Fortescue Chief Executive Officer Ms Elizabeth Gaines said “The Fortescue team has delivered excellent results for the June quarter, with record iron ore shipments of 49.5 million tonnes. This outstanding operating performance has resulted in record FY22 shipments of 189 million tonnes, exceeding the top end of guidance. This was achieved in a challenging operating environment due to the impact of COVID-19 throughout the financial year. Despite industry-wide and global headwinds, Fortescue’s unique culture and Values has delivered these exceptional results and I am immensely proud of the performance of the team.” Ore mined - 228.8 million tonneOverburden removed - 314.6 million tonneOre processed - 188.7 million tonneOre shipped - 189.0 million tonneC1 cost – USD 15.91per wmt FY22 represents the third consecutive year of record shipments, reflecting strong performance across the entire supply chain and the successful integration of Eliwana which commenced operations in January 2021. The Iron Bridge Magnetite project will deliver 22 million tonne per annum of high grade 67% Fe magnetite concentrate, with first production scheduled for the March 2023 quarter. FY23 guidanceIron ore shipments of 187-192 million tonne, including approximately 1 million tonne from Iron Bridge (100 per cent basis)C1 cost for hematite of USD18.00-18.75 per wmt
Fortescue Chief Executive Officer Ms Elizabeth Gaines said “The Fortescue team has delivered excellent results for the June quarter, with record iron ore shipments of 49.5 million tonnes. This outstanding operating performance has resulted in record FY22 shipments of 189 million tonnes, exceeding the top end of guidance. This was achieved in a challenging operating environment due to the impact of COVID-19 throughout the financial year. Despite industry-wide and global headwinds, Fortescue’s unique culture and Values has delivered these exceptional results and I am immensely proud of the performance of the team.” Ore mined - 228.8 million tonneOverburden removed - 314.6 million tonneOre processed - 188.7 million tonneOre shipped - 189.0 million tonneC1 cost – USD 15.91per wmt FY22 represents the third consecutive year of record shipments, reflecting strong performance across the entire supply chain and the successful integration of Eliwana which commenced operations in January 2021. The Iron Bridge Magnetite project will deliver 22 million tonne per annum of high grade 67% Fe magnetite concentrate, with first production scheduled for the March 2023 quarter. FY23 guidanceIron ore shipments of 187-192 million tonne, including approximately 1 million tonne from Iron Bridge (100 per cent basis)C1 cost for hematite of USD18.00-18.75 per wmt
