Fortescue misses FY guidance

Miner falls short of full-year shipments guidance, despite record Q4 performance.

The successful ramp-up of the Kings Valley project and record shipments in the fourth quarter were not enough for Fortescue Metals Group to reach its full-year shipments guidance.

In the June quarter, Fortescue's total ore shipped, which includes third party tonnes, was a record 38.7 million tonnes, a 55% increase on the 25 million tonnes shipped in the June 2013 quarter.


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