One question kept coming up in the investor briefings held by Fortescue energy boss Mark Hutchinson in the two weeks after he confirmed the company’s clean power projects would offer barely half the returns of its iron ore developments.
How could Fortescue claim all mining and energy growth projects would be forced to compete on their merits, if the company was willing to tolerate a lower rate of return from the energy projects?
Peter KerResources reporterPeter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
Elouise FowlerReporterElouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Elouise on Twitter. Email Elouise at elouise.fowler@afr.com.au
