FMG approaching net cash after strong quarter

FORTESCUE Metals Group has had a strong quarter of cash build as costs remained below US$13 per tonne and iron ore prices held up.

FMG approaching net cash after strong quarter FMG approaching net cash after strong quarter FMG approaching net cash after strong quarter FMG approaching net cash after strong quarter FMG approaching net cash after strong quarter

FMG shipped 42.2 million tonnes, 9% down quarter-on-quarter, but up 5% year-on-year.

C1 costs rose slightly quarter-on-quarter to $12.95 per wet metric tonne.

topics

loader