Fortescue Quarterly Iron Ore Production Costs Fall 35%

  • Iron ore producer forecasts further reductions in coming year
  • World’s No. 4 shipper remains in talks with Vale on ventures

Fortescue's Power: Looking to Reduce Costs Further

Fortescue Metals Group Ltd., the iron ore producer that’s cut debt by almost $3 billion since last July, said fourth-quarter cash costs fell 35 percent as it continued to slash operating expenses and bolster margins amid increased demand from China.

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