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Fortesque cuts iron ore production costs by 24% in Q1
Published Thu, Oct 15, 2015 · 09:50 PM
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Sydney
FORTESCUE Metals Group, the fourth-biggest iron ore exporter, cut first-quarter production costs by 24 per cent and trimmed debt, bolstering its balance sheet with prices forecast to extend declines.
Cash costs averaged US$16.90 a wet ton…
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