Here is the most recent top 20 FMG shareholders (refer to FMG annual Report 2019 P 146) of which the majority are foreign owners cobered by custodian companies such as HSBC ( Hong Kong & Shanghai Banking Corporation)https://www.fmgl.com.au/docs/default-source/annual-reporting-suite/fy19-annual-report.pdfIf you are studious enough you can study the convertion options held by foreigh creditors who have the option to convert loans to equity.NB : sometines working at the "coalface" may not reveal who actually owns the coal...eh?The big 2 WA iron ore miners RIO & BHP are predominantly foreign owned. I'll supplythe link next post.
