SteelMint

Tag: FMG iron ore production

  • FMG’s Iron Ore Production Down by 8% in Q1 FY17

    FMG’s Iron Ore Production Down by 8% in Q1 FY17

    —

    by

    Parul Jain
    in

    Fortescue Metals Group, the world’s 4th largest iron ore producer, has recently released its operational review for Q1 FY17. According to the report, the miners’ iron ore production is down by 8.3% Q-o-Q. In Q1 FY17 (Jul-Sept’16), the miner has produced 43.8 MnT iron against 47.8 MnT in Q4 FY16. However, on Y-o-Y basis, production…