Thursday 23 July 2015

Otmane El Rhazi : Fortescue targets further $1.4bn in cost savings for 2016

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Iron-ore major Fortescue Metals hopes to cut a further $1.4-billion in costs during 2016, by delivering on improvements in mining productivity and efficiencies. This target was in addition to the $1.6-billion of total delivered cost savings achieved between 2003 and the end of the 2015 financial year.

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