Fortescue Metals Group Ltd (AU:FMG) has released an update.
Fortescue Metals Group Ltd reported a record-breaking June quarter with iron ore shipments reaching 53.7 million tonnes, a 10% increase from the previous year, contributing to a total of 191.6 million tonnes for FY24. The company saw significant improvements in safety and cost efficiency, with a 28% reduction in the Total Recordable Injury Frequency Rate and a leading cost position for Pilbara Hematite. Additionally, strides in decarbonisation included commissioning a new solar farm and advancing green hydrogen projects, positioning the firm for a target of 190-200 million tonnes in shipments for FY25.
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