From mining industry upstart to giant

For FMG, 2016 is a lucky year. On August 22, fortescue released its 2016 fiscal year (as of June 30, 2016) financial statements. According to the report, FMG2016 fiscal year net income of $985 million, increased 211.7% year-on-year; Before interest, tax, depreciation and amortisation of $3.195 billion, increased 27% year-on-year.