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Record breaking Fortescue flags export boost – The Australian Financial Review

The iron ore miner capped its perfect year with a stronger than expected export performance and vow to do it again next year.

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Shares in the miner were 2.23 per cent higher in morning trade, marking yet another record high for the stock.
Fortescue shares have risen more than ten-fold since they were fetching $1.62 at the cyclical bottom of the commodity market in February 2016.
The strong operational performance was marred by news that development of the Eliwana mine would cost up to $US100 million more than previously thought.
Fortescue said Eliwana would now cost between $US1.325 billion and $US1.375 billion, up fr…

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