FMG 1.13% $21.50 fortescue ltd

Ann: September 2022 Quarterly Production Report, page-41

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    * $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
 
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