CAPITAL MARKETS

FMG misses guidance

FORTESCUE Metals Group reached a run-rate of 160 million tonnes of iron ore per annum last month but fell short of its full-year and quarterly guidance.

Kristie Batten

FMG misses guidance

The company shipped 38.7Mt for the June quarter, compared with its guidance of 41.6Mt. That included 13.3Mt shipped last month, equating to a record run-rate of 160Mtpa. Full-year shipments were...

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