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IOH Income

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    Economic factors have been blamed for shipments from Iron Ore Holdings’ Iron Valley project in the Pilbara being pushed back. Project partner Mineral Resources has told IOH of the delay in trucking and shipping ore from this month to early in the last quarter of calendar 2014. IOH said Mineral Resource had advised it was making all reasonable efforts to facilitate profitable trucking and shipping of Iron Valley products, subject to further movements in commodity prices and exchange rates. The miner said the market conditions demonstrated one of the key benefits of its proposed takeover by BC Iron. “Being to create a combined entity with strengthened technical and financial scale, which is better able to operate in these challenging market conditions than either BC Iron or IOH standing alone,” IOH said.
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