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 11 Aug 2018

Article Timeline

Positions - Previous

PositionCompanyYearCompany's current rankWA staff
Chief Executive Officer, Executive Director
Fortescue Metals Group
Fortescue Metals Group
2011 - 20181
Chief Executive, Australian Operations
2007 - 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$12,572,274

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 29/06/18

1 year TSR5 year TSR
61stAtlas Iron187%-42%
204thNorthern Star Resources56%70%
209thMineral Resources53%19%
531stFortescue Metals Group-10%13%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$486k Issued
$1.1m Issued
$0 Other
Total value as at the date of the transaction
Source: Morningstar


1st-Fortescue Metals Group$10,999.7m
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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