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Print[Ferro-Alloys.com]Andrew Forrest's Fortescue Metals will miss targets for this year's iron ore shipments and a planned infrastructure sale.
However, Australia's third-largest iron ore producer isn't saying why it's reduced its expected exports to 80- to 82 million wet metric tonnes from 82- to 84 million tones
The company's also revealed that a planned June 30 deadline to sell a stake of roughly 3 billion US dollars worth of its port and rail infrastructure will also be missed.
It expects a sale in the September quarter, but insists it's not under pressure to sell the assets even though it would significantly reduce its debt.
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