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FMG cuts costs as low-grade discount widens

Fortescue Metals Group (AU:FMG) has, again, beat its own quarterly cash cost record, but the discount for its lower-grade product continued to widen.

FMG cuts costs as low-grade discount widens FMG cuts costs as low-grade discount widens FMG cuts costs as low-grade discount widens FMG cuts costs as low-grade discount widens FMG cuts costs as low-grade discount widens

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.
 
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