Further cost reductions for FMG

FORTESCUE Metals Group has lowered its C1 costs by a further 5% to a record low.

Further cost reductions for FMG Further cost reductions for FMG Further cost reductions for FMG Further cost reductions for FMG Further cost reductions for FMG

C1 costs for the September quarter were down for an 11th consecutive quarter to $US13.55 per wet metric tonne.

Costs are down by 20% year-on-year, but still above full-year guidance of $12-13/t.