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FMG boosts shipments, lowers costs

THE world’s fourth largest iron ore producer Fortescue Metals Group has boosted quarterly shipments by 19%, exceeding guidance and achieving an annualised run rate of 59 million tonnes per annum.

Kristie Batten

FMG boosts shipments, lowers costs

The company shipped 14.77Mt of ore during the December quarter, which included 341,859t from the Nullagine joint venture with BC Iron. Guidance for the quarter was 13.5-14Mt and the increased production...

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