This explains it clearly Dull:
Fortescue Metals has lowered its annual production target by 10%, or 2 million tonnes, as it brings forward a planned maintenance shutdown of its port and mine processing plant.
The iron ore miner said today it planned to meet its target of an annual rate of production of 55 million tonnes a year by the first quarter next year "subject to market conditions''.
Fortescue recently said a $2 billion project to expand output to 80 million tonnes a year could be delayed by six months in light of the weaker market for iron ore.
worrying times, page-38
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