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FMG sets FY22 iron ore shipment guidance at 180-185 mln t

ABSTRACT

Fortescue Metals Group (FMG), the world’s fourth largest iron ore miner with all mining assets in Western Australia, has raised its iron ore shipment guidance for the FY22 (July-June 2022) to 180-185 million wet tonnes from the 178-182 million wet tonnes for the FY 21, according to its latest quarterly report released on July 29.
“Building on a second consecutive year of record performance, our guidance for FY22 reflects our ongoing commitment to optimising returns from our integrated operations and marketing strategy,” Elizabeth Gaines, FMG’s CEO, was quoted sayingso in the report. For FY21, FMG delivered a record shipments of 182.2 million wet tonnes, or having

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