Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

Fortescue Metals Group Provides December 2019 Quarterly Production Report

30 Jan 2020  |  08:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: December 2019 Quarterly Production Report

Fortescue Metals Group released its December 2019 quarterly production results, reporting shipments of 46.4 Mt and cash production costs (C1) of US$12.54 per wet metric tonne (wmt) for the quarter. The Total Recordable Injury Frequency Rate (TRIFR) reduced to 2.5 on a rolling 12-month basis during the first half of FY 2020. C1 costs of US$12.54/wmt reduced by three per cent compared to US$12.95/wmt in Q1 FY 2020 reflecting strong mining and processing performance and sustained cost management. Sustained steel demand and low steel inventory contributed to higher steel margins in the quarter.

Please click here for full details

See more ASX300 News Announcements