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FMG in record haul

WESTERN Australian iron ore miner Fortescue Metals Group shipped a record 47.3 million tonnes in the June quarter and 178.2Mt for the year, more than 6% than the previous year.

Karma Barndon
FMG CEO Elizabeth Gaines

FMG CEO Elizabeth Gaines

FMG's cash costs for the quarter were $18.13 per wet metric tonne, for an average return of $112.81 per dry metric tonne. Cash on hand is $6.82 billion with debt of $420 million, after FMG spent $2.79...

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