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Murchison signs MOU with WestNet Rail

The jockeying by four different groups to position themselves as the preferred developer of new rail and port infrastructure in the Mid West has taken a new turn, with Murchison Metals Ltd linking with Babcock & Brown Ltd subsidiary WestNet Rail.

The two companies have signed a Memorandum of Understanding to investigate integration of WestNet's existing rail network with Murchison's proposed rail link to planned iron ore mines.

WestNet operates 5,100 kilometres of standard, narrow and dual gauge rail network across Western Australia, while Murchison owns the Jack Hills iron ore project and recently signed an agreement with Japan's Mitsubishi Development Pty Ltd to develop new rail and port infrastructure in the Mid West.

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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 29/07/16

1 year TSR5 year TSR
117thNorthern Star Resources158%67%
129thFortescue Metals Group144%-4%
409thSouth323%0%
487thIluka Resources-8%-14%
567thWoodside Petroleum-22%-2%
777 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/07/16
$0 Other
29/07/16
$0 Other
29/07/16
$414 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$11,264.3m
2nd↑Woodside Petroleum$6,935.4m
3rd-South32$6,492.2m
4th↑Iluka Resources$884.1m
5th↑Northern Star Resources$846.5m
526 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.992m
12thStephen Pearce$2.551m
25thNick Cernotta$1.566m
Ranked by total remuneration from all listed WA companies

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