The Fence
Mining & Resources

Fortescue AGM highlights company performance and commitment to diversity

Fortescue Metals Group (ASX:FMG) held its Annual General Meeting in Perth highlighting the company’s continued performance in
improving productivity and efficiency, generating strong operating cash flows for ongoing debt

Chief Executive Officer, Nev Power outlined Fortescue’s results for the 2016 financial year,
noting that the company had improved its safety performance by 15 per cent, while shipping
169.4 tonnes and reducing C1 costs by 43 percent.

“My sincere thanks to all of the Fortescue team for their contributions to the excellent
outcomes achieved across our operations, which are delivering superior returns for our

“We are well placed to continue this journey during FY17 through our clearly aligned strategy
to optimise production, maximise efficiency and consistently deliver quality products, ensuring
we remain at the lowest end of the global cost curve,” Mr Power said.

Fortescue’s Chairman, Andrew Forrest announced a number of changes to the Board of
Directors, with Penny Bingham-Hall and Jennifer Morris to join the Board as Non-Executive
Directors and Owen Hegarty and Geoff Raby to step down at the convenience of the Board.

The Directors were joined at the AGM by the members of the Company’s Leadership
and Excellence in Aboriginal People (LEAP) program.

Fortescue’s LEAP is a twelve-month mentoring program designed to give motivated and high
performing Aboriginal employees the opportunity to become leaders in their own right.

“We are committed to empowering generational change in Aboriginal communities.

Fundamental to this is inspiring and supporting our Aboriginal leaders by providing long term
career paths and nurturing the talent of the next generation so they can be role models for
their people,” Mr Power said.

Rebecca Councillor, a Process Operator at Fortescue’s Port Operation, says she is honoured
to be selected for the LEAP program and to share this journey with her fellow Aboriginal

“I am always trying to inspire others with my leadership journey, to help my people see that if
you set yourself goals and put the hard work in, you can achieve anything you put your mind
to,” Ms Councillor said.


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