Fortescue lifts Q4 output by 20%

July 27, 2017

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Iron-ore miner Fortescue Metals reported a 20% quarter-on-quarter increase in ore mined during the three months to June 30, with C1 costs down 7% over the same period.

Fortescue on Thursday reported that the miner produced 53.6-million tonnes in the fourth quarter, shipping some 44.7-million tonnes of ore, a 13% increase over the third quarter.

Category: General