Grange profit takes a hit

DESPITE market volatility and operational issues, magnetite pellet producer Grange Resources has managed to post a profit for 2012, though it was down 83% on the previous year.

Grange profit takes a hit Grange profit takes a hit Grange profit takes a hit Grange profit takes a hit Grange profit takes a hit

Revenue from the sale of 2.4 million tonnes of product at an average price of $US144.84 per tonne was $331.3 million, compared to sales of 1.8Mt at $US210.21/t for revenue of $A410.4 million in 2011.

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