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BRIEF-Fortescue Metals says mined 49.5 million tonnes ore in first quarter

Published 20/10/2016, 09:46 am
© Reuters.  BRIEF-Fortescue Metals says mined 49.5 million tonnes ore in first quarter
FMG
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Oct 20 (Reuters) - Fortescue Metals Group Ltd FMG.AX

* Q1 ore mined 49.5 mt versus 47.8 mt in Q4 FY16

* Q1 total ore shipped 43.8 mt versus 43.4 mt in Q4 FY16

* Q1 c1 cost us$ 13.55 /wmt versus us$14.31/wmt in Q4 FY16

* FY17 guidance is maintained at 165-170mt shipped

* Price realisations are expected to return to 85-90 per cent guidance range throughout FY17

* Full year sustaining capital is expected to average US$2.00/WMT

* Sees FY17 US$12-13/WMT C1 cost Source text for Eikon: ID:nASX3pQ8gX Further company coverage: FMG.AX

(Bengaluru Newsroom; +1 646 223 8780; )

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