30
Jan
08:54
FMG cuts costs but price realisation falls
Australia’s FMG cut its iron ore mining costs to a new record low in the December quarter, but continues to be plagued by poorer prices for its lower Fe-content ore. Outgoing chief executive Nev Power meanwhile passed the baton to incoming Elizabeth Gaines with a mission to extend the company’s success into other minerals, Kallanish notes.
In the December quarter (financial Q2), FMG mined 47.5 million wet metric tons of ore, up 4% quarter-on-qua…
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Anonymous
Very good overview of the weekly steel market.
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