Fortescue Metals Group (ASX:FMG) said despite volatile markets it’s been able to sell all of its production without cancelling or deferring cargoes.
In an announcement to investors today, it also said production for the quarter has been strong and shipped volumes will be more than 12 million tonnes, which is the highest quarterly level of shipments the company has achieved.
It said its expansion program is both on time, and on budget.
Fortescue Metals Group (ASX:FMG) reported an annual net profit of $952 million for 2011.
