Ann: Fortescue Liebherr Green Equipment Partnership, page-33

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WesTig

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25/09/24

18:36

Post #: 75837938
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Originally posted by tomboy: ↑

market loves it
yet FMG is one of the largest carbon emitters in Oz regardless of the hype and bluster.

another 2.4MT of carbon emissions is dumped by FMG this year and tier 3 emissions of 12MTpa from their refiners this year regardless of the green Io and battery stuff they announce

We failed to stick to the core business said the dumped RIO CEO after losing $12B cash.
Same lesson here.

Stick to the core business !
Pump out more IO at lower costs, build those mills mines and ports with more vertical integration and REDUCE JUNK BOND DEBT. Exmouth port & mine still sitting fallow.
the IOP is what it is and FMG cant change that part of it but it can change the costs and build the infrastructure it needs & uses.
Electric/battery trains and trucks & more automation are a cost cutting exercise.

Yet where is the FMG investment into battery metals, non existent.
For that $2B they wasted/burnt on H gas, they could have bought up massive Li Ni Co Mn mines and mills across WA and started up their own PCam refinery as IGO/Wyloo & PBT/POS had tried to do but gone nowhere.

Green IO is like green coal, its doesnt exist.
The emissions might reduce by 10% but thats still NOT GREEN or 0 net emissions imho.

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No offence, madam tomboy, I'm a simple man and I prefer to stick to Twiggy's simple zero carbon by 2030 goal, uncluttered by sidetracking by the usual cohort of critics!

Your 10% reduction estimate is in my opinion laughable! Twiggys just getting on with it.Come back in 2030 when results are in.

Obviously you're entitled to express your opinions, and it's my prerogative to decline them. Thankyou, Wes

FMG Price at posting: $18.85 Sentiment: Buy Disclosure: Held
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