BC Iron flags lower H2 profit

Production up, costs rise during wet season.

BC Iron's Nullagine joint venture increased its output more than expected in the March quarter but a particularly heavy wet season has pushed cash costs above guidance and the company now expects revenue and profits to be lower in the second half of 2014.

The company shipped 1.22 million wet metric tonnes of iron ore in the March quarter, higher than its wet season guidance of 1.13 million wet metric tonnes.


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