SURFACE

FMG cuts costs again

SHIPMENTS of 41.9 million tonnes with cash product costs of $US16.90 per wet metric tonne were the high points for Fortescue Metals Group’s September 2015 quarterly production results.

Noel Dyson
FMG has set another cost cutting record.

FMG has set another cost cutting record.

Operational efficiencies and cost reductions along with good price realisations helped generate improved operating cashflows too. FMG has been able to buy back $US384 million of debt on market while...

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