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Iron ore still sweet for FMG

Despite being the lone iron ore voice at a gold-heavy Diggers & Dealers, Fortescue Metals Group C...

Kristie Batten

The Metal Bulletin 62% iron ore spot price is just under $US62 per tonne today and FMG has set FY17 C1 cost guidance of just $12-13 per wet metric tonne. UBS forecasts that FMG’s breakeven costs would...

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