Fortescue flags earlier start for higher grade iron ore exports

Original article by Peter Ker
The Australian Financial Review – Page: 19 : 21-Sep-18

Pure-play iron ore producer Fortescue Metals Group has advised that it will begin exporting ore with an iron content of 60.1 per cent in December. Fortescue had previously expected to begin shipments of the higher-grade West Pilbara Fines product during the first half of 2019. Fortescue’s new Eliwana mine will be a key source of the new iron ore blend, and the company expects annual shipments of West Pilbara Fines to be around 40 million when production at Eliwana begins. Fortescue has forecast that it will export 5-10 million tonnes of West Pilbara Fines in 2018-19.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, RIO TINTO LIMITED – ASX RIO, MACQUARIE GROUP LIMITED – ASX MQG

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