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Fortescue costs rise to two-year high

Fortescue costs rising but so is average iron ore sales price

Kristie Batten
FMG's Herb Elliott Port in Western Australia. Image: Tony McDonough

FMG's Herb Elliott Port in Western Australia. Image: Tony McDonough

The company shipped 40.2 million tonnes at C1 cash costs of US$13.19 per wet metric tonne, compared with the record 46.5Mt at $12.17/t in the June quarter. While analysts had expected lower shipments,...

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