Fortescue Metals Achieves Record Q1 Shipments and Advances ...
7 Articles
7 Articles
Fortescue Shares Dip Despite Healthy Shipments
Shares in Fortescue Metals Group experienced a slight dip of 0.3 per cent after initial gains, despite a healthy September quarter. According to Morgans deputy head of research, Adrian Prendergast, Fortescue’s shipments of 49.7 million tonnes marginally exceeded expectations during the period. Fortescue Metals Group is a global leader in the iron ore industry, committed to developing resources and integrated infrastructure. The company also aims…
Fortescue realises milestones in record quarter - Mining Magazine Australia
Image: T. Schneider/shutterstock.comFortescue has enjoyed a robust opening to the 2026 financial year (FY26), highlighted by record first-quarter iron ore shipments, and a bumper cash position. The mining giant’s total iron ore shipments were 49.7 million tonnes (Mt) in Q1 FY26, which represents a four per cent increase on Q1 FY25. Fortescue’s shipments included 2.1 Mt from Iron Bridge. The company also reported a cash balance of US$4.6 billion …
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