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BRIEF-Fortescue Metals maintains FY17 guidance for iron ore shipments

Published 22/02/2017, 09:44 am
Updated 22/02/2017, 09:50 am
© Reuters.  BRIEF-Fortescue Metals maintains FY17 guidance for iron ore shipments

© Reuters. BRIEF-Fortescue Metals maintains FY17 guidance for iron ore shipments

Feb 22 (Reuters) - Fortescue Metals Group Ltd FMG.AX :

* Achieved further improvement in our c1 costs to us$13.06/wmt and shipped 86.1 million tonnes for half year, slightly ahead of targets

* FY17 guidance is maintained for iron ore shipments of 165-170 million tonnes with a c1 cost of us$12-13 per wet metric tonne

* "Will continue to repay debt"

* A$0.20 per share fully franked interim dividend represents a net profit payout ratio of 38 per cent Source text for Eikon: Further company coverage: FMG.AX

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