FMG News: Australia's Fortescue raises annual shipments forecast amid inflation pain - 28th Jul 2022, 9:11am

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By Tejaswi Marthi

(Reuters) -Australia's Fortescue Metals Group forecast higher iron ore shipments for the next fiscal year on hopes of a stronger performance at its Eliwana project, and logged record quarterly shipments despite a tight labour market and increased costs.

The world's fourth-largest iron ore miner said on Thursday it expects to ship 187 million tonnes to 192 million tonnes of ore for fiscal 2023, including roughly one million tonnes from its delayed flagship Iron Bridge project....

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