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FGE is a completely different style of business with different economics. Mining infrastructure companies make their money in the construction boom, Mining companies make their money after the construction boom as they mine the deposit. FMG's capex is done, its now just a story of mining the deposits and clearing debt and paying dividends to shareholders.To put the matter of the work place deaths in perspective, BHP's worst year of work place fatalities was 16 deaths in one year. Offcourse the death is a terrible occurrence and I hope the contracting company running FMGs work shop learn the lessons needed.
FGE is a completely different style of business with different economics. Mining infrastructure companies make their money in the construction boom, Mining companies make their money after the construction boom as they mine the deposit. FMG's capex is done, its now just a story of mining the deposits and clearing debt and paying dividends to shareholders.
To put the matter of the work place deaths in perspective, BHP's worst year of work place fatalities was 16 deaths in one year. Offcourse the death is a terrible occurrence and I hope the contracting company running FMGs work shop learn the lessons needed.
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