Fortescue shutdown

A three-day shutdown of a processing unit at Fortescue Metals' flagship mine will not have any impact on iron ore production rates, the company said. An ore processor was shut down for 60 hours last week at the Cloudbreak mine in the Pilbara region. Fortescue said the shutdown was planned and a case of "routine" maintenance. Analysts at Goldman Sachs yesterday named Fortescue alongside OneSteel as being one of the most over-sold stocks during last week's market carnage.

A three-day shutdown of a processing unit at Fortescue Metals' flagship mine will not have any impact on iron ore production rates, the company said. An ore processor was shut down for 60 hours last week at the Cloudbreak mine in the Pilbara region. Fortescue said the shutdown was planned and a case of "routine" maintenance. Analysts at Goldman Sachs yesterday named Fortescue alongside OneSteel as being one of the most over-sold stocks during last week's market carnage.

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