Fortescue Metals Group Limited announced production results for the quarter ended December 2012. For the quarter, the company reported ore mined of 16.7 million tonnes compared to 16.0 million tones a year ago. Ore Processed was 17.8 million tonnes compared to 13.9 million tonnes a year ago. Total Ore Shipped was 19.6 million tones compared to 14.8 million tonnes a year ago.

The company's production guidance remains between 82wmt and 84wmt and annualized production of 155mtpa for the year 2013.

Capital guidance for the year 2013 has increased to USD 6.3 billion from USD 4.6 billion to reflect the increase in capital expenditure following the refinancing and announcement of the Kings restart. Overall 155 project expenditure of USD 9.0 billion excluding the mining fleet remains in line with prior guidance.