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FMG posts major production, cost improvements

FORTESCUE Metals Group has boosted production and lowered unit costs in the June quarter, resulti...

Kristie Batten

June quarter shipments increased by 24% to 25 million tonnes, and ran at an annualised capacity of 120Mt per annum, 5Mtpa better than expected. C1 cash costs fell 17% to $36.01 per wet metric tonne,...

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