tip off

Iron giants: Gina’s gunning for Twiggy, and it ain’t gonna be pretty

Gina Rinehart is about to start pumping out 55 million tonnes a year of iron ore from her Roy Hill mine. This is very bad news for Fortescue.

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Business bites: jobs galore … Greece feeling poor … Fortescue’s ore …

Do we still need that rate cut? And other business tidbits of the day.

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Tips and rumours

Pollies co-opt Anzac Day … Treasury fails at social media … it’s official: RIP Democrats …

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Business briefs: China’s economic chart … cough it up, Rinehart … iron ore falls apart …

Australia’s jobs figures to be released on Thursday. And other business tidbits of the day.

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Is it time for Twiggy to play his Chinese joker?

The price of iron ore is still falling, with Fortescue Metals Group facing total wipeout. But there may be a way to save the company — look to the East …

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Twiggy’s ‘cartel’ won’t turn Fortescue around — not for all the steel in China

A combination of inaccurate economic forecasting, a demand-side slump, and erratic behaviour from its chairman, Andrew “Twiggy” Forrest, has left iron ore miner Fortescue Metals Group in dire straits.

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Business bites: govt lags … Twiggy cops slag … oil price flags …

The Reserve Bank says Abbott must start investing in new schooling infrastructure. And other business tidbits of the day.

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Fortescue’s future uncertain after Twiggy’s failed debt financing

Fortescue Metals Group’s share price is down again — and there is no relief in sight.

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Fortescue Metals moves to rescue falling share price, but too late?

Andrew “Twiggy” Forrest’s Fortescue Metals Group will need to move soon if it’s to avoid serious financial strife caused by the ongoing downturn in the global iron ore market.

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Business bites: banking brutes … Twiggy back to roots … Southern Cross recruits …

Morgan Stanley’s Australian CEO visits Melbourne. And other business tidbits of the day.

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In the Year of the Goat, we must bell the Chinese cat

Despite the optimistic posturing of Australia’s Reserve Bank governor Glenn Stevens, China’s economy is in trouble, and it’s time for Australia to readjust its policies to recognise the looming downturn.

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Business bites: Cashies cash-strapped … Aurizon’s cash trapped … spot price recap ….

Cash Converters, ironically, is strapped for cash. And other business tidbits of the day.

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Twiggy stands by indigenous jobs plan, but exact numbers murky

Employers have pledged more than 64,000 jobs for indigenous Australians, but finding out whether those pledges have been followed through proves tricky.

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BHP, Rio Tinto deliberately sinking the price of iron ore

It’s not greedy unionists or meddling governments that have caused a slump in iron ore prices — the smoking gun is in the hands of Rio, BHP, Fortescue and Vale.

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Who’s who on the Rich List?

Fairfax’s annual Rich List came out last week, but who’s on it? Where did they make their money? And is there any threat to Gina’s crown? Infographic specialist Jake Stevens breaks it down.

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The Power 50: taking care of business

Gina Rinehart, Australia’s richest person, is the top businessperson on Crikey’s Power 50 list. Fellow miner Twiggy Forrest also makes an appearance, and media mogul James Packer is moving up in the world (and the rankings).

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Twiggy’s philanthropy under scrutiny

Crikey readers have their say on the ALP leadership, Twiggy Forrest’s charitable donations and corporate mismanagement.

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Tips and rumours

Which ABC radio figure whistled, yelled “down girl”? … Twiggy helicopters in for lunch … Sydney ferry antics …

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How Twiggy took on the miners — and lost

A major mining company is going to spoil someone’s pastoral lease without their consent, writes former native title lawyer Sarah Burnside. Only thing is, “someone” is Andrew Forrest.

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Twiggy caught in a Fortescue fix

Fortescue has been caught midstream in its expansion by the falling iron ore price and now it’s in trouble. It’s decision time for “Twiggy” Forrest, and he might not like the choices.

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The video of Twiggy Forrest that everyone’s talking about

A video has been uploaded by the Yindjibarndi Aboriginal Corporation expressing their concern over a March meeting with Fortesque Metals Group over a native title dispute in the Pilbara.

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Won’t someone think of the billionaires?

Daily Media Wrap: Kevin Rudd was faced yesterday with 2000 RSPT protesters, led by billionaire miners Andrew “Twiggy” Forrest and Gina Rinehart. Was commie Rudd scared into submission?

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Ore deal leaves Twiggy an over-geared pawn

Twiggy Forrest is going to be running an over-geared speculative miner producing just one commodity, servicing just one market and getting less than market prices.

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Briefly Business: Twiggy, EB&B, GDP vs QoL

ASIC vs Twiggy Forrest: understandable but pointless … Everest Babcock & Brown expert at losing money … While on the topic of Everest Babcock & Brown … Economists look to expand GDP to count ‘quality of life’.

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Richard Farmer’s political bite-sized meaty chunks

Meaty snippets from the home of government plus the daily reality check and the pick of other people’s political coverage. Richard Farmer writes.

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