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fmg annual report 2020

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CSL reported net profit after tax was US$2,103 million for year ended 30 June 2020. 3rd Quarter 2020. Fortescue's share of Iron Bridge capital expenditure incurred by year is estimated to be: Capital expenditure on the US$700 million project, incurred by year is estimated to be: Fortescue holds the largest tenement portfolio in the Pilbara region of Western Australia. MineHutte ratings) ... FMG in record net cash position after revenue soars . Compare the latest price, visualised quantitative ratios, annual reports, historical dividends, pricing and company announcements to find out. Cash generated from operations of US$4,201 million was 267 per cent higher than the prior period, largely as a result of higher Underlying EBITDA. The Company is committed. The syndicated term loan is now due to mature in June 2025, and remains on the same terms and conditions. Comprehensive employment taxes such as fringe benefits taxes, payroll taxes and various employee insurances. Finance expenses of US$150 million for the half year ended 31 December 2019 include US$16 million of costs expensed as a result of early debt repayments and refinancing completed during the period. The Company continues to look for opportunities for automation to drive greater efficiency across the business, including the use of data to predict outcomes and optimise performance, the expansion of autonomous mining and further application of relocatable conveyor technology. Total Recordable Injury Frequency Rate per million man hours worked, comprising lost time injuries, restricted work and medical treatments. L-R: FMG deputy chairman Mark Barnaba AM, WA mines minister Bill Johnston, FMG CEO Elizabeth Gaines and FMG COO Greg Lilleyman at … Here you'll find our annual reports and other publications of interest, including our client newsletter FMG Post. Finnish Battery Chemicals Oy, our project company, launched an environmental impact assessment (EIA) procedure in March 2020 regarding the production of battery materials production in Finland. FMG has been an established Incident Management specialist for over 30 years. This entity allows Fortescue to improve its offering through the direct supply of products to Chinese customers in smaller volumes, sold in Renminbi directly from regional ports. the half year was focussed on iron ore in the Western Hub and Eastern Hamersley regions in the Pilbara, and early stage target generation for copper-gold in the North Paterson and Rudall region in Western Australia. Fortescue is building on its world-class exploration expertise, operational reputation and capability of its people through early stage exploration in highly prospective areas to deliver future shareholder value. Net cash flows from operations include net interest payments of US$96 million (HY19: US$101 million) and income tax paid of. The debt capital structure allows optionality and flexibility for future growth. Dated in Perth on this 19th day of February 2020. As at 31 December 2019, Fortescue employed 839 Aboriginal people, representing 11 per cent of the total workforce. During September 2019, Fortescue successfully completed a US$600 million offering of Senior Unsecured Notes, the proceeds of which were applied to the partial repayment of US$600 million of the outstanding US$1.4 billion 2022 Syndicated Term Loan Facility (Term Loan). No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial, credit or lending product or to engage in any investment activity, or an offer of any banking or financial service. Shipments in the upper end of the range of, Capital expenditure of US$2.4 billion, incorporating the Pilbara Energy Connect program, Depreciation and amortisation of US$7.70/wmt, New and amended standards adopted by the Group, Determining whether an Arrangement contains a Lease, lease payments. Rural insurer FMG defends its reinsurance cover in first ever online annual meeting . Lease liabilities are subsequently measured at present value, adjusted for any variations to the underlying contract terms. Since its inception in 2011, the Billion Opportunities Program has awarded more than A$2.5 billion in contracts and subcontracts to over 120 Aboriginal businesses and joint ventures. The Group enters into contractual arrangements for the leases of mining equipment, vehicles, buildings and other assets. Neu-Ulm, 24.10.2019 | Das neue EFQM Modell 2020 –Dr. It owns and operates the Chichester Hub that consists of the Cloudbreak and Christmas Creek mines located in the Chichester Ranges in the Pilbara, Western Australia; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley Ranges in the Pilbara, Western Australia. Share. This includes the power we generate (Scope 1), as well as the power we purchase from third party producers (Scope 2). Protecting biodiversity and water resources, Creating employment and business opportunities for Aboriginal people. Fortescue's world class integrated operations and customer-focussed marketing strategy. businesses and markets‑facing businesses. Tax Transparency Report. Annual report Download full report. View today’s FMG share price, options, bonds, hybrids and warrants. banking, wealth management and business banking. operations with Alinta Energy's Newman gas-fired power station. The EIA procedure has been divided into the Kymenlaakso and western coast procedures, which will be carried out on different schedules. The Company exceeded its target, achieving a risk reduction of 16.2 per cent across the business. The consolidated entity comprises the Company and the entities it controlled during that half year. Annual Reports. 4 March 2020. These financial statements cover the consolidated group consisting of Fortescue Metals Group Ltd (the Company) and its subsidiaries, together referred to as Fortescue or the Group. Other contributing factors are outlined below. A review of a half year financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. In FY19, each operating area was set a target of reducing their fatality risk profile by 15 per cent by the end of the year. The Foundation encourages Macquarie staff to give back to the communities in which they live and work by contributing service, financial support and leadership to the community organisations they feel passionately about. The Company operates a Dividend Reinvestment Plan (the Plan) which allows eligible shareholders to elect to invest dividends in ordinary shares which rank equally with the ordinary shares of the Company. A range of sectors has no financial maintenance covenants across all instruments period: US $ 852 million for half! And ore sold for the entire period unless otherwise stated you 'll our... Interim dividend of 76 Australian cents per share of 79.7 US cents throughout Australia and South America including Ecuador Colombia! The Aussie dollar ( AUD ), and financial analysts first Quarter of iron ore.... All areas of Macquarie to maintaining Mine life and sustaining product quality in Fortescue 's stakeholders in with! 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