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FMG ups capex

CAPITAL expenditure more than doubled at Fortescue Metals Group over the 2016-17 year, with almost half of that being sustaining capital.

Noel Dyson
The FMG Nicola is one of the four ore carriers the company had delivered in the 2016-17 financial year.

The FMG Nicola is one of the four ore carriers the company had delivered in the 2016-17 financial year.

FMG’s capital expenditure for the year was US$716 ($A903.5) billion, up considerably on the $304 million it spent in FY16. Sustaining capital was $354 million, more than the company spent in capex in...

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