Fortescue Metals Group Limited (ASX:FMG) has lifted production in the June quarter to achieve a record run rate for June.
The iron ore producer shipped 38.7 million tonnes in the quarter and 13.3 million tonnes in June to achieve a record 160 million tonne annualised run rate in the month.
The company’s average realised price for the 2014 year was $US106 per dry metric tonne which generated revenues of around $US11.4 billion.
Fortescue says it’s focussing on reducing costs and has managed a delivered cost per wet metric tonne of $US52.
Fortescue Metals reported a net profit of $1.9 billion in the first half of the 2014 financial year.
