YouSaid · the spoken record

Andrew Forrest

lines on the record
12
first
2026-07-03
most recent
2026-07-03
sittings or episodes
1
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podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

  1. “Define company values. Yeah, they are. Yeah, I haven't been asked that question, but you put it on the table, they actually are.”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Look, it's really just saying who's your favourite child in your family? I mean, you really can't single one out. I think the one which protects us most, I think you're a perfect example, is humility Knowing greater than anyone else, you've got gifts which are different to other people, but you might get great bricklayers or great singers or whatever. I mean, they're incredibly gifted people, but they're not worse or better than you. So it gives you an understanding that Urgency of great teamwork”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “That is happening. We're already starting to save operating cost, and that's a massive competitive advantage. We consider where the most efficient mining company on Earth because we have the last cost already per tonne. But when we go fully green, our cost will go completely out of reach of any competition until they turn green. And that's my message to the world. If you don't believe in climate change, well, you're an idiot. But if you don't, fine. But believe in a better life. Believe in a lower cost of living. Believe in a lower cost of energy. That's green.”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “No, we have, I mean, look, no other miner followed me into Ionor. No other miner said you can break the cartel between BHP and Rio and Vale. They're the biggest mining companies in the world. They'll crush you like an ant. So I accept no other mining companies following us now either. But when we save a billion dollars a year because we eliminate a billion litres of diesel, diesel equivalent from our supply chains, then they will all follow. But they will watch until that happens.”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Okay, I'll be quick. The study of marine ecology taught me the four major threats are plastic, pollution. Overfishing and climate change. And I was able to do papers in my thesis on the first two, but climate change was such a huge area I was allowed to study it, but if I tried to publish on it, then they said it's going to delay your PhP by up to two years. But the most impactful part of that PhD was learning the massive impact which global warming is making on the oceans, on the marine environments. And I thought, I've got to do everything I can personally to stop that. Now I had this very successful company called Fortescue. By that stage it was already Australia's most successful company by a margin in shareholder returns in stock exchange history. I thought I've got to do more with this company than just...”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Because of that, because you know, I grew up I actually grew up in the middle of Australia, right? So I've mentioned that huge ship and cattle, they'd call it a ranch or farm over here, but it was massive. And whenever I could get to the ocean, which was a long way away, I used to just love it. I'd just marvel at it and get in it and try and put goggles on and see what else was underneath it. So yeah, I've really loved it.”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “Because it's the most important part of the planet by a mile. It's in this very thin veneer of atmosphere we have above terrestrial Earth above land. That's one or two percent of the world's livable space. The other 98 plus percent is all ocean from top to bottom it's full of life. It doesn't matter if it's in the bottom of the marijuana trench or on the coast of Norway. It's full of life.”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “And it had gone still, it had gone still like a mirror, so I realized that AI was on my own, and B was drowning, and C I've been there for a little while because there was no ripples in the water. I'd fallen and it was flat. And I then had to get back to the bank with my leg facing away from the bank, but I had to bring my body to face towards the bank to climb out. And so I had to... Is not a pretty story, but I had to break my leg even further to twist it to get back to the bank, to pull my head above water. And anyway, I got flown out. It was a wonderful helicopter pilot I had surgery, and I came out of that in a wheelchair”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “Which were around all the time, but we knew if we climbed higher and higher and higher, then the crocodiles would only stay in the salt water knot and in the freshwater. So we climbed a long way as a result to make sure that when we stopped and met a helicopter with the family that would be right out of danger, part of this climb involved going around a ledge over a large pool of water and the ledge gave way. I slipped into the water and my leg got caught on a tree root which came out of the bank of the river into a loop and back into the bank of the river and it snapped my leg like it snapper matched. But the wrong way. Did that went the opposite way to how knees normally bend? And I think I might have passed out, but I remember when I first realized where I was, and I was looking up at the surface of the water.”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “It was late 2015. It was a kind of life changing event. I was hiking through canyons up in one of the most remotest regions of the world. It was absolutely wild. We took a weapon with us because there were crocodiles, which”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “Look, I think grit and determination, I mean, you have your eye focused on a goal. So we had our eye totally focused on building a port and rail system. And when the incumbent player said, well, we're never going to use it. So, okay, we'll then extend that target, we'll lift, instead of going backwards, we'll increase the danger, increase the level of difficulty, and also become an iron ore producer. We've thought through being port and rail to supply, transport other people's, when they said get nicked, I said, okay, well, we'll go find our own ore bodies and explore them and try and get into the business ourselves, which was several times harder than just providing infrastructure. Yeah, yeah.”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “Fortunately 2003 kicked off with a, well, it was like Anaconda, a concept stock. I announced that I was going to take on the iron ore industry, but not adversarily, but through building a railway and port system which they could all share. Now BHP, Rio Tinto, even Vale, they all own their own port and rail systems, and they don't share them with anyone. And of course they were underutilized, fully underutilized, but instead of being infrastructure we all share, they were used as a barrier to entry. Now I didn't really get that. So I said I'll build a Port Rail system and we can all share it and we can all do well. And I'll just be an infrastructure provider. And they really said, well, how does get stuff sound?”

    2026-07-03 · In Good Company with Nicolai Tangen · HIGHLIGHTS: Andrew Forrest - CEO of Fortescue · IDENTIFIED FROM THE TRANSCRIPT · source