Question

Select any one company listed on the Australian S&P/ASX200 Index and discuss that company’s 2020 mission statement/vision. There is a word     limit of 200 words for this question.

Answer 1

Fortescue metals group is one of the companies which is listed on the Australian stock exchanges and it is the fourth largest iron ore producing area in the entire world and largest iron ore producing company in Australia and it is listed on the Australian stock exchanges.

fortescue metals group is continuously known for providing higher amount of profit and it has almost 1437 crores of revenues in Australian dollars as per 19-20 and its headquarters are in Perth Australia and the founder of the company was Andrew forest.

the mission and vision of the company is to become the largest iron ore producing in the world and it is trying to increase its capacity and the company since has been founded in 2003, is trying to achieve its mission and vision through the acquisition of a large number of subsidiaries all across the world which will be including metals Limited and FMG resources and this company has recently reported a 49 per cent increase in its profit even during the turbulent times of coronavirus crisis and iron ore prices continuously increased which is leading to increase in the gross revenue of the company and it is also having the pricing power and it is one of the largest market capitalisation company which is listed on stock exchanges of Australia.