CAPITAL MARKETS

FMG June costs drop below $20/t

FORTESCUE Metals Group has beaten its full-year iron ore shipping guidance and reduced quarterly costs by a further 14%.

Kristie Batten
FMG June costs drop below $20/t

The company’s quarterly shipments rose by 5% to 42.4 million tonnes, taking its full-year shipments to 165.4Mt, in line with UBS estimates of 165.3Mt and above guidance of 160-165Mt. C1 cash costs for...

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