July 22 (Reuters) - Fortescue Metals Group Ltd FMG.AX :
* June 2015 quarterly production report FMG.AX
* June quarter ore mined 42.1 million tonnes versus 43.8 million tonnes last year
* June quarter total ore shipped 42.4 million tonnes versus 38.7 million tonnes last year
* Re-affirms its FY 2016 shipping guidance at 165MTPA with C1 cost guidance of US$18/WMT
* Says has US$2.4 billion of cash on hand at 30 June 2015
* June quarter C1 costs US$ 22.16 /Wet Metric Tonne versus US$ 34.03/Wet Metric Tonne last year
* Says "US$1.6 billion of savings achieved over the last two financial years with an additional US$1.4 billion to be realised in FY 2016"
* Rebound in the iron ore price during the quarter saw co's realisation of us$52/DMT improve from 85% to 89% for the quarter
* Average 62% platts CFR price US$58 per dry metric tonne during June 2015 quarter compared to US$62/DMT in March 2015 quarter
* Says fortescue's Net Debt at 30 June 2015 was US$7.2 billion
* "Completed its capital expansion program and is not planning to invest in any additional production capacity"
* "Continues to expect to realise between 85-90% of the 62% Platts index going forward"
* Says total delivered costs for June were US$28/wmt
* Steel prices starting to show signs of recovery driven by residential property development in major Chinese cities and continued strong exports
Source text for Eikon ID:nASX2WCN7l