SURFACE

FMG feels the weight of extra overburden

FORTESCUE Metals Group’s costs have risen to a two-year high as the impact of having to shift extra overburden is felt.

FMG's relocatable conveyor has helped it double throughput capacity.

FMG's relocatable conveyor has helped it double throughput capacity.

FMG's cash costs were up 8% on the previous quarter to US$13.19 per wet metric tonnes. While a portion of that was due to the higher overburden, scheduled maintenance and higher fuel costs played a...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.