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Australia's Fortescue Q1 shipments fall 8.6 pct

Published 25/10/2018, 09:41 am
© Reuters.  Australia's Fortescue Q1 shipments fall 8.6 pct
FMG
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Oct 25 (Reuters) - The world's No. 4 iron ore miner Fortescue Metals FMG.AX on Thursday reported a 8.6 percent fall in first-quarter iron ore shipments as pollution curbs in China reduced the demand for lower grade ore.

Fortescue shipped 40.2 million tonnes in the September quarter, compared with 44 million tonnes a year ago, the company said in a statement.

It maintained its fiscal 2019 production guidance of 165 million to 173 million tonnes.

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