Australian iron ore development company BC Iron Limited has announced that in the quarter ended on December 31 it produced 1.35 million mt of iron ore, up 25 percent compared to the same quarter of the previous year.
Regarding the financial year 2013-2014, BC Iron expects direct shipping ore sales of 5.8-6.2 million mt from the Nullagine JV. The company also plans approximately A$20 million of capital expenditure in the given financial year.
According to BC Iron, during the given quarter, the company shipped 1.52 million wet mt of iron ore from its Nullagine JV, increasing by 45 percent year on year, while it was on track to exceed dry season guidance rates of 6.5 million mt per year before a 170,000 wmt ship was delayed by tropical cyclone Christine in late December.