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FMG delivers again on cost

FORTESCUE Metals Group has posted another quarter of record low C1 costs, though iron ore price realisation continued to fall.

Kristie Batten
FMG delivers again on cost

The company shipped 44 million tonnes of iron ore at C1 costs of US$12.15 per wet metric tonne, down by 1c over the previous quarter, but 10% lower year-on-year. The company said normalising costs at...

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