Original article by Nick Evans
The Australian – Page: 16 : 25-Apr-24

Pure-play iron ore miner Fortescue has advised that its shipments from the Pilbara totalled 43.3 million tonnes in the March quarter. This was 11 per cent lower than the December quarter and down six per cent year-on-year. The lower export volumes have been attributed to the impact of a haulage train derailment during the quarter. Fortescue has conceded that full-year shipments are likely to be at the lower end of its guidance of 192-197 million tonnes. Fortescue shipped just 138.5 million tonnes in the first half of 2023-24, which will require it to ship 53.5 million tonnes in the final quarter. Meanwhile, Fortescue has further downgraded its forecast for shipments from the Iron Bridge magnetite project.

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FORTESCUE LIMITED – ASX FMG