Fortescue’s iron ore shipments up five percent in December quarter

Friday, 01 February 2019 14:39:19 (GMT+3)   |   Istanbul

Australian iron ore miner Fortescue Metals Group has announced that its iron ore shipments in the second quarter ended December of the financial year 2018-19 totaled 42.5 million mt, rising by six percent compared to the previous quarter and up five percent from the same period of the previous financial year.

According to Fortescue, during the December quarter it mined 49.2 million mt of iron ore, down five percent from the previous quarter and up by four percent year on year.

The company expects its iron ore shipments in the financial year 2018-19 to be around 165-173 million mt, with second half shipments expected to be higher than the first half.

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