Fortescue iron ore shipments steady

Fortescue Metals Group shipped no more iron ore in its second quarter than it did in the corresponding 2019 period as COVID-19 restrictions limit exports.

The Western Australian company on Thursday said its shipped 46.4 million tonnes (mt) during its December quarter.

Chief executive Elizabeth Gaines said staff were managing COVID-19 challenges, including border restrictions. 

The amount of ore mined slipped eight per cent to 50mt.

The company is due to give its half-year earnings on February 18.

There was no change to full-year guidance of ore shipments of 175mt to 180mt.

Shares were lower by 3.51 per cent to $22.85 at 1120 AEDT amid a wider market downturn.

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