27
Jul
15:28
FMG cost cutting supports debt reductions
Australia’s FMG has seen its mining costs fall for the tenth consecutive quarter over April-June 2016 as the company enjoys low strip ratios. That is allowing the company to further pay down its debts and achieve more sustainable savings, Kallanish notes.
The company shipped 43.4 million tonnes of ore in the last quarter of its financial year, 3% more than the previous quarter and 2% more than a year earlier. Its C1 cash costs were down -3% on the quarter …
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Anonymous
Very good overview of the weekly steel market.
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