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BRIEF-Fortescue Metals Group says qtrly shipments of iron ore was 44.7 mln tonnes

Published 27/07/2017, 08:45 am
© Reuters.  BRIEF-Fortescue Metals Group says qtrly shipments of iron ore was 44.7 mln tonnes
FMG
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July 27 (Reuters) - Fortescue Metals Group Ltd FMG.AX :

* Qtrly c1 costs US$ 12.16 /wmt versus US$ 13.06 /wmt in prior quarter

* Qtrly ore mined 53.5 million tonnes versus 44.7 million tonnes in prior quarter

* Guidance for FY18 has also been provided, targeting a further reduction in c1 costs to US$11-12/wmt and maintaining shipments of 170mt.

* In FY 18 c1 cost of US$11-12/wmt remains subject to fluctuations in australian dollar exchange rates and fuel prices

* Qtrly shipments of 44.7 million tonnes (mt) of iron ore

* FY18 depreciation and amortisation of US$7.40/wmt

* Has received unconditional commitments for a US$525 million revolving credit facility from financial institutions in Australia, China and Europe.

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