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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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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 28/02/19

1 year TSR5 year TSR
108thFortescue Metals Group33%8%
112thWoodside Petroleum31%5%
137thSouth3224%
308thOM Holdings-8%23%
381stMineral Resources-19%9%
730 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$7,536.1m
4th-Mineral Resources$1,706.7m
5th↑OM Holdings$1,512.8m
487 listed resources companies ranked by revenue.
Source: Morningstar

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