SURFACE

Costs climb at FMG

CASH production costs have climbed at Fortescue Metals Group to US$13.14 per wet metric tonne due, in part, to higher fuel costs and a stronger Australian dollar.

 Autonomous haulage has helped FMG keep its costs down.

Autonomous haulage has helped FMG keep its costs down.

The good news for FMG is that its productivity and efficiency initiatives helped offset some of that. Mining, processing, rail and shipping performance was broadly in line with expectations and lower...

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