Fortescue iron ore shipments steady | Ralph-Lauren

Must Read


Fortescue Metals Group shipped no more iron ore in its second quarter than it did in the corresponding 2019 period as COVID-19 restrictions limit exports.

The Western Australian company on Thursday said its shipped 46.4 million tonnes (mt) during its December quarter.

Chief executive Elizabeth Gaines said staff were managing COVID-19 challenges, including border restrictions.

The amount of ore mined slipped eight per cent to 50mt.

The company is due to give its half-year earnings on February 18.

There was no change to full-year guidance of ore shipments of 175mt to 180mt.

Shares were lower by 3.51 per cent to $22.85 at 1120 AEDT amid a wider market downturn.


Source link

Leave A Reply

Please enter your comment!
Please enter your name here

Latest News

CBD Oil Australia: Must check these details

Cannabidiol (CBD) is a chemical that is found in the Cannabis sativia plant, also known as cannabis. A cbd oil contains almost...

More Articles Like This