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Fortescue Metals Achieves Record Shipping Recovery
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Fortescue Metals Achieves Record Shipping Recovery

Fortescue Metals Group Ltd (AU:FMG) has released an update.

Fortescue Metals Group reports a strong recovery in March 2024 with a record 18.7 million tonnes of iron ore shipped after overcoming challenges from an ore car derailment and weather disruptions. Their commitment to safety is evidenced by a 17% improvement in the Total Recordable Injury Frequency Rate. The company also highlighted significant strides in their decarbonization efforts, including the launch of the world’s first ammonia-powered vessel and the inauguration of the Gladstone Electrolyser Facility, reinforcing their position in green energy production.

For further insights into AU:FMG stock, check out TipRanks’ Stock Analysis page.

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