* $6bn investment which is largely planned by FY24-28.
* FFI Maximum annual expenditure = $1.5bn.
* US$1.1 billion unused capital.
* The decarbonisation at Fortescue will result in net operating cost savings of US$818 million per annum at prevailing market prices from later this decade.
* Almost 100 million litres of diesel usage avoided already at the Chichester Hub in FY22.
* 600 million million litres of diesel usage avoided to go.
* Potential to reduce 20 to 25 per cent off their costs by that stage.
* They're re-investing back into the business - investing in growth ie decarbonisation.
* They're maintaining balance sheet strength.
* And providing shareholder returns.
Tony
Ann: September 2022 Quarterly Production Report, page-41
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$21.41 |
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Mkt cap ! $65.92B | |||
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