Australia-based miner Northern Iron has announced that in the quarter ended on March 31 it produced 4.5 million mt of
iron ore, rising three percent compared to the previous quarter. The company increased its
iron ore concentrate output by two percent quarter on quarter to 553,000 mt, setting a new quarterly
production record.
Northern Iron stated that the successive improvements in
production results since the second half of 2013 are underpinned by reliability improvements gained from the implementation of improved maintenance and operation practices.
In the given period, Northern Iron also achieved a quarterly record in
iron ore concentrate sales, selling 585,000 mt of
iron ore concentrate, up 22 percent compared to the previous quarter. The company said that a record nine vessels were dispatched during the given quarter with an average realized price of US$95/dmt FOB Kirkenes.