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TOUGH TALK: Michael Woodley says he will attempt to address FMG shareholders tomorrow to alert them of the destruction of the culturally significant sites.

Fortescue rejects claims of 'destruction'

UPDATE: Fortescue Metals Group has vehemently denied claims from a native title group that it is operating unlawfully with regards to Aboriginal heritage at one of its Pilbara mines.

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Perth
If this is true what stuns me as much as the cultural sites issue is that a large company would not pay consultancy fees if the report's findings were not aligned to the company's interests. That would be wrong on a whole number of levels. Surely FMG would not do that? Surely not St Andrew? In my many years of experience doing consulting in China, this sounds so familiar. Is it rubbing off?

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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 31/12/18

1 year TSR5 year TSR
229thSouth321%
258thWoodside Petroleum-0%1%
306thFortescue Metals Group-9%-2%
398thIluka Resources-22%-0%
405thMineral 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

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
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

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