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FMG posts record half as margins narrow

FORTESCUE Metals Group has reported record half-year shipments and maintained full-year guidance, though the iron ore miner is assessing the implications of the indefinite closure of the Western Australian border.

Kristie Batten
FMG CEO Elizabeth Gaines

FMG CEO Elizabeth Gaines

Iron ore shipments for the six months to December 31 were 93.1 million tonnes, 3% higher than the same period of 2020. CEO Elizabeth Gaines said it was an outstanding result. C1 costs for the December...

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