Tag: Belinga Iron Ore Project
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Australia: FMG’s iron ore output falls 10% q-o-q in Q1CY’25; FY’25 guidance remains unchanged
Iron ore shipments drop by 7% q-o-q in Q1CY’25 Adverse weather impacts Q1CY’25 performance Fortescue Metals Group (FMG), Australia’s leading miner, has released its operational results for January-March 2025 (Q1CY’25). Iron ore production during the quarter stood at 55.5 million tonnes (mnt), down 10% compared to 61.9 mnt in Q4CY’24. However, on a y-o-y basis,…