Saturday, 01 Oct 2011
Reuters reported that Australian iron ore producer Fortescue Metals Group production for the September quarter had been strong and shipped volumes would be more than 12 million tonnes.
The average selling price for the period would be around AUD 160 per tonne subject to final adjustments, company said in a statement.
The firm also said its iron ore expansion programme is progressing on time and on budget.
(Sourced from Reuters)
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