Iron-ore billionaire sets sights on reviving Congo’s hydro vision

Iron-ore magnate Andrew Forrest is looking to help revive a long-delayed multi-billion dollar hydroelectric project in Africa as part of his strategy to move into green energy. His Fortescue Metals Group has held talks with the Democratic Republic of Congo (DRC) for exclusive rights to develop the Grand Inga suite of projects, the Perth-based company said in a statement Tuesday, although no formal binding agreement had been yet concluded.