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FMG signs land agreement
FORTESCUE Metals Group has announced the signing of a major land access agreement across most of its Chichester Range iron ore project site, in the Pilbara.The agreement, between FMG and the Nyiyaparli people, removes any Native Title constraints that may have impeded access to tenements within the 40,000 square kilometre area, the company said in a statement.The area covered by the agreement incorporates 80 per cent of the resources targeted under FMG’s financing plan to provide for its forecast mine life of 20 years.FMG said a framework for remaining agreements covering infra-structure and the rest of the project area had also been settled.
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Fortescue Metals Group (FMG)
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 29/03/18
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 162nd | Mineral Resources | 64% | 15% |
| 182nd | Northern Star Resources | 58% | 47% |
| 292nd | South32 | 23% | 0% |
| 592nd | Fortescue Metals Group | -25% | 7% |
| 635th | Atlas Iron | -33% | -54% |
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar
Source: Morningstar
Share Transactions
Total value as at the date of the transaction
Source: Morningstar
Revenue
| 1st |  | Fortescue Metals Group | $10,999.7m |
| 2nd | | South32 | $9,392.9m |
| 4th | | Mineral Resources | $1,470.4m |
| 5th |  | Atlas Iron | $896.6m |
| 6th | | Northern Star Resources | $850.6m |
508 listed resources companies ranked by revenue.
Source: Morningstar
Source: Morningstar
Remuneration from Fortescue Metals Group
| 593rd | Mark Barnaba | $223k |
| 698th | Sharon Warburton | $170k |
| 759th | Elizabeth Gaines | $161k |
Ranked by total remuneration from all listed WA companies
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Show moreIt is important to note that the Morningstar information displayed by Business News is not to be copied or distributed except as authorised; and that such information is not warranted to be accurate, complete or timely and that neither Morningstar nor Business News are responsible for any damages or losses arising from any use of this information.
The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
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