FMG 1.56% $18.27 fortescue ltd

Fortescue have entered a whole new playing field, and they're...

  1. 11,208 Posts.
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    Fortescue have entered a whole new playing field, and they're showing what will be achieved and proven to work in-house first. That's clearly what you and the market are overlooking.

    Fortescue's in-house decarbonisation fully costed plan over the next 5.5 years is going to save them US$818 million per annum in net operating cost from 2030, at prevailing market prices of diesel, gas and Australian Carbon Credit Units.

    Cumulative operating cost savings of US$3 billion by 2030 and payback of capital by 2034, at prevailing market prices.That will mean that their US$6.2bn capex will only cost them US$3bn thereabouts.

    Their in-house decarbonisation plan will have a dual commercial effect on the overall business going forward.

    And that's just their in-house plans.

    Watch this space and this company as you clearly have been.

    Tony
 
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