Fortescue Metals reported operating results for the fourth quarter ended December 31, 2016. The company shipped 42.2 million tonnes of iron ore, barely changed from the 42.1 million tonnes volumes it recorded a year earlier.

Net debt stood at $4.0 billion at December 31, 2016.

The company looks set to achieve its full year of 2017 guidance. The company maintained its 2017 shipment guidance of 165 million tonnes - 170 million tonnes.