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MINER'S RIGHT
FMG's environment v profit strategy
It’s difficult criticising someone who has built a mining business from zero to a stock-market value of more than US$40 billion in less than 20 years, as well as becoming a champion of the environmental movement, but there is growing disquiet about the future of Australia’s remarkably successful Fortescue Metals Group.
What Andrew Forrest plans for FMG, a business he created and in which he holds a stake of more than 35%, has divided investors and could be starting to weigh on the share price which has fallen by 25%...
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