Platts Iodex 65%Fe, page-20

'Thanks Guennadi - that looks pretty clear to me - China Iron Ore Concentrate (Fe 66%)
= 520 RMB (yuan)

This correct looking at the info posted. It refers to Chinese Ore though???

KML report that the price paid is based on 'Platts IODEX 65% ore', not chinese ore. I think the only thing is to wait for the quarterly. It is hard to look at the market price and figure out exactly what KML are receiving. Drawing a comparison to the previous quarterly results the actual price KML received for its 66% ore was the same as RIO received for their 61.5% Pilbara Blend. Essentially it has one customer, and that customer is not paying a premium.

Let's see what the quarterly says, but I would wager that they have not been receiving $80 a tonne, probably $65-70/ton if we're lucky.