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Steady quarter for Portman

TAKEOVER target Portman said it increased its iron ore production rate to 6 million tonnes per annum at its Koolyanobbing project in Western Australia during the December quarter as it seeks to reach 8Mtpa by the end of the year.

Michael Quinn
Steady quarter for Portman

Total ore mined for the quarter came in at 1.15Mt, while ore processed, railed and shipped totalled 1.32Mt, 1.34Mt, and 1.23Mt respectively. Portman said the combination of increased shipments, a higher...

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