(Reuters) - Australia's Fortescue Metals, the world's fourth-largest iron ore miner, on Wednesday said first-half profit tumbled a third on higher material and labour costs and lowered its interim dividend, sending its shares more than 4% lower.
Fortescue said costs for the half jumped by a fifth. Australian miners have been burdened by a shortage of workers in resource-rich Western Australia state due to lockdowns and border closures to control a recent wave of Omicron COVID-19 infections.
Th...
>>> Read more: Australia's Fortescue says H1 profit slumped by a third as costs weigh
Fortescue said costs for the half jumped by a fifth. Australian miners have been burdened by a shortage of workers in resource-rich Western Australia state due to lockdowns and border closures to control a recent wave of Omicron COVID-19 infections.
Th...
>>> Read more: Australia's Fortescue says H1 profit slumped by a third as costs weigh
