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Ellison brands Fortescue an iron ore bully

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Key Points

  • Revenue ($m) 1530.5 up 55pc from year-earlier 987.4
  • EBITDA ($m) 927 v 1575.3
  • Net profit ($m) 519 v 879.7 
  • Interim dividend (c) 100 v 23, payable on March 9 

Mineral Resources boss Chris Ellison has lashed out at Andrew Forrest’s Fortescue Metals Group, accusing it of using bully boy tactics in an attempt to limit iron ore production.

Mr Ellison hit out at Fortescue and fellow rich lister Mr Forrest with whom he is involved in a legal battle over the future of the project once touted as Australia’s first Aboriginal-owned iron ore mine.

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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com

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    Original URL: https://www.afr.com/companies/mining/mineral-resources-sees-light-at-end-of-lithium-tunnel-20210210-p5714g