Fortescue Metals Group

Level 2, 87 Adelaide Terrace, EAST PERTH, 6004
08 6218 8888
Fortescue Metals Group Limited engages in the acquisition, exploration, and mining of iron ore properties. Fortescue has achieved these goals through engagement and support from key stakeholders including our people, local communities including traditional land owners, governments, suppliers, customers, non-government organisation and the financial markets.

Article Timeline

Company Financials

Financials20142013Change
Operating Revenue$12.48bn$8.75bn↑
Total Revenue$12.61bn$9.07bn↑
WA Profit or Loss$2.90bn$1.88bn↑
Total Assets$24.09bn$22.50bn↑
Total Liabilities$16.04bn$16.80bn↓

Current Directors

NamePositionYear StartedRemuneration
(most recent fin year)
Remuneration Ranking
Nev PowerChief Executive Officer2011$6,367,7614
Andrew ForrestFounder and Chairman (since 2007)2004$135,7981399
Owen HegartyNon-Executive Director2008$147,5561171
Mark BarnabaNon-Executive Director2010$192,1491124
Geoff RabyNon-Executive Director2011$200,000683
Cao HuiquanNon-Executive Director2012$140,0001381
Elizabeth GainesNon-Executive Director2013$156,8531290
Sharon WarburtonNon-Executive Director2013$98,0611627
Peter MeursExecutive Director & Director Developments2013$5,916,8395
Jean BaderschneiderNon-Executive Director2015

Directors Interests

DirectorDateTransaction typeNumber of sharesPrice per shareTransaction valueNature of change
Peter Meurs09 Dec 2014Issued333,930$0.00OtherIssue of securities: 877,929 - Performance Rights
Nev Power09 Dec 2014Issued908,651$0.00OtherIssue of securities: 2,307,233 - Performance Rights.
Mark Barnaba01 Dec 2014Bought20,000$2.70$54,000On-market trade
Andrew Forrest20 Nov 2014Bought4,000,000$2.75$11,004,500On-market trade
Nev Power19 Nov 2014Bought100,000$2.75$275,000On-market trade

Current Executives

NamePositionYear StartedRemuneration
(most recent fin year)
Remuneration Ranking
Nev PowerChief Executive Officer2011$6,367,7614
Mark ThomasHead, Infrastructure Services2015
Peter ThomasDirector Shared Services2013
Stephen PearceChief Financial Officer2010$3,045,61611
Ian WellsCompany Secretary2015
Yvonne BallCommunications
Peter MeursExecutive Director & Director Developments2013$5,916,8395
Julie ShuttleworthCloudbreak Mine general manager2013
Nick CernottaDirector of Operations2014$416,130461

Latest Equity Capital Markets Deals

Date Company Transaction Type Total Value
25/10/11 Fortescue Metals Group Bond issue $1,444,350,000 >>

Latest Mergers & Acquisitions Deals

Announced Bidder Target Transaction Type Total Value
13/01/14 Fortescue Metals Group Mineral Resources Asset acquisition $300,000,000 >>
16/08/13 Formosa Plastics Group Fortescue Metals Group Asset acquisition $123,000,000 >>
22/01/13 Northern Star Resources Fortescue Metals Group Asset acquisition $2,000,000 >>
10/12/12 BC Iron Fortescue Metals Group Asset acquisition $190,000,000 >>
15/11/12 Fortescue Metals Group Oil Basins Asset acquisition $4,200,000 >>

Exporters

Total staff in WA4,553
Ultimate holding companyFortescue Metals Group Ltd
Offices in WA10
Offices interstate0
Percentage of Products Exported100%
Percentage of Products Sold in Australia0%
Balance date30 Jun 2014
WA Export Revenue most recent financial year$12.48bn
WA Export Revenue previous financial year$8.75bn
Type of Products ExportedIron ore
Export DestinationsChina
Ranked by WA export revenue most recent financial year

Public Companies - Resources

Balance date30 Jun 2014
Operating Revenue$12.48bn
Operating Revenue (previous year)$8.75bn
Total Revenue$12.61bn
Total Revenue (previous year)$9.07bn
Total Assets$24.09bn
Total Assets (previous year)$22.50bn
Total Liabilities$16.04bn
Total Liabilities (previous year)$16.80bn
WA Profit or Loss$2.90bn
WA Profit or Loss (previous year)$1.88bn
Long Term Debt$9.98bn
Long Term Debt (previous year)$13.46bn
Short Term Debt$163.5m
Short Term Debt (previous year)$221.0m
ASX CodeFMG
Shares (million)3,113
Home ExchangePERTH
IndustryMining of iron ore from its Cloudbreak and Christmas Creek mine sites and the operation of an integrated mine, rail and port supply chain.
AuditorsPricewaterhouseCoopers
Ranked by total revenue
Source: Morningstar

Exporters

LabelValue
Rio Tinto$26.71bn
BHP Billiton Iron Ore$24.30bn
North West Shelf Venture$19.62bn
Fortescue Metals Group$12.48bn
Woodside Petroleum$6.09bn
Others$81.20bn
Did you know 20
Did you know 21
Did you know 19
Did you know 18
Did you know 17
Did you know 16
Did you know 15
Did you know 14
Did you know 13
Did you know 12
Did you know 11
Did you know 10
Did you know 9
Did you know 8
Did you know 7
Did you know 6
Did you know 5
Did you know 4
Did you know 3
Did you know 2
Did you know 1

Feedback Form