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Fortescue raises export target but Iron Bridge blows out again

Peter Ker

Fortescue Metals has raised its iron ore export target after a strong three months put it on track for its third consecutive year of record exports, but surging production and construction costs have put a dampener on the result.

Fortescue had promised to ship between 180 million and 185 million tonnes in the year to June 2022 but on Thursday raised that target to between 185 million and 188 million.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/fortescue-raises-export-target-but-iron-bridge-blows-out-again-20220428-p5agqs