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Media Release
Fortescue advocates community's
right to decide on future development
Port Hedland, 12 June 2015: Fortescue Metals Group (ASX: FMG; Fortescue) is a strong advocate for the Port Hedland community's right to consider all opportunities for future development, including the location of the proposed waterfront development.
The company does not oppose the recreational development of the Spoilbank independently or as part of an industry forum and believes activating the coastline with boardwalks, swimming and water play areas, playgrounds, exercise spaces, waterfront dining, barbeque facilities and fishing platforms will significantly enhance social and leisure opportunities for locals and visitors.
Coordinating General Manager Port and Rail Gerhard Veldsman said Fortescue supported development that provided recreational amenities for Port Hedland families and visitors.
"A waterfront development focused on delivering water-based recreation and leisure opportunities would be a welcome addition to the Port Hedland community. As we continue to expand the recreational facilities on offer, we entice families to live and settle in Port Hedland and this is beneficial for the whole community," he said.
"Fortescue acknowledges the extensive community consultation process involved in the proposed waterfront development and stands firm on the Port Hedland community's right
to decide on future development."
Media Contacts:
Jasmin Sleeman
+61 439 754 679 [email protected]
Fortescue Metals Group Limited ABN 57 002 594 872 ACN 002 594 872
ADDRESS Level 2, 87 Adelaide Terrace, East Perth, Western Australia 6004
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Fortescue Metals Group
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DEVELOPMENT STAGE |
CODE : FMG.AX |
ISIN : AU000000FMG4 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Fortescue Metals is a iron development stage company based in Australia. Fortescue Metals holds various exploration projects in Australia. Its main assets in development are CHRISTMAS CREEK and NULLAGINE IRON in Australia and its main exploration property is SOLOMON GROUP in Australia. Fortescue Metals is listed in Australia and in Germany. Its market capitalisation is AU$ 77.9 billions as of today (US$ 50.8 billions, € 47.5 billions). Its stock quote reached its lowest recent point on January 29, 2016 at AU$ 1.41, and its highest recent level on April 26, 2024 at AU$ 25.02. Fortescue Metals has 3 113 799 936 shares outstanding. |