Iron ore price, page-3803

https://www.platts.com/latest-news/...terest-for-sgx-iron-ore-lump-premium-27865385

Ago commented in the quarterly that its lump premiums had started a rebound post quarter end. The above article confirms this with premiums increasing considerably during July.

FYI - I did some calcs on what I think the HY will show and it may be fairly neutral. Many of the poor hedges were realised as losses during Dec HY. There will also be FX gain due to increase in AUD, therefore denominated debt in AUD will be lower.

There are some provisions that may be written back. The onerous lease for example may be partially written back as office vacancy rates improved markedly during HY in WA. Also rehabilitation costs will be partly borne by Mineral Resources.