05-Oct-2022: We all know that FMG is one of the world's 4 largest iron ore producers, and the largest Australian "pure-play" iron ore producer, with some of the lowest costs on the iron ore global cost curve, however... It pays to remember FFI, the division that Twiggy has been building up over the past couple of years that invests in renewable energy and green energy solutions. FFI is still at a cash-burn stage, so is not profitable. However, I believe they will be profitable down the track, and there is even a possibility that FFI gets spun out of FMG at some point, although that is certainly not guaranteed. I really have no idea on Twiggy's plans in that regard. However, I do like the FFI investments so far, and today they announced another one:

FFI-and-TES-Green-Hydrogen-Import-Facility-in-Germany.PDF [05-Oct-2022]

Further Reading: TES Hydrogen for life — Home (tes-h2.com)

Disclosure: I hold FMG Shares (both here and IRL).