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Coleman calls for new approach to projects

WOODSIDE managing director Peter Coleman has called for a major rethink of the way engineering contractors and resources companies approach the development of new projects.

With costs having risen sharply, he said there needed to be a greater focus on construction during the early design phase.

With current methods of plant design, “most of the high-end professional design goes into the technology of processing at the plant, not into the construction of the facility,” Mr Coleman told a Business News Success & Leadership breakfast this week.

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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 31/10/17

1 year TSR5 year TSR
167thMineral Resources57%20%
218thSouth3237%0%
242ndAtlas Iron31%-58%
345thWoodside Petroleum13%3%
473rdFortescue Metals Group-9%7%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

31/10/17
$7k Bought
31/10/17
$7k Bought
31/10/17
$6k 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-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Woodside Petroleum

1stPeter Coleman$7.555m
19thMike Utsler$1.986m
23rdRobert Edwardes$1.668m
Ranked by total remuneration from all listed WA companies

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