Profitable Fortescue electrified by green cost savings

MANAGEMENT

‘World’s lowest-cost iron ore miner’ suggests electric fleet can cut expenses by 20%

An electric train in action in WA.

An electric train in action in WA. | Credits: Fortescue

Fortescue’s much-sledged investments in green technologies have helped the self-proclaimed “world’s lowest-cost iron ore miner” boost margins by delivering structural changes in costs amid stronger sales…

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