Australian iron ore development company BC Iron Limited has announced that in the quarter ended on June 30 it produced 1.58 million mt of iron ore, up seven percent compared to the same quarter of the previous year, while its iron ore shipments in the June quarter amounted to 1.6 million mt, increasing by 12 percent year on year, despite unseasonal heavy rainfall.
BC Iron completed the financial year 2012-2013 ended on June 30 on a high note by achieving its target production rate of 6 million mt per year ahead of schedule and well within its market guidance for the fourth quarter of FY 2012-13. As of June 30, BC Iron had shipped approximately 8.8 million mt of iron ore from its Nullagine joint venture since its first ore shipment in February 2011 and expects to surpass the 10 million mt milestone during the September quarter of 2013.