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 to lost jobs.


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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 29/06/18

1 year TSR5 year TSR
61stAtlas Iron187%-42%
204thNorthern Star Resources56%70%
209thMineral Resources53%19%
531stFortescue Metals Group-10%13%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

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Total value as at the date of the transaction
Source: Morningstar


1st-Fortescue Metals Group$10,999.7m
4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

565thMark Barnaba$223k
668thSharon Warburton$170k
726thElizabeth Gaines$161k
Ranked by total remuneration from all listed WA companies

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