- Write by:
-
Friday, July 24, 2020 - 1:21:32 PM
-
604 Visit
-
Print
Mining News Pro - Mineral Resources (MinRes) has dubbed the June period as “a record breaking quarter” for its iron ore business in Western Australia.
The company produced 4.2 million wet metric tonnes of iron ore, up 22 per cent on the previous quarter.
Its quarterly shipments soared by 53 per cent to 4.4 million wet metric tonnes against the March period.
This is partly attributed to a shipments ramp up from its Koolyanobbing project, which contributed 2.6 million wet metric tonnes during the June quarter.
Koolyanobbing increased to an annualised run rate of 12.7 million tonnes a year based on the month of June, with both Deception and Jackson pits transitioning to lower-strip ore delivery phases.
MinRes-operated and largest iron ore producing mine, Iron Valley, also delivered a 35 per cent increase in shipments on the March period, reaching 1.8 million wet metric tonnes in the June quarter.
This was achieved with the inclusion of stockpiled material crushed and hauled to port. MinRes is working with its partner, BCI Minerals to extend Iron Valley’s mine life.
Further, the company also enjoyed a higher iron ore price during this period, amounting to $US84 ($118) per dry metric tonne.
MinRes’ lithium business also delivered its own highlights during the quarter, including a record production of 146,000 wet metric tonnes and record shipments of 114,000 wet metric tonnes of spodumene concentrate from the Mt Marion project in Western Australia.
Short Link:
https://www.miningnews.ir/En/News/572453
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the ...
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property ...
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with ...
No comments have been posted yet ...