FMG says Brockman can't fit on rail network

Fortescue Metals Group says its Pilbara rail network is at capacity and any move to allow Brockman Mining access would result in reduced state iron ore royalties and federal taxes, and ultimately lead


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Oh the irony ! FMG used to whinge that BHP / Rio would not allow access to their railways, now the pot is calling another kettle black - hahaha. It's all just legal games of course - all in commerce. By the way, no corporate entity should be forced to share its property, but ultimately the legal title to all property is claimed by Government anyway, by virtue of the company / legal person registration processes. ; )

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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 30/11/18

1 year TSR5 year TSR
242ndWoodside Petroleum6%2%
345thFortescue Metals Group-8%-2%
363rdIluka Resources-10%1%
425thMineral Resources-19%12%
741 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$117.6m Bought
$23.2m Bought
$15.0m Bought
Total value as at the date of the transaction
Source: Morningstar


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
509 listed resources companies ranked by revenue.
Source: Morningstar

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