Fortescue reports higher Q3 iron ore shipments despite weather disruptions, shares rise

From Yahoo Finance: 2025-04-28 19:28:00

Australian miner Fortescue reported higher third-quarter iron ore shipments of 46.1 million mt, up from 43.3 million mt a year earlier, meeting analyst expectations. Despite weather disruptions, including port closures and cyclones, the company’s shares rose 2.1% to A$15.8. Fortescue is reviewing timelines for its Iron Bridge and green energy projects while maintaining 2025 shipment and expenditure guidance. The company also delivered its first T 264 Power System for decarbonization efforts.



Read more at Yahoo Finance: Australia’s Fortescue bucks weather woes to post higher Q3 iron ore shipments