Australian iron ore development company BC Iron Limited has announced that in the quarter ended on June 30 it produced 1.56 million mt of iron ore, down 10 percent compared to the same quarter of the previous year.
During the June quarter, BC Iron shipped 1.46 million wet mt of iron ore from its Nullagine JV, increasing by three percent year on year but remaining below expectations due to unseasonal wet weather in April and May.
In the financial year 2014-15 ended June 30, the company met its guidance for sales and operating costs and achieved better than guidance for capital expenditure. For the whole financial year, its sales volume totaled 5.26 million mt, which was within the guidance range of 5.2-5.6 million mt.