© Reuters. FILE PHOTO: The logo of Fortescue Metals Group adorns their headquarters in Perth, Australia, November 11, 2015. REUTERS/David Gray
(Reuters) – Australia’s Fortescue Metals Group (OTC:) on Thursday reported a 4.2% rise in iron ore shipments for the first quarter, boosted by higher production from its key operations in Western Australia.
The world’s fourth-largest iron ore miner said it shipped 47.5 million tonnes (mt) of the steel-making commodity in the quarter ended Sept. 30, compared with 45.6 mt a year earlier.
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