Fortescue sets record shipments in June
PERTH (miningweekly.com) – Iron-ore major Fortescue Metals on Friday reported that it had achieved a record 160-million-tonne annualised run rate during June this year, following the completion of its $9.2-billion expansion.
During the month of June, the miner reported shipments of 13.3-million tonnes, taking its quarterly shipments to 38.7-million tonnes, or an annualised rate of 155-million tonnes.
Some 124.2-million tonnes of iron-ore product was shipped during the financial year ended June, at an average realised price of $106/t to generate revenues of $11.4-billion.
CEO Nev Power told shareholders that the company’s latest record quarter was an outstanding end to the financial year.
“The accelerated rapid ramp-up to a sustained 155-million-tonne-a-year rate for the June quarter highlights the outstanding achievements and commitment of everyone at Fortescue. I am very excited about the 2015 financial year, with our continued drive towards global safety leadership and the dedication of our people to deliver another exceptional result for our company.”
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