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BRIEF-Fortescue Metals issues FY17 guidance

Published 22/08/2016, 09:34 am
© Reuters.  BRIEF-Fortescue Metals issues FY17 guidance
FMG
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Aug 22 (Reuters) - Fortescue Metals Group Ltd FMG.AX :

* FY 2015 full year results media release FMG.AX

* FY 2017 shipping guidance of 165-170mt

* For FY 2017 sustaining capital expenditure of us$2/wmt

* Sees FY 2017 US$12-13/wmt average c1 cost based on an exchange rate of 0.75 and an oil price of US$50 per barrel

* Have repaid US$2.9 billion of debt in FY 2016, reducing net debt to US$5.2 billion and will continue to repay debt from operating cashflows"

* Source text for Eikon ID:nASX24c87b

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