TRIFR for Fortescue Metals
Iron ore shipments
Pilbara Hematite average revenue per dry metric tonne (dmt)
Fortescue Metals Chief Executive Officer, Dino Otranto, said “It’s been a solid quarter for the Metals business with shipments of 45.9 million tonnes contributing to the significant milestone of two billion tonnes shipped since we commenced operations.
“We started our business just 20 years ago, commenced full-scale operations 15 years ago and reached one billion tonnes of iron ore shipped less than six years ago. This sort of growth is the result of the commitment of the entire team and our unwavering focus on our Values.
“During the quarter, Iron Bridge transitioned to operational production and we achieved the first shipment of high grade magnetite product. Commissioning activities are progressing well as we focus on a safe and efficient ramp up. Also supporting our growth strategy is the Belinga Iron Ore Project in Gabon where exploration and studies activities continue to advance.”
Fortescue Energy Chief Executive Officer, Mark Hutchinson, said “We are on track with progressing our green energy projects and executing our decarbonisation roadmap.
“Our battery electric haul truck prototype is being tested at our Chichester Hub and we have also received the first T264 haul truck from Liebherr which signifies the start of the conversion of our fleet to zero emissions.
“The initial delivered units will be diesel powered with the remaining battery electric. The diesel powered trucks will be converted to our in-house battery solution developed by Fortescue WAE.
“Together with our strong balance sheet and focus on investing in growth, we are well placed to advance our transition to becoming the number 1 green technology, energy and metals company while ensuring we continue to deliver benefits to all our stakeholders.”
|Operations summary (M wmt)||Q1 FY24||Q4 FY23||Var (%)||Q1 FY23||Var (%)|
|Total ore mined||56.2||53.9||4||54.8||3|
|Total ore processed||48.0||48.1||(0)||48.0||0|
|Total ore shipped||45.9||48.9||(6)||47.5||(3)|
|Total ore shipped (Fortescue share)||45.9||48.9||(6)||47.5||(3)|
|Pilbara Hematite C1 cost (US$/wmt)||17.93||17.57||2||17.69||1|
Volumes on a 100 per cent basis, unless stated otherwise. Wet metric tonnes (wmt).
|Pilbara Hematite (M wmt)||Q1 FY24||Q4 FY23||Var (%)||Q1 FY23||Var (%)|
|Iron Bridge (M wmt)||Q1 FY24||Q4 FY23||Var (%)||Q1 FY23||Var (%)|
Presented on a 100 per cent basis, Fortescue has 69 per cent equity share of Iron Bridge.
|Product summary (M wmt)||Q1 FY24||(%)||Q4 FY23||(%)||Q1 FY23||(%)|
|Iron Bridge Concentrate||0.04||-||0.0||-||0.0||-|
|West Pilbara Fines||4.3||9||4.4||9||3.7||8|
|Super Special Fines||15.6||34||17.5||36||17.6||37|
|Shipments (Fortescue share)||45.9||-||48.9||-||47.5||-|