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Fortescue Metals Group chief executive Nev Power. Photo: Attila Csaszar

Rio, FMG aim to boost local suppliers

Iron ore miners Rio Tinto and Fortescue Metals Group have announced initiatives designed to assist local suppliers, with Rio establishing a dedicated procurement team and FMG shortening payment terms.

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Total Shareholder Return as at 31/10/16

1 year TSR5 year TSR
296thRio Tinto12%-1%
408thWestpac-2%13%
423rdTelstra-4%21%
519thWoolworths-19%-1%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/12/13
$0 Bought
13/12/13
$90k Sold
03/05/13
$1k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
3rd↓Rio Tinto$49,225.3m
5th-Telstra$26,607.0m
6th↑Westpac$21,642.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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