Fortescue Posts Qtrly Iron Ore Shipments Of 53.7 Million Tonnes
July 25 (Reuters) -Fortescue Ltd FMG.AX:
RECORD IRON ORE SHIPMENTS OF 53.7 MILLION TONNES (MT) IN Q4 FY24
FY25 GUIDANCE FOR TOTAL SHIPMENTS OF 190 - 200MT
QTRLY ORE PROCESSED 50.8 MT
QTRLY ORE MINED 59.0 MT
FY25 GUIDANCE C1 COST FOR PILBARA HEMATITE OF US$18.50 - US$19.75/WMT
QTRLY PILBARA HEMATITE C1 COST $ 18.53 PER WMT
DRILLING PROGRAMS ARE UNDERWAY IN WESTERN AUSTRALIA, SOUTH AUSTRALIA ON COPPER TARGETS AND WILL CONTINUE THROUGH Q1 FY25
IRON BRIDGE’S FY25 CASH OPERATING EXPENDITURE EXCLUDING SHIPPING AND ROYALTIES IS ANTICIPATED TO BE APPROXIMATELY US$500 MILLION
FOLLOWING FID IN NOVEMBER 2023, PEM50 PROJECT AND ARIZONA HYDROGEN PROJECT ARE PROGRESSING
FY25 GUIDANCE FOR ENERGY CAPITAL EXPENDITURE AND NET OPERATING EXPENDITURE IS US$500 MILLION AND US$700 MILLION
RAMP UP TO FULL PRODUCTION CAPACITY AT IRON BRIDGE IS STILL EXPECTED IN THE SEPTEMBER QUARTER 2025
SEES FY25 METALS CAPITAL EXPENDITURE OF US$3.2 - US$3.8 BILLION
IN IMMEDIATE FUTURE, CO WILL FOCUS INITIALLY ON 4 GREEN HYDROGEN PROJECTS ACROSS AUSTRALIA, UNITED STATES, NORWAY AND BRAZIL
Further company coverage: FMG.AX
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
