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Fortescue reports cost increases for Eliwana Mine & Rail project

Fortescue Metals Group (Fortescue) revised (30-Jul-2020) its investment in the Eliwana Mine and Rail Project from USD1.28 billion to approximately USD1.38 billion. The Group cited "mitigating access delays" and the impacts of COVID-19 for these cost projections. FMG implemented measures to expedite the deployment of its first iron ore train, scheduled for Dec-2020. [more - original PR]

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