FMG shares at 18-month high after strong quarter

FORTESCUE Metals Group’s iron ore business is now operating at an annualised run-rate of 200 million tonnes per annum, even before the 22Mtpa Iron Bridge magnetite project has been commissioned.

FMG shares at 18-month high after strong quarter FMG shares at 18-month high after strong quarter FMG shares at 18-month high after strong quarter FMG shares at 18-month high after strong quarter FMG shares at 18-month high after strong quarter

FMG founder and chairman Andrew Forrest

The iron ore miner reported best-ever December quarter shipments of 49.4 million tonnes, up 4% both quarter-on-quarter and year-on-year.

C1 cash costs fell 3% to US$17.