Original article by Tess Ingram
The Australian Financial Review – Page: 13 & 22 : 29-Aug-16

Fortescue Metals Group’s free cash flow increased by 93 per cent in 2015-16, to $US2.7bn, while its debt was slashed by $A2.9bn. Fortescue’s production cost averaged $US50 per tonne several years ago, but this was reduced to $US13.10 in June 2016 and the group aims to further reduce this in 2016-17. A number of factors have contributed to the reduction in production costs, such as the lower Australian dollar, the fall in the crude oil price, increased production and a significantly lower strip ratio.

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FORTESCUE METALS GROUP LIMITED – ASX FMG,{SPAC}VALE SA,{SPAC}PATERSONS SECURITIES LIMITED,{SPAC}CITIGROUP PTY LTD,{SPAC}MORNINGSTAR PTY LTD,{SPAC}MACQUARIE GROUP LIMITED – ASX MQG