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Fortescue Breaks Q1 Shipment Records While Accelerating Decarbonisation Efforts
8:39am on Thursday 23rd of October, 2025 AEDT
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Mining
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Fortescue Breaks Q1 Shipment Records While Accelerating Decarbonisation Efforts
8:39am on Thursday 23rd of October, 2025 AEDT
Key Points
Record 49.7 million tonnes iron ore shipments in Q1 FY26, up 4%
Hematite C1 unit cost slightly above FY25 but 10% lower than Q1 FY25
Secured $2 billion Renminbi-denominated syndicated term loan
Revised Hematite life of mine plan includes Blacksmith Project for cost and capital efficiency
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