16 de octubre de 2014 / 1:38 / hace 3 años

Fortescue quarterly iron ore output jumps as price sinks

SYDNEY, Oct 16 (Reuters) - Iron ore producer Fortescue Metals Group's September quarter shipments rose 60 percent from a year ago to 41.5 million tonnes, helping drive down costs in a hotly contested global market, the company said on Thursday.

Australia's No. 3 iron ore miner said its average selling price fell to $71 per tonne over the quarter to Sept 30 from $121 per tonne tonne in the year earlier period, partly offset by a 3 percent drop in average cash production costs to $32.08 a tonne.

Fortescue, which competes with global majors Vale, Rio Tinto and BHP Billiton in the seaborne-traded iron ore market said it operated at an annualised run rate of 166 million tonnes during the quarter.

Reporting by James Regan; Editing by Richard Pullin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below