Iron-ore major Fortescue Metals has reported record quarterly shipments for the three months to June, with average revenue per tonne also increasing by 30%, while C1 cash costs have been reduced.
“We have delivered record quarterly shipments of 46.6-million tonnes while reducing C1 costs by over 5% to $12.78/t, reinforcing our position as the lowest cost producer,” said Fortescue CEO Elizabeth Gaines on Thursday.