Flip
it would have to be under US$49/t delivered by now.
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He said the company was on track to reduce cash costs this quarter, delivered into China, from the $US49.20 logged in the final quarter of last year.
“We finished last quarter at around $US50 and we are continuing to improve,” Mr Power said. But he said the company would have to balance debt repayments with future dividends and that debt repayments would come first.
“That won’t be up for review until February when we assess the current financial situation and the strength of the market and the financial position of the company,” he said. In 2012, when prices fell to near $US80, Fortescue reacted with a mass of redundancies and restructuring.
Mr Power said he was confident the company was in good enough shape to avoid similar actions now.
Flip it would have to be under US$49/t delivered by now....
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$21.92 |
Change
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Mkt cap ! $67.49B | |||
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