FMG swipes back at Swan

Fortescue Metals Group has hit back at Treasurer Wayne Swan, calling his attack on company founder Andrew Forrest “extreme”, “irrational” and “very disappointing”.


(existing subscribers)

The password field is case sensitive.
Request new password


What is the matter with this bloke? He has spent all of our reserves and now he wants to slay the geese who lay the golden eggs! What part of finance does he not understand?

The problem is it's true. They do use there power to influence,they do use there money to influence & they badly wounded a former PM.Gina Rhinehart buying into the media?(shudder) Palmer joking about doing the same? I think he was joking! Packer interrupting a NRL grand final to put across scripted comments while the game was in progress about betting reforms, Eddie Mcquire refering to a tax on footy re the same reforms(works for Packer)& News Limited(Murdoch) which controls 71% of the printed press in Australia & has an obvious agenda. About time someone open up this discussion! Go Swan.

totally agreed with the chairmens comments from FMG, really we should be looking at Mr Swan and labours lack of commitment in supporting australia instead of being a burden in adding more taxes, removing green incentives and doing deals with other parties instead of representing the views of their constitutes

Australian Lunatic Party at it again. Making outrageous statements. So now wealthy people threaten democracy. 18 months to go and take your stupid carbon tax with you when you go.

I'm sorry when did Australia become a communist society, between Gillard and Swan we are about a hairs breadth away from living in communist Russia. Get serious Swanny. I believe we all live here so we get the benefits of a democracy not communism!!!!!!!!

So the Government is now worried about freedom of speech and taxpayers having the ability to publish a view that is counter to their own. I often wish that I could afford a full page advert to get my view across. Thankyou to Fortescue for doing this for me on this occasion.

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 31/10/18

1 year TSR5 year TSR
216thWoodside Petroleum19%3%
398thFortescue Metals Group-9%-0%
423rdIluka Resources-11%-3%
441stMineral Resources-15%9%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$15.0m Bought
$20k Bought
$0 Other
Total value as at the date of the transaction
Source: Morningstar


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
512 listed resources companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer