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Analysis: Mining by Mercedes

Mining by Mercedes is not what you think. It doesn’t mean the vehicles in Australia’s mines will be flash Mercedes Benz cars. It does mean that the German car maker might soon be directly investing in Australian mining.

What’s driving Mercedes, or to be more accurate its parent company, Daimler, into direct mining investment is a sudden realisation that China is not its only worry when it comes to the future supply of raw materials, especially exotic elements such as rare earths.

Banking is the second problem which has popped up on Daimler’s radar, more specifically a concern that struggling European banks will not be able to fund the development of the new mines needed to maintain a flow of the minerals and metals which are used in making vehicles.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
112thAtlas Iron71%-58%
170thSouth3241%0%
289thFortescue Metals Group12%13%
308thNorthern Star Resources9%36%
321stWoodside Petroleum6%3%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

03/10/17
$9k Issued
29/09/17
$0 Bought
26/09/17
$27k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$10,999.7m
2nd↑South32$9,392.9m
3rd-Woodside Petroleum$5,715.9m
4th↑Atlas Iron$887.9m
5th-Northern Star Resources$850.6m
489 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

4thNev Power$5.324m
655thMark Barnaba$223k
774thSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

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