Fortescue Ltd 2016 AR2
The report highlights Fortescue Metals Group's performance for the fiscal year ended June 30, 2016, showcasing a transition to steady-state operations and global cost leadership. The company achieved a 15 percent reduction in its Total Recordable Injury Frequency Rate (TRIFR) to 4.3 and shipped a record 169.4 million tonnes of iron ore. Fortescue successfully reduced its C1 operating costs by 43 percent to US$15.43 per wet metric tonne, resulting in US$1.9 billion in cost savings for the year. This strong operational performance generated significant cash flows, enabling the company to prepay US$2.9 billion of debt and reduce net debt to US$5.2 billion. Additionally, the company continued its commitment to social responsibility, awarding A$1.8 billion in contracts to Aboriginal businesses through its Billion Opportunities program.
Company: Fortescue Ltd
Sector: Materials
Country: Australia
Year: 2016
Type: AR2
Pages: 157
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Fortescue Ltd
Annual Report
The report highlights Fortescue Metals Group's performance for the fiscal year ended June 30, 2016, showcasing a transition to steady-state operations and global cost leadership. The company achieved a 15 percent reduction in its Total Recordable Injury Frequency Rate (TRIFR) to 4.3 and shipped a record 169.4 million tonnes of iron ore. Fortescue successfully reduced its C1 operating costs by 43 percent to US$15.43 per wet metric tonne, resulting in US$1.9 billion in cost savings for the year. This strong operational performance generated significant cash flows, enabling the company to prepay US$2.9 billion of debt and reduce net debt to US$5.2 billion. Additionally, the company continued its commitment to social responsibility, awarding A$1.8 billion in contracts to Aboriginal businesses through its Billion Opportunities program.
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Document Details
Report Year
2016
Reporting Period
Jul 1, 2015 - Jun 30, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Women on Board
Women in Management
Employees