Jan 28 (Reuters) - Fortescue Metals Group Ltd FMG.AX :
* December 2015 quarterly production report FMG.AX
* Qtrly c1 costs $15.80 /wmt versus $16.9/wmt in prior quarter
* FY 2016 guidance is maintained at 165mt shipped.
* Q2 total ore shipped 42.1 mt versus 41.1 mt
* Will continue to use accumulated cash for further debt reduction and reaffirms its initial targeted gearing level of 40 per cent.
* Q2 ore mined 44.8 mt versus 43.6 mt
* Exploration expenditure expected to be US$36 million in FY 2016
* FY 2016 capital expenditure is now estimated to be US$200 million
* Source text for Eikon ID:nASX6KTXR9
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