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By Harish Sridharan
(Reuters) -Fortescue Metals Group raised its full-year iron ore shipments forecast on Thursday helped by a production ramp-up at Eliwana operations, while increasing capital estimate for its key Iron Bridge Magnetite project in Western Australia.
The world's fourth-largest iron ore miner now expects to ship between 185 million tonnes (mt) and 188 mt of the commodity in fiscal 2022, up from a previous guidance of 180 mt to 185 mt. Shares of the company rose 3.5% to A$20.81 i...
>>> Read more: Fortescue raises annual shipments view, hikes cost estimate for key project
(Reuters) -Fortescue Metals Group raised its full-year iron ore shipments forecast on Thursday helped by a production ramp-up at Eliwana operations, while increasing capital estimate for its key Iron Bridge Magnetite project in Western Australia.
The world's fourth-largest iron ore miner now expects to ship between 185 million tonnes (mt) and 188 mt of the commodity in fiscal 2022, up from a previous guidance of 180 mt to 185 mt. Shares of the company rose 3.5% to A$20.81 i...
>>> Read more: Fortescue raises annual shipments view, hikes cost estimate for key project
