Last Updated: Nov 30 2009 - Silobreaker

Fact Sheet for Fortescue Metals Group Ltd

Nationality: Australia
Contact Address: Level 2, 87 Adelaide Terrace East Perth Western Australia 6004 Australia  Tel: +61-8-6218-8888
General: Since the Company was formed in 2003, its extraordinary growth has been unparralleled.  With a market capitalisation of more than $30 billion and an ever-growing reputation for success, Fortescue is well-positioned to become the next Australian mineral export heavy-weight. Construction of Fortescue's port, rail and mine project commenced in February 2006 with the turning of the first sod at the Company's port site at Anderson Point in Port Hedland.  Just two years later, the open-access rail infrastructure is complete, the Fortescue Herb Elliott Port is operational and the mining operations at the Company's first minesite, known as Cloudbreak, are well underway. Fortescue's project was founded on the raising of A$3.7 billion capital, including A$1 billion equity, during two finance roadshows in August 2006 and July 2007. The August 2006 raising was the largest single high-yield Asia-Pacific transaction, the largest high-yield bond project financing ever, one of the largest corporate bonds out of Australia and one of the largest global bond issues in the sector. Since then Fortescue has grown to become a S&P/ASX 50 company. Source:
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