Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Australia's Fortescue first-quarter shipments fall 8.6 percent

The logo of Fortescue Metals Group adorns their headquarters in Perth, Australia, November 11, 2015. REUTERS/David Gray/File photo

(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.

(Reporting by Rushil Dutta in Bengaluru; Editing by Sandra Maler)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.