From the Sydney Morning Herald
Correction: An earlier version of this story stated that Fortescue's breakeven price was $US71 a tonne, according to UBS research, and the miner was therefore only just breaking even in the September quarter. That is incorrect. It should have stated that Fortescue's breakeven was a benchmark index price of $US71 a tonne. Analysts estimate Fortescue made a $300 million cash surplus in the quarter. Read more: http://www.smh.com.au/business/mini...ion-record-20141016-116yv9.html#ixzz3GTFjUA8m
fmg quarterly, page-65
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