Australia's third largest iron ore manufacturers FMG Group, said this year's second quarter iron ore production reached record levels, up by 54.7 percent to 19.16 million tons; processed 15.71 million tons of iron ore, up by 28% in the quarterly report; iron ore shipments by 53% year on year to 17.83 million tons. 2011/12 fiscal year, FMG iron ore sales reached 55.8 million tons, an increase of more than 40 percent over the previous fiscal year.
FMG said the second quarter 62% of the iron grade iron ore average price of about $ 125 / dry metric ton (CFR), essentially flat compared with the previous quarter's $ 126 / dry metric ton (CFR). Iron ore production cost is $ 46.04 per wet ton, down 12 percent over the first quarter, mainly due to the yield increased dramatically weakened the unit cash cost of consumption, the Australian dollar against the U.S. dollar dropped to a certain extent contributed to favorable situation.
FMG said the third quarter will be fully in accordance with the annualized production rate of 60 million tons of production, but the equipment maintenance work in early July may have a certain impact on the yield. FMG medium-and long-term goal is to output to reach 38 million tons in 2012 the second half of 2012/13 fiscal year production reached 89 million tons.
Be FMG new Christmas Creek OPF mining area in the production of the fourth quarter of this year, iron ore, the total output will increase substantially. FMG's Solomon Hub mine will be put into operation in the first half of 2013 and the appropriate infrastructure will be completed in Q2 2013, FMG will be able in accordance with the operating rate of 155 million tons of annualized yield production.
FMG also said that the T155 port has completed the expansion of a retrial, the Pilbara region of production output tripled, but the infrastructure construction budget from $ 8.4 billion to $ 9 billion. As of the end of June this year, FMG investment of $ 4.4 billion for infrastructure, $ 385 million to build iron ore fleet
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