Fortescue Metals assesses the damage

IRON ore company Fortescue Metals Group Ltd has warned of possible delays and cost overruns at its flagship project, after cyclone George battered the Pilbara last week. The category four cyclone killed two people and injured 16, destroying a number of supposedly ‘cyclone proof’ structures at three of FMG’s sites. The company has appointed an independent panel of experts to review its procedures and processes, and a Coroner’s inquiry and Worksafe investigation will be held. A total of 731 FMG workers were evacuated from the three impacted sites. The company said the extent of damage to its Cloud Break mine and rail construction site, 260 kilometres south-east of Port Hedland, had yet to be fully assessed.


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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 31/08/18

1 year TSR5 year TSR
216thWoodside Petroleum35%5%
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

$20k Bought
$0 Other
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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
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

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