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Prime Minister Tony Abbott.

PM backs iron ore inquiry

Prime Minister Tony Abbott has declared support for an inquiry into the iron ore industry, providing a huge boost for the campaign being waged by Fortescue Metals Group chairman Andrew Forrest against his two biggest competitors.

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Comments

Perth
Fascinating state of affairs. What is intriguing is that the shareholders of both BHP and RIO have not complained despite the decimation of shareholder value in each. Either they know something about the long term value of an oligopoly or they are totally impotent. An Enquiry could be very interesring and might change the blinkered vision of the ACCC.

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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 31/01/18

1 year TSR5 year TSR
195thMineral Resources59%18%
231stSouth3245%0%
393rdWoodside Petroleum9%4%
568thFortescue Metals Group-19%5%
722ndAtlas Iron-45%-55%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/11/17
$0 Bought
03/10/17
$9k Issued
29/09/17
$0 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st-Fortescue Metals Group$10,999.7m
2nd-South32$9,392.9m
3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↓Atlas Iron$896.6m
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.324m
618thMark Barnaba$223k
732ndSharon Warburton$170k
Ranked by total remuneration from all listed WA companies

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