Fortescue in January–March 2023 reduced iron ore shipments by 6.2% q/q

In January-March 2023, iron ore production fell by 16% q/q
Fortescue will begin mining iron ore in Africa by the end of 2023

At the initial stage, iron ore production will amount to 2 million tons per year
Fortescue increased iron ore shipments by 4% y/y in July-December 2022

In the first half of the 2022/2023 fiscal year, the company shipped 96.9 million tons of iron ore to customers
Fortescue to invest $6.2 billion in carbon-free iron ore mining

Full implementation of the company's strategy will make it possible to reduce greenhouse gas emissions by 3 million tons per year

Fortescue в 2021/2022 фінансовому році скоротила прибуток на 40%
Fortescue cuts profit by 40% in 2021/2022 financial year

The company's financial indicators decreased against the background of falling prices of iron ore due to a decrease in demand in China
Fortescue is exploring the possibility of iron ore mining in Gabon

The company plans to spend about $90 million on a 3-year exploration program
China to increase iron ore imports with centralized purchases – FT

The government wants to increase its influence on pricing and increase domestic production