Iron-ore miner Fortescue Metals has reported a 4% increase in production during the three months to September, compared with the June quarter, shipping 42.2-million tonnes of ore.
C1 cash costs for the first quarter of 2020 was up by 1% on the fourth quarter of 2019, to $12.95/t, but down by 2% on the previous corresponding period, while the average revenue received during the quarter reached $85/t, up 89% on the previous corresponding period.