Fortescue to ramp up iron ore output

Fortescue Metals Group, the world's fourth-biggest iron ore miner, plans to boost production this fiscal year, counting on resurgent demand from leading buyer China and a sustained recovery in prices.

The Australian miner expects first-half fiscal 2013 production at 36 million tonnes, setting the course for output of 82 million to 84 million tonnes in the year to June 30. Last year it produced around 60 million tonnes.

via Business feed http://www.scmp.com/business/commodities/article/1062626/fortescue-ramp-iron-ore-output