Fortescue Metals Group Limited
(ASX:FMG) has advised its iron ore shipment for the June quarter was 44.7 million tonnes.
The company says iron ore mined for the quarter was 53.5 million tonnes, which is up from the 44.7 million tonnes mined in the previous quarter.
FMG says it will target a further reduction in C1 costs to US$11 – 12 per wet metric tonnes (wmt), and maintain shipments of 170 million tonnes. This is part of its guidance for fiscal year 2018.
Fortescue says it delivered on targets in fiscal year 2017, by shipping 170.4 million tonnes of iron ore, and improving its C1 costs by 17 per cent.
Shares in Fortescue Metals Group Limited
(ASX:FMG) are currently trading 1.98 per cent higher to $5.41.
