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'

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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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 29/06/18

1 year TSR5 year TSR
61stAtlas Iron187%-42%
204thNorthern Star Resources56%70%
209thMineral Resources53%19%
531stFortescue 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

Share Transactions

$0 Issued
$0 Other
$0 Other
Total value as at the date of the transaction
Source: Morningstar


1st-Fortescue Metals Group$10,999.7m
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

Remuneration from Fortescue Metals Group

554thMark Barnaba$223k
656thSharon Warburton$170k
714thElizabeth Gaines$161k
Ranked by total remuneration from all listed WA companies

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