The fire brigade is out in force talking management changes, investment hurdles and the dividend.
Fortescue Metals Group’s fire brigade is out in force, armed with buckets of water to pour over questions from still-shocked fund managers and analysts on Australia’s east coast.
He said “the events of the last week have not been ideal, but the talk of instability within the organisation couldn’t be further from the truth,” according to top mining analyst Glyn Lawcock’s telling of events. While the analysts were caught off-guard by last week’s management changes – you could hear that in their questions on the earnings call – there’s little point arguing with Barnaba or even Fortescue founder Forrest about what happened. It’s done.
One of Fortescue’s arguments is that the energy projects will have much longer lives, and justify a lower IRR into perpetuity. However, that argument has yet to catch on as far as analysts are concerned.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘They were good people’: Forrest opens up on Fortescue exitsAndrew Forrest says the miner needs “constant alignment of interest” in the company’s green ambitions as he addressed the departures of three high-profile executives from the company over the past week.
Read more »
‘They were good people’: Forrest opens up on Fortescue exitsAndrew Forrest says the miner needs “constant alignment of interest” in the company’s green ambitions as he addressed the departures of three high-profile executives from the company over the past week.
Read more »
‘They were good people’: Forrest opens up on Fortescue exitsAndrew Forrest says the miner needs “constant alignment of interest” in the company’s green ambitions as he addressed the departures of three high-profile executives from the company over the past week.
Read more »
Why top execs are leaving the mining company with a ‘green vision’Senior business reporter Jonathan Barrett speaks to Jane Lee about iron ore giant Fortescue’s recent high-profile resignations
Read more »
Forrest’s comments on Hick ‘inappropriate’Andrew Forrest’s explanation for Fortescue Metals Group CEO Fiona Hick’s departure as her deciding not to ‘get on the bus’ with his green energy vision were disappointing and showed a lack of respect, two female leaders say.
Read more »