Fortescue ups output expectations

Iron-ore major Fortescue metals has reported record third quarter iron-ore shipments, with tonnage up by 10% on the previous corresponding period, reaching 42.3-million tonnes.

In the year-to-date, iron-ore shipments reached a record 130.9-million tonnes.

C1 costs for the quarter under review was also down 2% on the previous corresponding period, to $13.27/t.