Twiggy (30 page)

“Jeremy Lee, was also a key figure”: Ramon Glazov, “Prince of the Pilbara”,
The Monthly
, July 2013.

“share a commitment to Christianity”:
author interview with David Thompson, 2013.

“he believed his new digs would prove to be a sound investment”: Kathryn Bice, “Hewson sells house for $1m”,
The Australian Financial Review
, 24 May 1993.

“He had a fairly cavalier approach”, “Andrew was a little bit out of control” and “Andrew had a favourite term”: author interview with Warwick Grigor, 2013.

CHAPTER 6: DREAMS
IN THE DESERT

“Salter returned to business only to be sacked”: Andrew Burrell, “Burnt Investors Get at Payne’s to Explain”,
The Weekend Australian
, 3 December 2011.

“He came to me and said”: author interview with Rodney Adler, 2013.

“probably feels a bit constrained”: Damon Frith, “Magnesium Next for Anaconda”,
The Australian
, 29 July 1999.

“Everyone who’s done business with
me”: Damon Kitney, “From Despair to a Dream Fulfilled in a Year”,
The Australian Financial Review
, 3 November 1997.

“He also boasted of how Anaconda”: Tom Baddeley, “Court Criticism a New Blow to Nickel Project,
The West Australian
, 25 March 1997.

“he’d clearly had a good lunch”: Mark Drummond, “Racy Russet”,
The West Australian
, 29 March 1997.

“He said …. I was pathetic”: Baddeley,
“Court Criticism a New Blow”.

“Forrest, who wasn’t represented by a lawyer in court”: Hills, “How to Lose Friends”.

“If someone else could have achieved”: Michael Weir, “I Would Trade Fee for Time: Forrest”,
The West Australian
, 18 November 1997.

“That was one of the toughest times”: “The Mine Field”,
Four Corners
, ABC TV, 12 August 2002.

“some companies have trouble financing
a new car park”: John McIlwraith, “Skill at Raising Money Baffles Rivals”,
The Australian
, 2 August 1999.

“He later admitted to bribing officials”: Marc Rich, “‘King of Oil’ Pardoned by Clinton, Dies at 78”,
Reuters
, 26 June 2013.

“They were all harebrained ideas”: author interview with anonymous former Anaconda executive “A”, 2013.

“As a CEO there’s nobody”: author interview with
anonymous former Anaconda executive “B”, 2012.

“We argued with Glencore”: Andrew Forrest, interview with Ticky Fullerton, “The Mine Field”,
Four Corners
.

“The autoclaves are performing”: Tim Treadgold, “Crunch Time for Nickel Hopefuls”,
BRW
, 29 January 1996.

“although the flash vessels were not working”: Barry Fitzgerald, “Anaconda Shares Fall into Murrin Acid Bath,
The Age
, 17
March 1999.

“Forrest would admit that the plant was seriously flawed”: Andrew Forrest, interview with Ticky Fullerton, “The Mine Field”,
Four Corners
.

“I’ve met a lot of managing directors”: Matt Price, “Caught Out in a Dangerous Game”,
The Australian
, 5 March 2007.

“Andrew was ringing me up”: author interview with Wayne Richards, 2012.

“the ‘nightmares’ of the previous two
years”: Andrew Forrest, speech at Murrin Murrin opening, 29 July 1999.

“Where companies and individuals strive to achieve”: Forrest, speech at Murrin Murrin opening.

“With Twiggy, you’re either totally for him”: author interview with Paul Armstrong, 2012.

“I’m not interested in games”: Edensor Nominees v Anaconda Nickel [2001] VSC 502 (18 December 2001).

“There has not been
an obligation”: Andrew Main, “Gutnick on Defensive as Centaur Breaks Leg”,
The Australian Financial Review
, 11 December 2000.

“pursued a ‘deliberate plan’” and other findings: Edensor Nominees v Anaconda Nickel.

“Gutnick was a truthful witness”: Edensor Nominees v Anaconda Nickel.

“It’s a strange judgment”: Mark Drummond, “‘Untruthful’ Forrest Hits Out at $10m Judgment”,
The West
Australian
, 20 December 2001.

“very clever Queen’s counsel”: Forrest, interview with Ticky Fullerton, “The Mine Field”,
Four Corners
.

“Anyone who knows me”: Drummond, “‘Untruthful’ Forrest Hits Out”.

“I prefer the evidence of Mr Spohler”: Van der Sluys and anor v Anaconda Nickel Nl and others [2002] NSWSC 673 (31 July 2002).

“both truthful and substantially accurate”: Anaconda
Nickel v Tarmoola Australia, unreported, Supreme Court of Western Australia (24 February 1999).

“The numbers were tight”: Sharon Kemp, “Ralph Recalls Power of One”,
The West Australian
, 24 July 1991.

“the idea had probably germinated”: Albert Wong, quoted in “The Mine Field”,
Four Corners
.

“missed targets, lost production”: Hills, “How to Lose Friends”,
The Sydney Morning Herald
, 26 May 2001.

“The winner is an independent Anaconda Nickel”: “Truce at Anaconda, Forrest to Surrender Chief’s Role”,
The West Australian
, 1 June 2001.

“Andrew knew it all”: author interview with anonymous former Anaconda executive “D”, 2013.

“It taught me cynically”: Andrew Forrest, quoted in “Never, Ever Give up – The Fortescue Metals Group Story”, video, December 2012.

“There’s no doubt it wouldn’t have happened”: author interview with Peter Johnston, 2013.

“I remember Andrew coming through the office”: author interview with anonymous former Anaconda executive “E”, 2012.

“financial pressure”: Forrest v Commissioner of Taxation [2010] FCAFC 6 (5 February 2010).

“narcotics-related exercise”: Malcolm Brown, “Huge Kings Cross Heroin Racket Busted,
Court Told”,
The Sydney Morning Herald
, 27 August 1987.

“they would receive returns of 30 per cent”: “Equity-1 Ltd: investor warning”, ASIC media release, 30 January 2003.

“he believes he and Twiggy bonded that night”, “I called the guy at the bank” and “Forrest told me”: author interview with Shayne Heffernan, 2013.

CHAPTER 7: THE COMEBACK KID

“To create an Australian-owned”:
Andrew Forrest, presentation to Allied Mining and Processing shareholders, 18 July 2003.

“I thought, [it] will be like Napoleon said”: Drummond, “Forrest Fire”.

“Andrew said, ‘Come and have a scotch’”: Paul Lampathakis, “Man of Steel”,
The Sunday Times
, 18 May 2008.

“I laid out a map of the Pilbara”: Forrest, quoted in “Never, Ever Give Up”.

“After that first meeting with Andrew”:
Graeme Rowley, quoted in
A Sense of Place – The Fortescue Story
, Fortescue Metals Group, 2008.

“A few friends of mine were very questioning”: Chris Catlow, quoted in “Never, Ever Give Up”.

“That first meeting with Andrew reminded me”: email to author from John Hancock, 2013.

“corporate cruelty”: Knight, “Lunch with Andrew Forrest”.

“the bravest thing he’s done”: Nicola Forrest,
quoted in “Never, Ever Give Up”.

“I knew he could sell ice to the Eskimos”: author interview with Mark Caruso, 2012.

“remarkably selfless corporate act”: Robin Bromby, “Fortescue Chief Makes a Killing”,
The Australian
, 17 February 2005.

“Fortescue was started by a few friends”: Andrew Forrest, address to the National Press Club, 2 May 2012.

“Andrew hugs me when he sees me”,
“Iron ore back then was sewerage shit”, “Negotiations were colourful” and “The bank wouldn’t transfer”: author interview with Mark Caruso, 2012.

“It felt like the movie
Wall Street
”: author interview with Philip Kirchlechner, 2012.

“It was the most disorganised show” and “We had to think outside the box”: author interview with David Mendelawitz, 2013.

“We assayed the samples”: Andrew
Forrest, quoted in “Never, Ever Give Up”.

“Andrew liked Eamon”: author interview with anonymous former Fortescue executive “A”, 2012.

“Morale was good”: author interview with David Mendelawitz, 2013.

“I wouldn’t have anyone up there”: Eamon Hannon, quoted in “Never, Ever Give Up”.

“Scour the entire Pilbara”: Andrew Forrest, quoted in
A Sense of Place
.

“compare the work
of his ancestors”: Nick Evans, “Forrest Hails Hamersley Homecoming”,
The West Australian
, 23 December 2012.

“it appeared to be operating in real estate”: Jonathan Barrett, “Twiggy’s Land Grab”,
The Australian Financial Review
, 17 March 2012.

“The rejection I received was so blunt”: Paul Garvey, “Critics Change Tune on Twiggy Growth Story”,
The Australian Financial Review
, 31 August 2007.

“I said to [Argus] that we can both save”: Herb Elliott, quoted in “Never, Ever Give Up”.

“cutting back on its exploration work”: Peter Thompson and Robert Macklin,
Big Fella: The Rise and Rise of BHP Billiton
, William Heinemann, North Sydney, NSW, 2009, p424.

“You hear about new ideas every day”: Christopher Webb, “Chip Lets Fly at Ore-Struck Promoters”,
The Age
, 17 February 2005.

“lodged challenges over more than 100 tenements”: John Phaceas, “Anaconda in Spoiling Play”,
The Australian
, 3 December 2001.

“BHP dumped its long-standing broker”: Mark Drummond, “BHP Dumps JP Morgan over Link to Fortescue”,
The West Australian
, 25 August 2007.

“most analysts will only cover a stock”: author interview with Greg Lilleyman, 2012.

“when a stock rises on rhetoric
and promotion”: Adele Ferguson, “Iron Man”,
BRW
, 4 August 2005.

“The more they threw at us”: John Clout, quoted in “Never, Ever Give Up”.

“If they’d embraced us a little more”: Mark Thomas, quoted in ““Never, Ever Give Up”.

CHAPTER 8: BURKE’S BACKYARD

“smarter than two-thirds”:
The World Today
, ABC radio, 5 March 2007.

“‘improper’ and ‘reprehensible’”: Royal Commission
into Commercial Activities of Government and Other Matters, report, volume 6, 1992.

“we would relish another ban”: Andrew Burrell, “The Man Who Bought a Political Party”,
The Australian Financial Review
, 2 March 2007.

“I told him it’s extremely complex” and “BHP had contacts in the department”: author interview with Brian Burke, 2013.

“Rio believed that the government approvals”
and “Appropriate support should be given to companies”: John Phaceas, “State, Miners at Odds on FMG”,
The West Australian
, 11 November 2004.

“A state government agreement Act”:
Hansard
, WA Legislative Assembly, 26 November 2004.

“the proponent has an ability to raise funds” and “The leader of the Opposition needs”:
Hansard
, 26 November 2004.

“All of a sudden it gave them”: author
interview with Brian Burke, 2013.

“Andrew got really close to us”: author interview with Julian Grill, 2013.

“They had their own people” and “I once made the mistake”: author interview with Julian Tapp, 2013.

“who donated $2500 to Bowler’s re-election campaign”: Corruption and Crime Commission (CCC),
Report on the Investigation of Alleged Public Sector Misconduct in Connection with
the Activities of Lobbyists and Other Persons – Fortescue Metals Group
, 14 September 2009.

“FMG Friday crisis” and “This was a multibillion-dollar project”: CCC transcript, 27 February 2007.

“The Woodstock Abydos experience”: State of the Environment Committee,
Independent Report to the Australian Government Minister for Sustainability
,
Environment, Water, Population and Communities
, 2011.

“The project will be killed by indecision”: CCC transcript, 27 February 2007.

“We’d have had to go around” and “Minister, each time they go to blast”: Andrew Forrest, quoted in “Never, Ever Give Up”.

“conversation was being covertly recorded by CCC investigators”: CCC,
Report on the investigation of alleged public sector misconduct
.

“As far as any lobbying goes”: “Burke
an excellent trainer – FMG”,
AAP
, 16 November 2006.

“We did retain Burke and Grill”: Marsha Jacobs, “$2 Billion Man Seizes the Moment”,
The Australian Financial Review
, 19 March 2007.

“Grill also now confirms” and “Most clients took the time to express gratitude”: author interview with Julian Grill, 2013.

“I don’t think anyone else but Twiggy Forrest”: author interview with Brian
Burke, 2013.

CHAPTER 9: TO GET RICH IS GLORIOUS

“Working for a junior, it’s terrible”: author interview with Philip Kirchlechner, 2012.

“Every time we would go to this mill”, “You had three players supplying” and “When someone else came along”: author interview with Russell Scrimshaw, 2013.

“David Liu is the guy who … personifies courage”: Andrew Forrest, quoted in “Never,
Ever Give Up”.

“laid fraud charges against Falcone”: Securities and Exchange Commission, “Philip A Falcone and Harbinger charged with securities fraud”, media release, 27 June 2012.

“a hyperactive, smart, energetic Australian entrepreneur”: Sonali Paul, “Twiggy’s Grand Bet on Australian Iron Ore Turns Sour”,
Reuters
, 16 September 2012,

“I went to bed at 1am thinking”: author interview
with Russell Scrimshaw, 2013.

“There was a silence that seemed like forever”: Russell Scrimshaw, quoted in “Never, Ever Give Up”.

“greatest visionary in the Australian resources sector”: Paul Garvey, “Critics Change Tune on Twiggy Growth Story”,
The Australian Financial Review
, 31 August 2007.

“How he achieves things is questionable”: author interview with Eddie Rigg, 2013.

“All of the project management things we’d learned”: Peter Meurs, quoted in “Never, Ever Give Up”.

“Everyone here is part of our Fortescue family”: Jennifer Hewett, “Fortescue’s Pilbara Love Story”,
The Australian Financial Review
, 2 May 2012.