Ms Gaines said FMG was "privileged" to continue operating during the pandemic.
"We did take this responsibility seriously and through a range of COVID-19 measures and the commitment of the entire Fortescue team, there was no impact on our shipping schedule," she said.Full-year shipments, at more than 178 million tonnes, were 6 per cent higher than what was achieved in the last financial year.Iron ore exports to China have fuelled FMG's performance and Mr Forrest's latest payday.
"Now more than ever, we cannot lose sight of the fact that we are a trading nation as we continue to benefit from our valuable trading relationship with China," she said.She said the mining industry helped fund Australia's health, education and public infrastructure. "Just to give that some additional context, our state royalties of $1.25 billion were enough to fund the opening of almost 20 new secondary schools in Western Australia," she said.Fortescue CEO Elizabeth Gaines says it was a year of record achievements for the miner.
"Notably, the iron ore price has held up strongly through this period, due to that remarkable recovery we've seen in China's economy as well as some ongoing supply constraints, particularly in South America," she said.
Obscene!!!
Forest hasn’t earned that money. The workers of Fortesque have. He should be redistributing it among them and taking on more workers so that people don’t have to work long hours away from their families.
billionaires belong in the ground
$25 million a week and he still wants more. Compulsive hoarding.
What the 'pandemic' is really about:
China owned
Lets eat the rich today!!
Fucker needs a good guillotining.
Jobkeeper! How great is that!
There’s no such thing as an ethical billionaire. I’m sure he’s distressed with a sense of helplessness while many Australians have lost their jobs. How can one man earn billions while in a pandemic but ScottMorrisonMP can’t find any money to keep jobkeeper going?
and we're all in this together....
ItaButtrose Given his ‘close’ relationship with China has he spoke to them about their treatment of the Uyghurs and does he address this in the Boyer lectures? I bet his ‘social conscience’ does not get in the way of business relationships that make a few billion for himself?
How much will Andrew Forrest take with him when he dies?
oh, but the philanthropy!
This man does & gives a lot. Deserves a happy life
shalailah Hoarder.
That’s great. But after exploiting this Country’s resources I just wish he gave something back by paying his fair share of Tax.
He’s a walking argument for communism.
I'm sure much of that will go to worthy and charitable causes. Or does he need it all?
What a fucking grub
How much tax does he pay?
Maybe he could throw a few bucks to his Chinese mates for a vaccine?The “Rona”doesn’t seem to exist in China anymore. In fact I’m led to believe it didn’t even make it to Beijing or Shanghai 🤷♂️🤷♂️🤷♂️
good luck to him ...
Our taxes! 😡
Be neat if this grifter paid tax. ABC - get on to it.
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