Fortescue Ltd 2018 AR2
The report highlights Fortescue Metals Group's performance for the fiscal year 2018, during which the company achieved its production target of 170 million tonnes of iron ore shipped. Fortescue reduced its C1 costs to US$12.36 per wet metric tonne, maintaining its position as the lowest-cost supplier of seaborne iron ore to China. The company celebrated major milestones, including shipping its one billionth tonne of iron ore and marking the tenth anniversary of its Vocational Training and Employment Centre (VTEC). Additionally, Fortescue announced the development of the US$1.275 billion Eliwana mine and rail project and commenced the rollout of autonomous haulage technology at the Chichester Hub.
Company: Fortescue Ltd
Sector: Materials
Country: Australia
Year: 2018
Type: AR2
Pages: 148
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Fortescue Ltd
Annual Report
The report highlights Fortescue Metals Group's performance for the fiscal year 2018, during which the company achieved its production target of 170 million tonnes of iron ore shipped. Fortescue reduced its C1 costs to US$12.36 per wet metric tonne, maintaining its position as the lowest-cost supplier of seaborne iron ore to China. The company celebrated major milestones, including shipping its one billionth tonne of iron ore and marking the tenth anniversary of its Vocational Training and Employment Centre (VTEC). Additionally, Fortescue announced the development of the US$1.275 billion Eliwana mine and rail project and commenced the rollout of autonomous haulage technology at the Chichester Hub.
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Document Details
Report Year
2018
Reporting Period
Jul 1, 2017 - Jun 30, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
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