Andrew Forrest’s Fortescue flags $747m write-down charge over slow ramp-up of troubled Iron Bridge
2 sources·Updated July 31, 2026
Covered by 2 sources
- The West Business·5h agoAndrew Forrest's Fortescue flags major asset writedown
Fortescue will write off $746 million from the value of its Iron Bridge magnetite mine in the Pilbara after reviewing scenarios for the troubled operation.
Read at The West Business → - The West Australian·9h agoAndrew Forrest’s Fortescue flags $747m write-down charge over slow ramp-up of troubled Iron Bridge
Andrew Forrest’s Fortescue is bracing for a more than $700 million blow to its books after re-evaluating the value of its troubled Iron Bridge magnetite project in the Pilbara.
Read at The West Australian →
