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PLS adds cheaper Fortescue power to its Pilgangoora growth engine
8:00am on Wednesday 28th of October, 2026 AEDT
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Mining
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PLS adds cheaper Fortescue power to its Pilgangoora growth engine
8:00am on Wednesday 28th of October, 2026 AEDT
Key Points
Record quarterly production of 267.6kt after the Ngungaju restart
Fortescue PPA targets A$15 to A$20/t lower FOB costs from 2029
P2000 expansion approved at A$1.9 billion with first ore due in September quarter 2029
FY27 capex guidance rises to A$1.13 billion to A$1.195 billion
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