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FMG aiming to boost margins

FORTESCUE Metals Group will launch a new, higher-grade iron ore product into the market as soon as late 2018 in order to combat falling margins.

Elizabeth Gaines

Elizabeth Gaines

The increasing discounts for FMG's lower-grade ore drove the approval earlier this year of the US$1.275 billion Eliwana mine development, a replacement for Firetail. The company reported a maiden reserve...

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