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FMG celebrates 12Mt milestone

LOWER cash costs and higher iron ore prices combined with record quarterly output has resulted in a strong quarter for Fortescue Metals Group, though it has warned of lower prices in the current quarter.

Kristie Batten
FMG celebrates 12Mt milestone

As previously flagged, the company shipped 12.16 million wet metric tonnes of ore from its own mines, plus 201,214 wet metric tonnes from its 50:50 Nullagine joint venture with BC Iron for total quarterly...

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