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Fortescue chief executive Nev Power.
Fortescue, Vale to form joint venture
Tuesday, 8 March, 2016 - 06:31
Fortescue Metals Group and Brazilian competitor Vale are looking to reshape the iron ore market, announcing this morning plans for Vale to invest in FMG shares and for the two companies to form a joint venture to sell blended ore into China.
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Fortescue Metals Group (FMG)
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 29/06/18
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 61st | Atlas Iron | 187% | -42% |
| 204th | Northern Star Resources | 56% | 70% |
| 209th | Mineral Resources | 53% | 19% |
| 244th | South32 | 42% | 0% |
| 531st | Fortescue Metals Group | -10% | 13% |
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar
Source: Morningstar
Share Transactions
Total value as at the date of the transaction
Source: Morningstar
Revenue
| 1st |  | Fortescue Metals Group | $10,999.7m |
| 2nd | | South32 | $9,392.9m |
| 4th | | Mineral Resources | $1,470.4m |
| 5th |  | Atlas Iron | $896.6m |
| 6th | | Northern Star Resources | $850.6m |
507 listed resources companies ranked by revenue.
Source: Morningstar
Source: Morningstar
Remuneration from Fortescue Metals Group
| 554th | Mark Barnaba | $223k |
| 656th | Sharon Warburton | $170k |
| 714th | Elizabeth Gaines | $161k |
Ranked by total remuneration from all listed WA companies
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The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
Show moreIt is important to note that the Morningstar information displayed by Business News is not to be copied or distributed except as authorised; and that such information is not warranted to be accurate, complete or timely and that neither Morningstar nor Business News are responsible for any damages or losses arising from any use of this information.
The information is general information only and does not constitute financial advice It is not intended to be, and should not be construed in any way as, investment, legal or financial advice
Retail clients should be advised the Morningstar Financial Services Guide can be found at http://www.morningstar.com.au/fsg.asp
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