Original article by Peter Ker
The Australian Financial Review – Page: Online : 27-Jul-18

Pure-play iron ore miner Fortescue Metals Group has advised that its shipments reached a record 46.5 million tonnes in the final quarter of 2017-18, and it shipped 169.7 million tonnes in the full year. Fortescue had flagged total shipments of 170 million tonnes for the financial year. Fortescue’s unit costs averaged $US12.36 per tonne in 2017-18, and it received an average of 64 per cent of the benchmark price of iron ore. Rising demand for higher-grade iron ore in China prompted Fortescue to downgrade its price realisation forecast several times during 2017-18.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG