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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
FMG posts major production, cost improvements

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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