Pilbara focused Fortescue Metals Group Limited (ASX:FMG) says it continued an outstanding operational performance last month.
The iron ore miner delivered 14.4 million tonnes of iron ore in October, representing an annualised run rate of 172 million tonnes.
Fortescue has also advised it has executed $US600 million of extra and rolled over customer prepayments.
CEO Nev Power says the performance through to October represents a strong start towards the company’s previously guided shipping target.
Fortescue is aiming to ship between 155 million tonnes to 160 million tonnes of iron ore over the full 2015 financial year.
The company is also aiming to cut debt as it moves towards its initial targeted gearing level of 40 per cent.
Fortescue Metals Group reported a net profit of $2.9 billion in the 2014 financial year.
