FMG in China deal on magnetite project
Iron ore miner Fortescue Metals Group has taken another step towards development of its extensive magnetite deposits in the Pilbara, annuncing plans to transfer the assets into a Hong Kong company jointly owned by Chinese steel giant Baosteel.
The groups will consolidate their magnetite interests in the Glacier Valley and Northstar mining leases into FMG Iron Bridge Ltd.
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BETA
Fortescue Metals Group (FMG)
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 228th | Fortescue Metals Group | -22% | 8% |
| 229th | Woodside Petroleum | -22% | -5% |
| 266th | Iluka Resources | -29% | 17% |
| 383rd | Atlas Iron | -45% | 8% |
| 433rd | Mount Gibson Iron | -51% | -12% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| Peter Meurs | 25,957,900 | ||
| Graeme Rowley | 18,145,000 | ||
| Herb Elliott | 2,167,940 | ||
| Neville Power | 757,389 | ||
| Stephen Pearce | 45,613 | ||
| Owen Hegarty | 40,000 |
Number of shares
Share Transactions
Total value as at the date of the transaction
Revenue
| 1st |  | Woodside Petroleum | $7,186.0m |
| 2nd |  | Fortescue Metals Group | $6,575.2m |
| 3rd | | Iluka Resources | $1,160.3m |
| 4th | | Mount Gibson Iron | $689.5m |
| 5th | | Atlas Iron | $643.7m |
572 WA listed resource companies ranked by revenue
Remuneration from Fortescue Metals Group
| 2nd | Peter Meurs | $8.152m |
| 16th | Neville Power | $3.015m |
| 38th | Stephen Pearce | $1.659m |
Ranked by total remuneration from all listed WA companies
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