July 26 (Reuters) - Iron ore producer Fortescue Metals Group reported record quarterly iron ore shipments on Thursday, enabling it to meet its full-year guidance.
The world’s no. 4 iron ore miner shipped 46.5 million tonnes in the June quarter compared with 44.7 million tonnes a year ago, the company said in a statement. UBS had expected shipments of 46.3 million tonnes for the period.
Cash production costs averaged $12.17 per wet metric tonne in the June-quarter, 7.4 percent below the previous quarter. (Reporting by Aditya Soni in Bengaluru Editing by Paul Tait)