Australian
iron ore development company
BC Iron Limited has announced that it achieved record
iron ore production and shipment volumes from its Nullagine joint venture in the last quarter of 2011.
In the given quarter,
BC Iron produced 681,135 mt of
iron ore, up 19 percent quarter on quarter, from its Nullagine
iron ore joint venture in the Pilbara region of Western
Australia, equally owned by
BC Iron and Australian miner
Fortescue.
BC Iron started
iron ore exports from its Nullagine project in the first half of 2011 and shipped 683,718 mt of
iron ore in December quarter, rising 70 percent compared to the previous quarter.
BC Iron stated that it is considering potential acquisition opportunities, "focusing on
iron ore hematite projects with direct shipping ore potential in
Australia and overseas."