28
Aug
09:23
FMG reports record shipments, sliding profit
Australian miner FMG on Monday reported falling profit for the fiscal year ending 30 June (FY23), despite the company processing and shipping more iron ore compared with FY22, Kallanish learns.
In FY23, the company mined 217.9 million wet metric tonnes of iron ore, which was 5% lower than a year earlier. Annual shipments however hit a record high of 192m wmt, an increase of 2%.
This was contributed by first production at the Iron Bridge Magnetite project, and fir…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous