FMG cuts costs again

FORTESCUE Metals Group has managed to cut its cash production costs yet again, this time to US$12.16 per wet metric tonne and reckons it can drop them even further.

FMG cuts costs again FMG cuts costs again FMG cuts costs again FMG cuts costs again FMG cuts costs again

FMG's autonomous haulers have brought it a 20% productivity improvement.

The June quarter production cost result was a 15% improvement over the June 2016 quarter and 7% lower than the March 2017 quarter.

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