Peter Huston

Chief General Counsel at Fortescue Metals Group Ltd.

Peter Huston

Peter Huston

Chief General Counsel at Fortescue Metals Group Ltd.

Overview
Career Highlights

Fortescue Metals Group Ltd.

RelSci Relationships

2121

Number of Boards

6

Number of Awards

3

Relationships
RelSci Relationships are individuals Peter Huston likely has professional access to. A relationship does not necessarily indicate a personal connection.

Former Managing Director & Chief Executive Officer at Resolute Mining Ltd.

Relationship likelihood: Strong

Chief Executive Officer, Managing Director, Executive Director at GME Resources Ltd.

Relationship likelihood: Strong

Chief Executive Officer, Director & MD at Resolute Mining Ltd.

Relationship likelihood: Strong

Chief Executive Officer at Fortescue Metals Group Ltd.

Relationship likelihood: Strong

Founder at Fortescue Metals Group Ltd.

Relationship likelihood: Strong

Co-Deputy Chairman at Fortescue Metals Group Ltd.

Relationship likelihood: Strong

General Manager-Magnetite, Asia Region at Fortescue Metals Group Ltd.

Relationship likelihood: Strong

Former Secretary & General Counsel at Atlantic Ltd.

Relationship likelihood: Strong

Former Deputy Non-Executive Chairman at VDM Group Ltd.

Relationship likelihood: Strong

Former Independent Non-Executive Director at Resolute Mining Ltd.

Relationship likelihood: Strong

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Peter Huston
Chief General Counsel at Fortescue Metals Group Ltd.
Career History
Chief General Counsel
2005 - Current

In less than a decade, Fortescue has gone from strength to strength through its unparalleled growth. Listed in the S&P/ASX50 share index, Fortescue has firmly established itself as one of the world's leaders in iron ore production and sea-borne trading. Fortescue's tenements are located throughout the resource rich Pilbara region of Western Australia and in such close proximity to the world's major markets of China and Asia, making the Pilbara widely regarded as the world's best address for iron ore. Fortescue has achieved these goals through engagement and support from key stakeholders including our people, local communities including traditional land owners, governments, suppliers, customers, non-government organisation and the financial markets

Partner
Prior - 1993
Partner
Prior

Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers based in over 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia. Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact. Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP, Norton Rose Fulbright South Africa (incorporated as Deneys Reitz Inc) and Fulbright & Jaworski LLP, each of which is a separate legal entity, are members (‘the Norton Rose Fulbright members’) of Norton Rose Fulbright Verein, a Swiss Verein. Norton Rose Fulbright Verein helps coordinate the activities of the Norton Rose Fulbright members but does not itself provide legal services to clients.

Boards & Committees
Non-Executive Director
2017 - Current

GME Resources Ltd. is a mineral exploration and investment company, which explores and mines for nickel and gold. The company was founded on July 27,1987 and is headquartered in Fremantle, Australia.

Director
2001 - Current

Troika Legal is an Australian private company specializing in legal services.

Non-Executive Chairman
2001 - 2017

Resolute is one of the largest gold producers listed on the ASX with three operating gold mines in Africa and Australia that have full exposure to the gold price. It continues to build shareholder value through its proven track record as a successful developer and operator of quality gold projects over the past 20 years. Its projects to date have yielded over 6 million ounces of gold. The Company is actively progressing its portfolio of projects and assessing new opportunities to further enhance shareholder value. The 2012 Financial Year has been a transformational period for Resolute Mining. Our substantial, hedge free gold production is generating strong cashflows in the current gold price environment. This has enabled Resolute to eliminate its debt and make significant cash returns to our shareholders while retaining sufficient funding to complete organic growth projects. Resolute is now extremely well positioned for the future. Production in FY12 of nearly 400,000 ounces of gold was a 20 per cent increase on that produced in the previous year. At the same time average group cash costs of $761 per ounce were down 16% on last year and resulted in a marked improvement in profits and cashflow. We are expecting a continuation of this performance in FY13 with a further production increase forecast albeit at a slightly higher unit cash cost. This means we are in an enviable position to consider strategic initiatives to add long term value for our shareholders. The Syama operation in Mali continues to improve and is now Resolute’s major asset. It has become a more consistent and reliable operation this year and is expected to approach its design throughput and production levels in FY13. This has contributed to the Resolute Board’s confidence in committing to a $241 million expansion during FY12 that will make Syama an even more substantial and robust long term asset. The expansion plan consists of three projects: the deepening of the main Syama pit which will double its life to 15 years; addition of an oxide circuit to add lower cost production ounces from treatment of the near-surface oxide ore along strike of the main pit; connection of the site to grid power which will deliver significant energy cost savings and other operational benefits. At Ravenswood in Queensland, the performance of the Mt Wright mine has been very pleasing. The mining method is now well established and is delivering on both its technical and financial parameters. We expect this to continue in the coming year. The Mt Wright decline is now developed to its designed depth and further development drilling to extend the depth of the ore body has commenced with positive early results. The feasibility study on the re-opening of the Sarsfield open pit, which will deliver a new long term ore source for the plant, is being critically reviewed for both capital and operating cost savings. The process to obtain all regulatory approvals for this is well advanced. Our Golden Pride mine in Tanzania is now in its final year of operation. It has been a key asset of the company and will have produced nearly 2.2 million ounces of gold over its 15 year life. We have an approved closure plan and we are well advanced in our work to meet its requirements. The Nyakafuru project, located 120 kilometres from Golden Pride, is shaping as a potential new development option in Tanzania utilising a relocated Golden Pride plant. An extensive drill program to expand the current 1.1 million ounce resource has met with good success and we should get a better understanding of the prospects for this project over the coming year. We are planning for another strong year on the exploration front with an approved budget of $22 million. Apart from Nyakafuru, our major focus is on expanding the oxide resources along the Syama strike where we have already had exceptional success. Further drilling of the breccia pipe targets at Ravenswood, in particular the Golden Valley breccia complex, is also planned. Our greatly improved financial position has provided an opportunity to pursue a number of new initiatives to add value for Resolute shareholders. Firstly, we have been able to return just over $70 million to shareholders this year through an opportunistic share buyback program and a 5 cent per share dividend, our first such payment in 13 years. Secondly, we have been able to commit to the organic growth projects without recourse to further debt or equity fund raising activities. Thirdly, we are well placed to consider further growth options to add to our production profile through acquisition or farm in opportunities. Striking the right balance between these three key areas is a challenge that I believe Resolute’s management team and Board has the necessary experience, skills and dedication to accomplish. We are now very well placed to deliver further value to shareholders. The continued commitment of our employees, support of the Board and encouragement from shareholders is important to the outcomes we will achieve. I would like to very much thank you all for your support and look forward to the year ahead.

Investments
Awards & Honors
Barrister
Court Admission: US Supreme Court
Admitted to the High Court of Australia
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