It appears that KML will only export 35 ship loads this quarter down from 38 last quarter.
This is disappointing because at the beginning of the quarter it looked like they would get 42 ship loads out. It was looking like we could get 9m tonnes out for the year.
Things slowed down - no details as to why - could be maintenance issues.
So probable tonnage for year will be about 8.46m tonnes, barring any major maintenance issue.
With iron price at best in years you would have thought that KML would want to get as much out as possible. Unless they are still losing money at these prices.
GBG Price at posting:
2.7¢ Sentiment: None Disclosure: Held
