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FMG slashes costs

AS THE iron ore price hit a new low overnight, Fortescue Metals Group reported an 11% drop in its...

Kristie Batten
FMG slashes costs

C1 costs for the December quarter dropped from $32.08 per wet metric tonne to $28.48/wmt, including costs of $27.37/wmt for the month of December. It prompted FMG to lower its C1 cost guidance to $25-26/wmt...

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