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AAP
AAP
Business
Steven Deare

Fortescue iron ore shipments steady

Fortescue shipped no more iron ore in its second quarter than in the corresponding 2019 period. (AAP)

Fortescue Metals Group shipped no more iron ore in its second quarter than it did in the corresponding 2019 period as COVID-19 restrictions limit exports.

The Western Australian company on Thursday said its shipped 46.4 million tonnes (mt) during its December quarter.

Chief executive Elizabeth Gaines said staff were managing COVID-19 challenges, including border restrictions.

The amount of ore mined slipped eight per cent to 50mt.

The company is due to give its half-year earnings on February 18.

There was no change to full-year guidance of ore shipments of 175mt to 180mt.

Shares were lower by 3.51 per cent to $22.85 at 1120 AEDT amid a wider market downturn.

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