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Fortescue Metals Group doubles down in costs race as profit slips

​Fortescue Metals Group is continuing its breakneck race to cut costs as it attempts to boost cash flow and cut into its huge debt pile.

The miner posted a small fall in net profit to $US319 million for the December half, from $US331 million in the previous year.

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Amanda Saunders is based in Melbourne and writes on business, mining and iron ore. Connect with Amanda on Twitter. Email Amanda at amanda.saunders@afr.com.au

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    Original URL: https://www.afr.com/companies/mining/fortescue-metals-group--doubles-down-in-costs-race-as-profit-slips-20160224-gn1v7s