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FMG contract to WorleyParsons

BUDDING iron ore developer Fortescue Metals Group Ltd has awarded a $160 million development contract to WorleyParsons Ltd for its $2 billion iron ore project. The contract covers the engineering, procurement and construction of the project, which is due to start producing iron ore late next year. Fortescue is now working on completing the permanent project finance package for the mine, after securing a project credit line of $US200 million earlier this year. Shares in Fortescue pulled back 45 cents to $7.90 while WorleyParsons gained 22 cents to $20.38.

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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 31/10/18

1 year TSR5 year TSR
216thWoodside Petroleum19%3%
243rdSouth3213%0%
398thFortescue Metals Group-9%-0%
423rdIluka Resources-11%-3%
441stMineral Resources-15%9%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

26/10/18
$15.0m Bought
06/09/18
$20k Bought
31/08/18
$0 Other
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$5,050.0m
4th-Mineral Resources$1,706.7m
5th↑Iluka Resources$1,079.2m
512 listed resources companies ranked by revenue.
Source: Morningstar

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