Fortescue Metals Group Ltd marked its first full year of production by shipping 27.3 million tonnes of iron ore in fiscal 2009, slightly above its target. The figure makes Fortescue Australia's third largest iron ore miner behind Rio Tinto Ltd and BHP Billiton. The company said it would maintain a run rate of 35 million tonnes per year through the first half of 2010.
In April, Fortescue expected to sell about 26 million tonnes in the year ending June 30, 2009.
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