DEBT DEAL: FMG CEO Nev Power has announced a new financing arrangement.

FMG secures new financial backers

Fortescue Metals Group has resolved its short-term funding problems after securing the backing of global banking groups Credit Suisse and JP Morgan for a new US$4.5 billion credit facility.


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Perth Western Australia
Congratulations to the Fortesque team for an intelligent, decisive and robust solution which will sure up the Company for many years to come. Congratulations to Credit Suisse and JP Morgan on having the intestinal fortitude to take a risk in such a way as to give the market absolute confidence. This type of co-operation is what is needed to guide us through our self imposed GFC.

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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 30/04/18

1 year TSR5 year TSR
125thAtlas Iron88%-48%
157thMineral Resources74%18%
200thNorthern Star Resources52%61%
510thFortescue Metals Group-8%10%
721 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Issued
$0 Other
$0 Other
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

584thMark Barnaba$223k
688thSharon Warburton$170k
748thElizabeth Gaines$161k
Ranked by total remuneration from all listed WA companies

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