Search

FMG signs off-take agreement

FORTESCUE Metals Group Ltd this week announced an off-take agreement with Shanghai Baosteel Group Corporation for up to 20 million tonnes of iron ore per year, following a trading halt on Friday. FMG has secured buyers for the majority of its planned 45 million tonnes a year output. Fortescue and Baosteel have also signed a memorandum of understanding to form a joint venture to explore and develop a potentially large area of Banded Iron Formation magnetite material close to the Fortescue rail corridor and between the mine site at Cloud Break and Port Hedland.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byLPC cresa

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 31/08/18

1 year TSR5 year TSR
216thWoodside Petroleum35%5%
259thSouth3226%0%
363rdMineral Resources6%12%
397thIluka Resources1%-1%
612thFortescue Metals Group-29%3%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

06/09/18
$20k Bought
31/08/18
$0 Other
31/08/18
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑South32$10,519.6m
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
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

533rdMark Barnaba$223k
634thSharon Warburton$170k
691stElizabeth Gaines$161k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer