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Tougher quarter for FMG

FORTESCUE Metals Group had to contest with a high Aussie dollar, a drop in iron ore prices and weaker consumption of steel during the September quarter, with the producer reporting a slight drop in iron ore shipments and a 7% increase in cash costs.

Lauren Barrett
Tougher quarter for FMG

Releasing its September quarterly results to the market today, the debt-laden miner said total ore shipped for the three-month period was 16.1 million wet metric tonnes, compared to the 17.8Mwmt it shipped...

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