Fortescue

Electric Hydrogen Raises $380 Million to Transform the Economics of Green Hydrogen Production

Retrieved on: 
Tuesday, October 3, 2023

Green hydrogen is needed for decarbonizing vital industrial processes such as fertilizer production, steelmaking, base chemicals and many others.

Key Points: 
  • Green hydrogen is needed for decarbonizing vital industrial processes such as fertilizer production, steelmaking, base chemicals and many others.
  • Until now, switching from fossil-based sources to renewable green hydrogen has been too costly to be implemented at scale.
  • Electric Hydrogen’s 100MW green hydrogen systems use advanced technology that could significantly reduce production costs.
  • Electric Hydrogen manufactures, delivers and commissions the world’s most powerful electrolyzers for critical industries to produce the lowest cost green hydrogen.

COP28 President-Designate advances innovative climate finance, leveraging public, business and philanthropic capital during meetings with UK Government, King Charles III and President Biden

Retrieved on: 
Thursday, July 13, 2023

Dr. Al Jaber said, "The leadership of the US and UK is crucial on both fulfilling climate finance pledges and mobilizing further capital.

Key Points: 
  • Dr. Al Jaber said, "The leadership of the US and UK is crucial on both fulfilling climate finance pledges and mobilizing further capital.
  • I welcome the US and UK's efforts to create the right enabling environment for business and philanthropy to mobilize climate finance at the scale required ahead of COP28."
  • "Today, representatives from leading business and philanthropic organizations came together to announce significant action to increase innovative and catalytic climate finance for developing economies.
  • The Climate Finance Mobilisation Forum was convened by the UK Secretary of State for Energy Security, the Rt Hon.

Andrew and Nicola Forrest donate one-fifth of Fortescue shareholding to philanthropy

Retrieved on: 
Tuesday, June 20, 2023

PERTH, Australia, June 20, 2023 /PRNewswire/ -- Andrew and Nicola Forrest have given nearly A$5 billion more to their philanthropic foundation Minderoo, through a donation of 220 million Fortescue shares - one fifth of their shareholding.

Key Points: 
  • PERTH, Australia, June 20, 2023 /PRNewswire/ -- Andrew and Nicola Forrest have given nearly A$5 billion more to their philanthropic foundation Minderoo, through a donation of 220 million Fortescue shares - one fifth of their shareholding.
  • This brings the Foundation's endowment to about A$7.6 billion and enables the substantial investment to be deployed for greater public benefit.
  • It continues the Forrests' pledge to donate their material wealth – creating lasting change and the greatest possible good.
  • Nicola Forrest AO said the latest donation will directly result in real change for Minderoo's beneficiaries.

Andrew and Nicola Forrest donate one-fifth of Fortescue shareholding to philanthropy

Retrieved on: 
Tuesday, June 20, 2023

PERTH, Australia, June 20, 2023 /PRNewswire/ -- Andrew and Nicola Forrest have given nearly A$5 billion more to their philanthropic foundation Minderoo, through a donation of 220 million Fortescue shares - one fifth of their shareholding.

Key Points: 
  • PERTH, Australia, June 20, 2023 /PRNewswire/ -- Andrew and Nicola Forrest have given nearly A$5 billion more to their philanthropic foundation Minderoo, through a donation of 220 million Fortescue shares - one fifth of their shareholding.
  • This brings the Foundation's endowment to about A$7.6 billion and enables the substantial investment to be deployed for greater public benefit.
  • It continues the Forrests' pledge to donate their material wealth – creating lasting change and the greatest possible good.
  • Nicola Forrest AO said the latest donation will directly result in real change for Minderoo's beneficiaries.

Candente Copper Announces Private Placement With Fortescue Metals

Retrieved on: 
Wednesday, December 14, 2022

VANCOUVER, British Columbia, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper” or the “Company”) is pleased to announce that it has entered into an agreement to complete a private placement (the “Private Placement”) with Nascent Exploration Pty.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper” or the “Company”) is pleased to announce that it has entered into an agreement to complete a private placement (the “Private Placement”) with Nascent Exploration Pty.
  • The Private Placement is a further strategic endorsement by Fortescue for the Cañariaco copper project, one of the top ten undeveloped copper resources in the world of which most is classified as measured and indicated.”
    Pursuant to the Private Placement, the Company will issue to Fortescue an aggregate of 22,222,222 Shares at a price of $0.18 per Share.
  • Private Placement proceeds of $3,000,000 will be used for further development of the Company’s advanced-stage Cañariaco copper project and for general working capital purposes.
  • In connection with the Private Placement, Fortescue has agreed to waive the payment of any interest accruing on the Fortescue Loan.

H3 Dynamics and Carbonix Join Forces to Build Australia’s First Hydrogen VTOL Unmanned Aircraft

Retrieved on: 
Tuesday, December 13, 2022

H3 Dynamics and Australian UAV producer Carbonix are coming together to begin development and production the first Australian hydrogen-electric VTOL (vertical take-off and landing) unmanned aircraft system (UAS).

Key Points: 
  • H3 Dynamics and Australian UAV producer Carbonix are coming together to begin development and production the first Australian hydrogen-electric VTOL (vertical take-off and landing) unmanned aircraft system (UAS).
  • Moving fast and starting now, H3 Dynamics will be integrating its off-the-shelf hydrogen systems to Carbonix' existing fleet of small unmanned VTOL systems - enabling training and accelerating field experience.
  • H3 Dynamics plan is to increase the size of hydrogen air frames every year until we are able to fly passenger-scale aircraft.
  • Quickstep has an ongoing development program for intelligent composite hydrogen storage solutions, which could also soon be applied commercially in H3 Dynamics hydrogen fuel cell nacelles for hydrogen flight.

Rio Tinto, BHP and Fortescue launch pilot program to create safer workplaces

Retrieved on: 
Tuesday, November 15, 2022

Rio Tinto, BHP and Fortescue are launching an innovative pilot program aimed at helping to eliminate disrespectful behaviour in the resources industry including sexual harassment, bullying and racism.

Key Points: 
  • Rio Tinto, BHP and Fortescue are launching an innovative pilot program aimed at helping to eliminate disrespectful behaviour in the resources industry including sexual harassment, bullying and racism.
  • The three companies have worked together with leading experts to design and develop the industry-first program aimed at educating new entrants to the sector.
  • The pilot program will be completed by 30 volunteers who are currently undertaking apprenticeships or traineeships with the three companies.
  • The results of the pilot will be fully evaluated and feedback from the participants will be used to finalise the learning program.

IMARC Forum to Help Solve the Complex Mining Skills Gap

Retrieved on: 
Tuesday, September 6, 2022

Over 250,000 people are employed across the mining value chain, making it one of the largest employment industries in the country.

Key Points: 
  • Over 250,000 people are employed across the mining value chain, making it one of the largest employment industries in the country.
  • This will help attract long-term residents to these areas who are looking to escape the expensive capital cities.
  • The International Mining and Resources Conference (IMARC ) is where global mining leaders connect with technology, finance, and the future.
  • IMARC is developed in collaboration with its founding partners the Victorian State Government of Australia, Austmine, the Australasian Institute of Mining and Metallurgy (AusIMM) and Mines and Money.

Site of World Energy GH2's Pioneering Green Hydrogen Project to Host Canada's Prime Minister Trudeau, Germany's Chancellor Scholz and Corporate Leaders

Retrieved on: 
Monday, August 22, 2022

STEPHENVILLE, NL and BOSTON, Aug. 22, 2022 /PRNewswire/ -- World Energy, a carbon-net-zero solutions provider, together with its renewable hydrogen business unit, World Energy GH2, announced that the site of their new renewable hydrogen production and distribution project, Stephenville, Newfoundland and Labrador will host Germany's Chancellor Olaf Scholz and Canada's Prime Minister Justin Trudeau accompanied by key Cabinet Ministers this Tuesday, August 23. Trudeau and Scholz will be on hand to commit their countries to a historic accord to accelerate the growth of green hydrogen, a new source of clean, transportable renewable fuel made from wind and water, of which World Energy is on pace to become one of the first large-scale global suppliers.

Key Points: 
  • In June, World Energy initiated one of the world's first and biggest projects in the nascent global push for green hydrogen.
  • "This project demonstrates what can happen when leaders come together to take real action," said John Risley, Chairman, World Energy.
  • Our project will serve as a catalyst for other green hydrogen projects in Atlantic Canada and around the world.
  • World Energy GH2 is a subsidiary of World Energy which delivers solutions to those leading the push toward net-zero carbon transport.

Site of World Energy GH2's Pioneering Green Hydrogen Project to Host Canada's Prime Minister Trudeau, Germany's Chancellor Scholz and Corporate Leaders

Retrieved on: 
Monday, August 22, 2022

STEPHENVILLE, NL and BOSTON, Aug. 22, 2022 /PRNewswire/ -- World Energy, a carbon-net-zero solutions provider, together with its renewable hydrogen business unit, World Energy GH2, announced that the site of their new renewable hydrogen production and distribution project, Stephenville, Newfoundland and Labrador will host Germany's Chancellor Olaf Scholz and Canada's Prime Minister Justin Trudeau accompanied by key Cabinet Ministers this Tuesday, August 23. Trudeau and Scholz will be on hand to commit their countries to a historic accord to accelerate the growth of green hydrogen, a new source of clean, transportable renewable fuel made from wind and water, of which World Energy is on pace to become one of the first large-scale global suppliers.

Key Points: 
  • In June, World Energy initiated one of the world's first and biggest projects in the nascent global push for green hydrogen.
  • "This project demonstrates what can happen when leaders come together to take real action," said John Risley, Chairman, World Energy.
  • Our project will serve as a catalyst for other green hydrogen projects in Atlantic Canada and around the world.
  • World Energy GH2 is a subsidiary of World Energy which delivers solutions to those leading the push toward net-zero carbon transport.