“Due to the coronavirus, we have struggled to get vessels to take all our February tonnage, so our February [cargoes] will be sailing in March,” a spokesman told Fastmarkets on Monday February 24. “It is likely our March vessel will sail early in April.”
Consmin's wholly owned subsidiary Pilbara Manganese produces higher-grade ore at its Woodie Woodie open-pit mine in Western Australia.
The manganese ore price has staged a slow recovery since hitting a multi-year low of $3.68 per dry metric tonne unit (dmtu) more than a year ago on February 1, 2019.
Fastmarkets’ manganese ore 44% Mn, cif Tianjin, index rose 14 cents or 3.1% to $4.70 per dmtu on Friday February 21.
“No changes are planned to our annual targets,” the spokesman said. “It is just a slight delay at the moment, which we expect to catch up.”
In the first six weeks of the year, flooding delayed overland haulage operations, causing a 20-day delay in manganese ore deliveries to Port Hedland, the company added.
Manganese ore producer Consolidated Minerals (Consmin) has had to delay shipments to China from Port Hedland in Western Australia as a result of disruption caused by the novel coronavirus (2019-nCov) outbreak.