MIS midwest corporation limited

iron ore fines production and shipment steady

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    Sydney - Tuesday - July 31: (RWE Australian Business News) -
    Midwest Corporation Ltd (ASX:MIS) reports production and shipment of
    iron ore fines from the stockpiles at Koolanooka continued at a steady
    level during the June quarter.
    In the June quarter 224,776 wmt of fines was hauled to Geraldton
    Port (232,727 in March qtr) while 236,492 wmt was shipped (180,750).
    For the year to date 457,503 wmt of fines was hauled to port and
    417,242 wmt was shipped.
    Ore haulage was slightly below system design capacity for the
    quarter as a result of balancing production with shipping opportunities.
    A carry-over shipment of 58,929 wmt is included in the tonnage
    shipped for the quarter.
    The shipment was loaded in the previous quarter, but was unable
    to be included in the previous quarter due to timing of quality assays.
    Shipping generally occurred well below the design capacity of
    the company's infrastructure due to constraints from heavy shipping
    congestion and scheduled shutdowns at Geraldton port.
    This trend is expected to continue over the next two quarters
    until the new dedicated iron ore shiploading facilities are installed at
    Berth 5.
 
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