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Nev Power

Neville (Nev) Power was the chief executive of Fortescue Metals Group, having joined the miner in February 2011 as chief operational officer. Mr Power was previously chief executive of Australian operations at Theiss. Prior to that, he spent more than ten years in senior executive positions at Smorgon Steel Group, culminating in his appointment as chief executive (reinforcing and steel products division) in February 2001. Mr Power is an engineer by profession. He maintains an active interest in managing the family cattle property and is an avid aviator.
Bio last updated 19 May 2018

Article Timeline

Positions - Previous

PositionCompanyYearCompany's current rank
Chief Executive Officer, Executive DirectorFortescue Metals Group2011 - 20181
Chief Executive, Australian OperationsThiess2007 - 20115

Directors Interests

CompanyDateTransaction typeNumber of sharesPrice per shareTransaction valueNature of change
Fortescue Metals Group19 Feb 2018Other1,556,520$0.00OtherOff-market transfer: Assuming 1,556,520 Indirect Shares transferred to Direct Shares
Fortescue Metals Group19 Feb 2018Other1,556,520$0.00OtherOff-market transfer: Assuming 1,556,520 Indirect Shares transferred to Direct Shares
Fortescue Metals Group29 Sep 2017Bought998,270$0.00OtherAs advised by the company: 3462837 - Performance RightsPerformance rights have been provided to certain staff as part of the Fortescue Executive and Senior Staff Incentive Plan (ESSIP)
Fortescue Metals Group20 Sep 2016Issued1,097,367$0.00OtherIssue of securities: 3,424,686 - Performance Rights
Fortescue Metals Group07 Sep 2016Sold413,250$5.04$2,084,748OtherAs advised by the company: Disposal of Ordinary Shares

Directors Shareholdings

CompanyDirect sharesIndirect sharesTotal sharesTotal value
Fortescue Metals Group2,951,2382,951,238$13,664,232

Latest Equity Capital Markets Deals

DateCompanyTransaction TypeTotal Value
02/02/12Fortescue Metals GroupBond issue$1,444.4m>>

Latest Mergers & Acquisitions Deals

AnnouncedBidderTargetTransaction TypeTotal Value
13/01/14Fortescue Metals GroupMineral ResourcesAsset acquisition$300.0m>>
05/09/12TransAlta CorporationFortescue Metals GroupAsset acquisition$287.9m>>
10/12/12BCI MineralsFortescue Metals GroupAsset acquisition$190.0m>>
16/08/13Formosa Plastics GroupFortescue Metals GroupAsset acquisition$123.0m>>
15/11/12Fortescue Metals GroupOil BasinsAsset acquisition$4.2m>>

Total Shareholder Return as at 30/04/18

1 year TSR5 year TSR
125thAtlas Iron88%-48%
157thMineral Resources74%18%
200thNorthern Star Resources52%61%
239thSouth3241%0%
510thFortescue Metals Group-8%10%
721 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

1st-Fortescue Metals Group$10,999.7m
2nd-South32$9,392.9m
4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
507 listed resources companies ranked by revenue.
Source: Morningstar

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