EXPLORATION & DEVELOPMENT

FMG shipments hit record as Iron Bridge blows out again

FORTESCUE Metals Group lifted full-year shipment guidance but, like many of its peers, is feeling the heat on costs.

FMG CEO Elizabeth Gaines

FMG CEO Elizabeth Gaines

March quarter iron ore shipments of 46.5 million tonnes were 10% higher year-on-year. Shipments for the nine months to March 31 were a record 139.5Mt, leading the company to increase full-year guidance...

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