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.

Tougher quarter for FMG Tougher quarter for FMG Tougher quarter for FMG Tougher quarter for FMG 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.

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