On January 20, Australian iron ore producer Mount Gibson has announced that in the June-December period of 2009 it increased its iron ore production by 17 percent compared to the first half of the year and by 32 percent year on year, reaching record levels at 2.68 million wet metric tons (wmt), while its iron ore sales in the given period totaled 3.38 million wmt, increasing by 12.67 percent over the first half of 2009 and up 41.42 percent year on year.
In the second six-month period of 2009, Mount Gibson's sales revenue rose 24.13 percent over the first half of the year and was up 5.21 percent year on year at US$242.3 million. Meanwhile, the miner's net profit after tax amounted to US$39.3 million, increasing by 34.13 percent over H1 2009 and up 195.49 percent year on year.