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Fortescue's Blacksmith milestone lands as CMRG talks test iron ore momentum
8:56am on Thursday 22nd of October, 2026 AEDT
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Mining
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Fortescue's Blacksmith milestone lands as CMRG talks test iron ore momentum
8:56am on Thursday 22nd of October, 2026 AEDT
Key Points
46.8Mt of Q1 FY27 iron ore shipments, down 6% year on year
Sales lagged shipments by 3.9Mt amid unresolved CMRG negotiations
Hematite C1 costs rose 21% year on year to US$21.98/wmt
Net debt increased to US$2.8 billion after dividends and capital spending
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