Outstanding safety focus has been maintained with no Lost Time Injuries recorded
during the quarter. Grange’s operations are now over 1,620 days Lost Time Injury
free.
Strengthened cash position to A$153.6 million as at 31 December 2014, an increase
of A$13.6 million from the September 2014 quarter.
Delivered another record breaking quarter for concentrate production. Annual
production of concentrate at an all-time record over 2.6MT.
Average weight recovery of 49% was achieved for the year.
Strong Pellet production of 2.34MT was attained for the year, an 18% increase on
previous year.
North Pit development continues to yield high grade ore from the main ore zone.
South Deposit is now in full production, providing an additional ore source.
Management continues with cost reduction initiatives to maintain competitive unit
operating costs.
While downward pressures on iron ore prices remain, our pellet quality premiums
continue to improve.
Grange’s high quality, low impurity iron ore products continue to attract a
premium with average product prices of US$91.34 (A$107.36) per tonne
(FOB Port Latta) for the quarter.
Continued focus on selling cargoes to targeted customers.
South Deposit Tailings Storage Facility (SDTSF) construction is progressing to plan.
The new SDTSF will provide sufficient tailing storage capacity for LOM.
Preparation in progress for mid-year Mill Shell upgrade.
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- Ann: GRR - Quarterly Report for 3 months ended 31 Dec 2014
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