Record-setting BC Iron aims higher
25th Jul 2012
JULY 25 – Australian iron ore junior BC Iron says it is ready to move into a new development phase after achieving a steady-state production level of 5Mtpa at its 50-50 Nullagine iron ore joint venture with Fortescue Metals Group in the East Pilbara region of Western Australia.
Record June 2012 quarter (Q4) figures of 1.48Mt mined and 1.43Mt shipped boosted the company’s full year exports to 3.55Mt and ensured it met all its ambitious guidance targets for the financial year.
The company received an average sales price of around $US122/dmt, against average freight-on-board cash costs of around $42/t.
A second upgrade to the crushing plant during July will raise name plate capacity to 5.8Mtpa and creating “sprint” capacity of about 1Mtpa within the mining, crushing and haulage areas.
Haulage contractor Toll Mining Services has three 360t payload PowerTrans pit haulers on stand-by to boost haulage the 58km from the mine to the railhead after commissioning the eighth unit in Q4.
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