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Fortescue Annual Iron-Ore Shipments Up, Costs Also Rise -- Update


By Rhiannon Hoyle
SYDNEY Fortescue Metals Group Ltd. said it shipped record annual volumes of iron ore as it benefited from sky-high prices for the steel ingredient, but that it continued to face pressure from rising costs.
Fortescue, the world s No. 4 iron-ore exporter, reported shipments of 182.2 million metric tons for the 12 months through June, up 2% on a year earlier. That followed fourth-quarter shipments of 49.3 million tons, which were 4% higher on a year ago and also a record level for Fortescue.
This was an outstanding performance despite the impact of wet weather, as well as Covid-19 restrictions requiring many of our team members to remain on site for extended periods during WA s lockdowns, Chief Executive Elizabeth Gaines said, referring to pandemic-related restrictions in Western Australia state where Fortescue s iron-ore mines are located. ....

Elizabeth Gaines , Rhiannon Hoyle , Sydney Fortescue Metals Group Ltd , Fortescue Metals Group , Executive Elizabeth Gaines , Western Australia , Dow Jones , எலிசபெத் ஆதாயங்கள் , ரீயேநந் ஹோய்ல் , சிட்னி ஃபார்‌டெஸ்க்யூ உலோகங்கள் குழு லிமிடெட் , ஃபார்‌டெஸ்க்யூ உலோகங்கள் குழு , நிர்வாகி எலிசபெத் ஆதாயங்கள் , மேற்கு ஆஸ்திரேலியா , டோ ஜோன்ஸ் ,