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FMG's Cloudbreak mine.

Bell tolls for iron ore miners

To best understand what’s gone wrong with Western Australia’s iron ore industry you need to start by looking back 12 years, to 2003, when an ambitious Andrew Forrest created Fortescue Metals Group.

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Perth
None of the now global iron ore production surplus supply is news, back in 2003 modelling by BHPBIO as part of it due diligence process for the then new Area C project showed exactly what has transpired over the last 5 years, even the timing of it with supply starting to exceed demand in 2012-2014 period..................so why is anyone surprised ??

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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

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 30/04/19

1 year TSR5 year TSR
53rdFortescue Metals Group70%13%
186thWoodside Petroleum16%3%
324thSouth32-6%
354thMineral Resources-10%10%
373rdOM Holdings-13%25%
729 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/03/19
$11k Issued
18/12/18
$0 Issued
30/11/18
$117.6m Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑South32$10,519.6m
2nd↓Fortescue Metals Group$9,358.7m
3rd-Woodside Petroleum$7,536.1m
4th-Mineral Resources$1,706.7m
5th↑OM Holdings$1,512.8m
486 listed resources companies ranked by revenue.
Source: Morningstar

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