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BRIEF-Fortescue Metals Sep 2015 Qtr ore mined 45.1 mt versus 42.9 mt last year

Published 15/10/2015, 09:58 am
© Reuters.  BRIEF-Fortescue Metals Sep 2015 Qtr ore mined 45.1 mt versus 42.9 mt last year
FMG
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Oct 14 (Reuters) - Fortescue Metals Group Ltd FMG.AX :

* September 2015 quarterly production report FMG.AX

* Qtrly ore mined 45.1 mt versus 42.9 mt last year

* Says US$16.90/wmt C1 cost for the September 2015 quarter

* FY 2016 guidance is maintained at 165mt shipped

* Qtrly total ore shipped 41.9 mt versus 41.5 mt last year

* Fortescue expects to exit FY 2016 with a production cost of US$15/wmt at an exchange rate of 0.72

* Says c1 cost guidance for FY 2016 of US$18/wmt will be formally updated at the half year results release

* Sustaining capital expenditure in FY 2016 is estimated at US$330 million or US$2/wmt excluding vessel funding

* Average realised price for the quarter of US$50/dmt represents a realisation of 91%

* Average 62% platts CFR price was US$55/dmt during the quarter compared to US$58/dmt in the June 2015 quarter

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