Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore major Fortescue Metals has halved its capital expenditure expectations for the 2015 financial year from $1.3-billion to $650-million. The miner said on Friday that the reduction in planned spend for 2015 was consistent with Fortescue’s ongoing focus on delivering operational efficiencies and reducing costs in order to maximise shareholder value.
Iron-ore major Fortescue Metals has halved its capital expenditure expectations for the 2015 financial year from $1.3-billion to $650-million. The miner said on Friday that the reduction in planned spend for 2015 was consistent with Fortescue’s ongoing focus on delivering operational efficiencies and reducing costs in order to maximise shareholder value.
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