Fortescue Metals Group Limited Announces Production Results for the Quarter Ended December 2012; Provides Production Guidance and Raises Capital Expenditure Guidance for the Year 2013
The company's production guidance remains between 82wmt and 84wmt and annualized production of 155mtpa for the year 2013.
Capital guidance for the year 2013 has increased to USD 6.3 billion from USD 4.6 billion to reflect the increase in capital expenditure following the refinancing and announcement of the Kings restart. Overall 155 project expenditure of USD 9.0 billion excluding the mining fleet remains in line with prior guidance.