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Media Release
Response to media coverage
Perth, 27 May 2015:
"We note with concern the media coverage today regarding Fortescue's international
operations.
Full details of Fortescue's international operations were contained in its own submission to the Senate Economics References Committee dated 29 January, 2015. A copy of this submission is available on the public record.
Fortescue confirms that it pays the applicable tax rates in the countries that it operates and that all income earned by those subsidiaries is then attributed back to Australia and applicable tax paid.
The Singapore Company referred to was established specifically as the entity by which Fortescue would invest in the China Beijing International Mining Exchange. It has undertaken no other activity.
Fortescue is proud of its record of not transferring profits overseas and paying its full share of tax and royalties to Australia."
Stephen Pearce
Chief Financial Officer
Media Contacts:
Luke Forrestal
+61 411 479 144 [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$ 54.9 billions as of today (US$ 37.4 billions, € 33.7 billions). Its stock quote reached its lowest recent point on January 29, 2016 at AU$ 1.41, and its highest recent level on September 19, 2024 at AU$ 17.64. Fortescue Metals has 3 113 799 936 shares outstanding. |