Iron ore giant Fortescue posts cash on hand of $6.9B on record shipments and revenue

(Kitco News) - Fortescue said that strong free cashflow generation contributed to cash on hand of US$6.9 billion and net cash of US$2.7 billion at 30 June 2021, compared to net debt of US$1.0 billion at 31 March 2021.

Iron ore giant Fortescue posts cash on hand of $6.9B on
record shipments and revenue
(Kitco News) - Fortescue said that strong free cashflow generation contributed to cash on hand of US$6.9 billion and net cash of US$2.7 billion at 30 June 2021, compared to net debt of US$1.0 billion at 31 March 2021.