Fortescue Metals Group Limited
(ASX:FMG) has exceeded its June quarter guidance figures, exporting 17.8 million tonnes of iron ore.
The result represents a 42 per cent increase from the previous quarter which was savaged by cyclones in Western Australia.
The Pilbara focused miner intends to maintain its production rate at about 60 million tonnes per annum for the September quarter.
The ramp-up of production to 155 million tonnes per annum will start through the December quarter this year and will now cost about $US9 billion.
In the first half of its 2012 financial year Fortescue Metals posted a net profit of $789 million.
