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Fortescue increases iron ore production

The Australian mining company is taking the lead from its competitors and has increased the production of iron ore in the past quarter.

The Australian producer of iron ore Fortescue, which is among the largest in the world, advanced in the production of iron ore in the second quarter this year, which is the fourth quarter in the company's fiscal year 2014/2015.

The total amount of iron ore which the company shipped in the fourth quarter constituted all of 42.4 million tons. This was an increase of five percent compared to the third quarter and an increase of ten percent compared to the same quarter in the previous year.

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