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FMG to sign with China Gezhouba Group

Fortescue Metals Group plans to partner with Chinese engineering group China Gezhouba Group to lift output at its Pilbara iron ore mines to 95 million tonnes per year.

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Perth
I sincerely hope that this new partnership does not lead to yet another active mining operation being placed at risk due to an influx of non-english speaking workers, as we have seen happen in the North-West on another iron ore billionaire's operation.

Perth
But I thought the sky was falling, Twiggy?

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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 31/01/19

1 year TSR5 year TSR
137thOM Holdings22%18%
141stFortescue Metals Group20%6%
270thSouth32-3%
323rdIluka Resources-11%2%
342ndMineral Resources-13%12%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

18/12/18
$0 Issued
30/11/18
$117.6m Bought
21/11/18
$23.2m Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑South32$10,519.6m
2nd↓Fortescue Metals Group$9,358.7m
4th-Mineral Resources$1,706.7m
5th↑Iluka Resources$1,079.2m
6th↑OM Holdings$996.7m
504 listed resources companies ranked by revenue.
Source: Morningstar

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