Australian mining firm Portman sees iron ore shipments up 17%
Australian
iron ore producer Portman Mining Ltd. has reported a record for first-half 2004 shipments of 2.72 million tons from its Koolyanobbing
iron ore mine in Western
Australia.
The 17% increase in shipments from the corresponding period of the previous year, with especially strong second quarter shipments of 1.19 million tons up from 1.18 million tons the same time a year ago, highlights the strong demand from the important Chinese market.
China currently accounts for 75% of Portman's sales.