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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BN30 Index

Index = 100 as of 4 Jan 2016
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Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
162ndMineral Resources64%15%
182ndNorthern Star Resources58%47%
592ndFortescue Metals Group-25%7%
635thAtlas Iron-33%-54%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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1st-Fortescue Metals Group$10,999.7m
4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
6th↓Northern Star Resources$850.6m
508 listed resources companies ranked by revenue.
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Remuneration from Fortescue Metals Group

593rdMark Barnaba$223k
698thSharon Warburton$170k
759thElizabeth Gaines$161k
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