Fortescue Reports 1Q Iron Ore Sales of 42.9 Million Tons
Fortescue cited ongoing negotiations with China's CMRG.
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10:23:54 PM UTC
SquawkNews
By David WinningSYDNEY--Fortescue signaled it could cut annual production guidance if negotiations with China's centralized agency for iron-ore purchases aren't concluded by the end of December.Fortescue attributed a gap between its iron ore sales in the three months through September and shipments…