FMG remains iron ore shipment target for FY20-21
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Update time : 2020-11-03 16:50:25
Fortescue Metals Group (FMG), an Australia-based iron ore producer, reported that it mined 58.4 million tons of iron ore in the September quarter, increasing by 2% compared to the previous quarter and also up by 15.4% from the same period in the previous fiscal year.
In the first quarter of the fiscal year 2020-21 (as of September 30), FMG’s iron ore shipment had an increase of 5% compared to the previous quarter, reaching 44.3 million tons.
Due to the continuous demand in the domestic market, FMG remained its iron ore shipment target for the fiscal year 2020-21 at roughly 175-180 million tons.
