FMG costs rise to two-year high

FORTESCUE Metals Group has maintained full-year guidance after a soft start to the new financial year.

FMG costs rise to two-year high FMG costs rise to two-year high FMG costs rise to two-year high FMG costs rise to two-year high FMG costs rise to two-year high

FMG's Herb Elliott Port. Image: Tony McDonough

The company shipped 40.2 million tonnes at C1 cash costs of US$13.19 per wet metric tonne, compared with the record 46.5Mt at $12.17/t in the June quarter.