FMG 3.19% $22.62 fortescue ltd

Ann: Half Year Results to 31 December 2020, page-6

  1. 188 Posts.
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    Interesting that the big change seems to be in the schedule. Production was scheduled to start first half 2022 and that has been pushed out to second half 2022. Maybe procurement of large items for the plant, pipeline etc is taking longer than expected. You would think that this far into the project that contracts would have been awarded / close to being finalised for all the major items, hence cap ex well understood. But a delay of 6 months is obviously a longer term cost in production loss.
 
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