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FMG cuts costs as low-grade discount widens

Iron ore miner shaves more off bottom line

Kristie Batten
FMG has continued to bring down costs over the past four years

FMG has continued to bring down costs over the past four years

C1 costs for the December quarter were a record low US$12.08 per wet metric tonne, down by 4% and closer to the full-year guidance range of $11-12/wmt.   Shipments were 40.5 million tonnes of iron...

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