow the phrase "imperial honours" still carries a ring of regal authenticity that somehow transcends nationalism. For the time being a recipient ... of the Order of Australia
8378-519: The changes to the awards were similarly split along party lines. Following the 1983 federal election , Labor Prime Minister Bob Hawke recommitted to the end of recommendations for imperial awards. No knighthoods were awarded during his first term in office and he advised the abolition of the knight/dame level after being re-elected in 1986. During the time the division was active from 1976 to 1983, twelve knights and two dames were created. On 19 March 2014, monarchist prime minister Tony Abbott advised
8496-463: The coat of arms of Australia. The ribbon of the order is royal blue with a central stripe of mimosa blossoms. Awards in the military division are edged with 1.5 mm golden bands. AKs, male ACs and AOs wear their badges on a necklet and male AMs and OAMs wear them on a ribbon on the left chest. Women usually wear their badges on a bow on the left shoulder, although they may wear the same insignia as males if so desired. A gold lapel pin for daily wear
8614-556: The combined company, Allied Healthcare Group, after the takeover. Allied Healthcare Group eventually became structural heart company Anteris Technologies . Forrest has an Australian Centenary Medal , Australian Sports Medal , was awarded the 2017 Western Australian of the Year Award , and the 2018 EY Entrepreneur of the Year Alumni Social Impact Award. In 2017 Forrest was appointed an Officer of
8732-411: The concentration of the ore and remove impurities. The results, high-quality fine ore powders, are known as fines. Magnetite is magnetic , and hence easily separated from the gangue minerals and capable of producing a high-grade concentrate with very low levels of impurities. The grain size of the magnetite and its degree of commingling with the silica groundmass determine the grind size to which
8850-533: The country's " economic demonstrated resources " of iron currently amount to 24 gigatonnes , or 24,000,000,000 t (2.4 × 10 long tons; 2.6 × 10 short tons). Another estimate places Australia's reserves of iron ore at 52,000,000,000 t (5.1 × 10 long tons; 5.7 × 10 short tons), or 30% of the world's estimated 170,000,000,000 t (1.7 × 10 long tons; 1.9 × 10 short tons), of which Western Australia accounts for 28,000,000,000 t (2.8 × 10 long tons; 3.1 × 10 short tons). The current production rate from
8968-584: The depletion of high-grade hematite ores in the United States, led after World War II to the development of lower-grade iron ore sources, principally the use of magnetite and taconite . Iron ore mining methods vary by the type of ore being mined. There are four main types of iron ore deposits worked currently, depending on the mineralogy and geology of the ore deposits. These are magnetite, titanomagnetite , massive hematite, and pisolitic ironstone deposits. The origin of iron can be ultimately traced to its formation through nuclear fusion in stars, and most of
9086-463: The exception of awards recommended by the soon to be independent government of the Territory of Papua and New Guinea ); however this did not affect the constitutional right of state governments to recommend imperial awards. According to the governor general's then-secretary Sir David Smith , Whitlam was furious when he first saw Devlin's design for the insignia of the order, due to the inclusion of
9204-442: The gangue is separated during the beneficiation process and is removed as tailings . Taconite tailings are mostly the mineral quartz , which is chemically inert. This material is stored in large, regulated water settling ponds. The key parameters for magnetite ore being economic are the crystallinity of the magnetite, the grade of the iron within the banded iron formation host rock, and the contaminant elements which exist within
9322-489: The general division). Advocacy groups such as Honour a Woman and the Workplace Gender Equality Agency have called for greater effort to be made to reach equal representation of men and women in the order. In December 2010, The Age reported a study of the educational backgrounds of all people who had received Knight/Dame and Companion level awards at that time. It reported: "An analysis of
9440-406: The government take Forrest's mining tax grievance to heart. In August 2021, it was announced that Forrest would receive a $ 2.4 billion dividend on Fortescue's record profit. Tattarang is the holding company for the Forrest family’s private business interests. Tattarang invests in a diverse range of businesses across agri-food, energy, health technology, property, resources, and lifestyle. The group
9558-683: The governments of each respective state and territory, and three ex officio members (the chief of the Defence Force , the vice-president of the Federal Executive Council and a public servant responsible for honours policy). The Council chair as of August 2024 is Shelley Reys. The Council makes recommendations to the governor-general. Awards are announced on Australia Day and on the King's Birthday public holiday in June, on
9676-586: The governor-general to remove an individual from the order, who may cancel an award. Announcements of all awards, cancellations and resignations appear in the Commonwealth Gazette . Nomination forms are confidential and not covered by the Freedom of Information Act 1982 (Cth) . The reasoning behind a nomination being successful or unsuccessful—and even the attendees of the meetings where such nominations are discussed—remains confidential. As
9794-800: The groundwater table). Brazil is the second-largest producer of iron ore after Australia, accounting for 16% of the world's iron ore production. After a somewhat sluggish production volume 2010-2020, partly due to the Mariana dam disaster in 2015 and the Brumadinho dam disaster in 2019, which halted the production at the two involved mines, production has increased steadily since 2021, when Brazil produced 431,000,000 t (424,000,000 long tons; 475,000,000 short tons). In 2022 it increased to 435,000,000 t (428,000,000 long tons; 480,000,000 short tons) and in 2023 to 440,000,000 t (430,000,000 long tons; 490,000,000 short tons). The Brazilian production
9912-486: The head of BDO Accounting , who modelled the claims Forrest used, noting they were "utterly unrealistic" and riddled with errors. Treasury concurred that they would be unable to release the assumptions underpinning its forecasts, as they were based on confidential information provided by the big miners. Gillard struck a deal with BHP Billiton, Rio Tinto and Xstrata to develop the MRRT. Independent MP Andrew Wilkie requested
10030-420: The home for a period of time after the purchase. A restoration and development of additional buildings was completed in 2019. In 2022, Forrest purchased the nearby heritage-listed Le Fanu House . Forrest is a Christian. Officer of the Order of Australia The Order of Australia is an Australian honour that recognises Australian citizens and other persons for outstanding achievement and service. It
10148-450: The iron and carbon smelting must be kept in an oxygen-deficient (reducing) state to promote the burning of carbon to produce CO and not CO 2 . The inclusion of even small amounts of some elements can have profound effects on the behavioral characteristics of a batch of iron or the operation of a smelter. These effects can be both good and bad, some catastrophically bad. Some chemicals are deliberately added, such as flux, which makes
10266-413: The iron from the oxygen, a stronger elemental bond must be presented to attach to the oxygen. Carbon is used because the strength of a carbon-oxygen bond is greater than that of the iron-oxygen bond at high temperatures. Thus, the iron ore must be powdered and mixed with coke , to be burnt in the smelting process. Carbon monoxide is the primary ingredient of chemically stripping oxygen from iron. Thus,
10384-895: The iron is thought to have originated in dying stars that are large enough to explode as supernovae . The Earth's core is thought to consist mainly of iron, but this is inaccessible from the surface. Some iron meteorites are thought to have originated from asteroids 1,000 km (620 mi) in diameter or larger. Banded iron formations (BIFs) are sedimentary rocks containing more than 15% iron composed predominantly of thinly-bedded iron minerals and silica (as quartz ). Banded iron formations occur exclusively in Precambrian rocks, and are commonly weakly-to-intensely metamorphosed . Banded iron formations may contain iron in carbonates ( siderite or ankerite ) or silicates ( minnesotaite , greenalite , or grunerite ), but in those mined as iron ores, oxides ( magnetite or hematite ) are
10502-423: The magnetite concentrate. The size and strip ratio of most magnetite resources is irrelevant, as a banded iron formation can be hundreds of meters thick, extend hundreds of kilometers along strike , and can easily come to more than three billion or more tonnes of contained ore. The typical grade of iron at which a magnetite-bearing banded iron formation becomes economic is roughly 25% iron, which can generally yield
10620-476: The magnetite-bearing BIF or other rocks which form its main source, or protolith rock, but are considerably cheaper to mine and process as they require less beneficiation due to the higher iron content. However, DSO ores can contain significantly higher concentrations of penalty elements, typically being higher in phosphorus, water content (especially pisolite sedimentary accumulations), and aluminium ( clays within pisolites). Export-grade DSO ores are generally in
10738-399: The main iron ore producers ( BHP Billiton , Rio Tinto , and Vale S.A. ) and Japanese importers. In 2006, Chinese company Baosteel began handling negotiations for the importer side. The Chinese government replaced Baosteel with China Iron and Steel Association as lead negotiator in 2009. Traditionally, the first deal reached between these the major producers and the major importers sets
10856-410: The mine tailings contain an average of approximately 11% iron, there would be approximately 1.41 million tons of iron wasted annually. These tailings are also high in other useful metals such as copper , nickel , and cobalt , and they can be used for road-building materials like pavement and filler and building materials such as cement, low-grade glass, and wall materials. While tailings are
10974-417: The occasion of a special announcement by the governor-general (usually honorary awards), and on the appointment of a new governor-general. The governor-general presents the order's insignia to new appointees. Appointments to the order may be made posthumously as long as a person was nominated for an award whilst they were still alive. Awardees may subsequently resign from the order, and the Council may advise
11092-674: The order at all levels. Nomination forms are submitted to the Director, Honours Secretariat, a position within the Office of the Official Secretary to the Governor-General of Australia , at Government House, Canberra , which are then forwarded to the Council for the Order of Australia . The council consists of 19 members: seven selected by the prime minister (described as "community representatives"), eight appointed by
11210-448: The order. The order is divided into a general and a military division. The five levels of appointment to the order in descending order of seniority are: Honorary awards at all levels may be made to non-citizens. These awards are made additional to the quotas. The order's insignia was designed by Stuart Devlin . The badge of the Order of Australia is a convex disc (gold for AKs, ADs and ACs, gilt for AOs, AMs and OAMs) representing
11328-457: The outgoing governor-general , Quentin Bryce ; her successor, Peter Cosgrove ; a recent chief of the Defence Force , Angus Houston ; a recent governor of New South Wales , Marie Bashir ; and Prince Philip . This last award was widely met with ridicule and dismay by many in the Australian media. The award was also heavily criticised in the community, with 72% disapproving and 12% in favour of
11446-509: The past as high-grade iron ore deposits requiring little beneficiation . There are several granite-associated deposits of this nature in Malaysia and Indonesia . Other sources of magnetite iron ore include metamorphic accumulations of massive magnetite ore such as at Savage River , Tasmania , formed by shearing of ophiolite ultramafics . Another, minor, source of iron ores are magmatic accumulations in layered intrusions which contain
11564-681: The prime minister alone, rather than by the Council of the Order of Australia, as is the case with all lower levels of the order. In accordance with the statutes of 2014, Prince Philip, Duke of Edinburgh , was created a Knight of the Order by letters patent signed by the Queen on 7 January 2015, on Abbott's advice. Prince Philip's knighthood was announced as part of the Australia Day Honours on 26 January 2015 and his appointment attracted criticism of what Abbott described as his "captain's call". Abbott responded by announcing that future recommendations for appointments as Knights and Dames of
11682-480: The principal Indian producers of iron ore. World consumption of iron ore grows 10% per year on average with the main consumers being China, Japan, Korea, the United States, and the European Union. China is currently the largest consumer of iron ore, which translates to be the world's largest steel producing country. It is also the largest importer, buying 52% of the seaborne trade in iron ore in 2004. China
11800-481: The principal iron mineral. Banded iron formations are known as taconite within North America. The mining involves moving tremendous amounts of ore and waste. The waste comes in two forms: non-ore bedrock in the mine ( overburden or interburden locally known as mullock), and unwanted minerals, which are an intrinsic part of the ore rock itself ( gangue ). The mullock is mined and piled in waste dumps , and
11918-429: The quartz is left behind when the resultant powder is passed under a magnetic separator. Generally, most magnetite banded iron formation deposits must be ground to between 32 and 45 μm (0.0013 and 0.0018 in) in order to produce a low-silica magnetite concentrate. Magnetite concentrate grades are generally in excess of 70% iron by weight and usually are low in phosphorus, aluminium, titanium, and silica and demand
12036-663: The review proposed the creation of the Cashless Welfare Card . Forrest's daughter, Grace volunteered at an orphanage in Nepal and discovered the children she had looked after had been trafficked to be sex slaves in the Middle East . This distressed Grace and motivated her father to act. Grace, aged 21 years, said at a 2014 interfaith meeting held at the Vatican, "I feel like a puppet for hundreds of thousands of girls who are voiceless – if I can stand for them, that
12154-407: The rock must be comminuted to enable efficient magnetic separation to provide a high-purity magnetite concentrate. This determines the energy inputs required to run a milling operation. Mining of banded iron formations involves coarse crushing and screening, followed by rough crushing and fine grinding to comminute the ore to the point where the crystallized magnetite and quartz are fine enough that
12272-528: The sale of 5,000 tonnes (5,500 short tons) of iron ore to the Chinese earthquake relief effort. In October 2013 it was announced that Forrest was to donate A$ 65 million towards higher education in Western Australia. At the time the sum was believed to be the highest philanthropic donation in Australia, with most going toward funding scholarships . The Minderoo Foundation, Forrest's private foundation,
12390-446: The seaborne trade, with 72% of the market. BHP, Rio and Vale control 66% of this market between them. In Australia , iron ore is won from three main sources: pisolite " channel iron deposit " ore derived by mechanical erosion of primary banded-iron formations and accumulated in alluvial channels such as at Pannawonica, Western Australia ; and the dominant metasomatically altered banded iron formation -related ores such as at Newman ,
12508-464: The seventh largest global center of iron ore production, behind Australia, Brazil, China, India, Russia, and South Africa. Producers of iron ore in Ukraine include Ferrexpo , Metinvest , and ArcelorMittal Kryvyi Rih . In 2014, mines in the United States produced 57,500,000 t (56,600,000 long tons; 63,400,000 short tons) of iron ore with an estimated value of $ 5.1 billion. Iron mining in
12626-451: The seventh-largest global center of iron ore production, behind Australia, Brazil, China, Russia, South Africa, and Ukraine. India's iron ore production in 2023 was 285,000,000 metric tonnes and was the fourth largest producer in the world. According to the U.S. Geological Survey's 2021 Report on iron ore, Ukraine is estimated to have produced 62,000,000 t (61,000,000 long tons; 68,000,000 short tons) of iron ore in 2020, placing it as
12744-456: The state government would back constitutional action, admitting the tax had been suggested to him as a "sovereign risk". He was highly critical of the government's expenditure of $ 38M on an advertising campaign, that was not approved using the usual processes, as it had to "counter mining industry 'spin' about the resources super profits tax". The former treasurer Wayne Swan said the big miners would pay at least A$ 2 billion tax, and wrote to
12862-401: The table aside. The major constraint to economics for iron ore deposits is not necessarily the grade or size of the deposits, because it is not particularly hard to geologically prove enough tonnage of the rocks exist. The main constraint is the position of the iron ore relative to market, the cost of rail infrastructure to get it to market, and the energy cost required to do so. Mining iron ore
12980-602: The two mines shut down. There have also been iron ore mines in Utah and Alabama ; however, the last iron ore mine in Utah shut down in 2014 and the last iron ore mine in Alabama shut down in 1975. Iron ores consist of oxygen and iron atoms bonded together into molecules. To convert it to metallic iron, it must be smelted or sent through a direct reduction process to remove the oxygen. Oxygen-iron bonds are strong, and to remove
13098-400: The two-year deadline approached, estimates put the number of Indigenous job placements under the scheme at around 2,800, well short of the original goal. Forrest is opposed to welfare dependency for Indigenous Australians. He has recounted stories of young Aboriginal girls in the Pilbara offering men sex for cigarettes, leading to five indigenous women from the region collectively lodging
13216-511: The venture] I have to admit I became emotional. This is going to change everything. This is set up like a high-achieving, measurement-driven, totally target-oriented company, it's like a hard-edged business. We are out to defeat slavery, we are not out to feel good. This is our mission. You see the complete hopelessness in the eyes [of enslaved people]. It’s like I’m stuck, I will never get help, I am dirt. Then you know that you can’t rest until you free them. In 2014 Andrew and Grace Forrest attended
13334-447: Was created by an amendment to the constitution of the Order of Australia by special letters patent signed by the Queen, on the recommendation of Prime Minister Malcolm Fraser . In March 2014 the knight and dame levels, which had been abolished in 1986 by Prime Minister Bob Hawke , were reintroduced to the Order of Australia by Tony Abbott . At the same time, Abbott announced that future appointments at this level would be recommended by
13452-408: Was established on 14 February 1975 by Elizabeth II , Queen of Australia , on the advice of then prime minister Gough Whitlam . Before the establishment of the order, Australians could receive British honours , which continued to be issued in parallel until 1992. Appointments to the order are made by the governor-general , "with the approval of The Sovereign", according to recommendations made by
13570-498: Was established on 14 February 1975 by letters patent of Queen Elizabeth II , acting as Queen of Australia , and on the advice of the newly elected Labor prime minister , Gough Whitlam . The original order had three levels: Companion (AC), Officer (AO) and Member (AM) as well as two divisions: Civil Division and Military Division. Whitlam had previously announced in 1972 (on his third day in office) that his government would no longer nominate persons for British Imperial honours (with
13688-759: Was played in 2019. The 2020 Global Rapid Rugby season was cancelled due to the COVID-19 pandemic after only one completed round of competition. After buying back the family property, Minderoo Station in 2009 Forrest acquired the adjoining properties, Nanutarra and Uaroo Stations in 2014, increasing his total pastoral holdings in the Pilbara to 7,300 square kilometres (2,819 sq mi). In August 2015 he acquired both Brick House Station and Minilya Station for an estimated A$ 10 million, bringing his total pastoral holdings to over 10,000 square kilometres (3,861 sq mi). In 2020, Forrest acquired both Quanbun and neighbouring property, Jubilee Downs, in
13806-400: Was ranked as the second richest Australian. The Financial Review named him the richest person in Australia in 2008. In 2013, Andrew and Nicola Forrest, his wife, were the first Australian billionaires to pledge the majority of their wealth to charity in their lifetimes. He had earlier stepped down as CEO of Fortescue Metals in 2011. Much of the Forrest's philanthropy has been through either
13924-667: Was renamed as the Minderoo Group is to be expanded to include higher education contributions. The foundation has given A$ 270 million through the foundation since 2001. In 2014, Andrew and Nicola Forrest pledged A$ 65 million over ten years through the Minderoo Foundation, establishing the Forrest Research Foundation to offer scholarships to students pursuing a PhD at a Western Australian university. In 2017 Forrest donated A$ 400 million to medical research and social causes, and in 2019 donated
#225774