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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's mining operations 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 31/12/18
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 229th | South32 | 1% | |
| 258th | Woodside Petroleum | -0% | 1% |
| 306th | Fortescue Metals Group | -9% | -2% |
| 398th | Iluka Resources | -22% | -0% |
| 405th | Mineral Resources | -24% | 10% |
716 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 |  | 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 |
513 listed resources companies ranked by revenue.
Source: Morningstar
Source: Morningstar
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Some of the information on ASX-listed public companies is sourced from Morningstar Australasia Pty Ltd (ABN: 95 090 665 544).
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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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