Nullagine iron ore project hits 6 million tpy runrate, BC Iron says

BC Iron said its 75%-owned Nullagine iron ore project has reached its nameplate target production rate of 6 million tpy.

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The capacity is consistent at the mining, crushing, haulage and shipping levels, the Australian iron ore junior said on Thursday May 30.

In April and May, Nullagine shipped more than 1 million tonnes of ore on six separate capesize vessels, bringing the total shipments to 8.3 million tonnes since it first ore on ship in February 2011, according to a statement from the miner.

In the first three months of 2013, Nullagine produced 1.2 million tonnes of iron ore and shipped 1.1 million tonnes.

Fortescue Metals Group owns 25% of Nullagine.