25
Oct
11:50
FMG price realisation improves but costs increase
Australia’s FMG saw mining costs increase in its first financial quarter (July-September 2019). Its realised prices increased however, and its discount to 62% indices narrowed, Kallanish notes.
In the July quarter, FMG’s C1 mining costs were up 8% from the previous quarter and 9% from a year earlier at $13.19/wet metric ton. The higher costs were mainly due to a deterioration in strip ratios to average 1.6 over the quarter. This led to an 11% in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous