Check out the Hematite mined for the Qtr--->0, they shipped 420,000 tonnes, so probably nothing left on site now for Q4 hence the drop in ships. The total shipping rate will now roughly equal Mag production which is what your numbers suggest.
It was not highlighted ANYWHERE in that report that Hematite mining had actually ceased. With Take or Pay on the rail haulage it will be interesting to see if they continue buying 3rd party ore at a loss to reduce the overall loss from take or pay.
GBG Price at posting:
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