Iron Valley shipped 1.8m wmt iron ore for the quarter, an increase of 35% from the previous quarter. Total FY20 shipments of 6.7m wmt were in line with guidance.
Average iron ore revenue received of US$84 per dry metric tonne (dmt) during the quarter, 12% higher than the previous quarter.
Iron Valley mining increased in Q4 in line with the medium-term mine plan. Stage 1 of the C10 pit cutback progressed in line with the development plan for the quarter, with Stage 2 commencing early. Dewatering of the C8 pit continued with production bores equipped and running. Additional shipping in Q4 was achieved with the inclusion of stockpiled material crushed and hauled to port.
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