Iron ore miner BC Iron has notched up 10 million tonnes of exports and inked new exploration deals in Brazil.
The Nullagine joint venture in the Pilbara, owned by BC Iron and Fortescue Metals Group, began exporting in February 2011, and recently moved its 10 millionth tonne of iron ore, the operators said on Thursday.
“We are already working towards producing the next 10 million tonnes,” BC iron managing director Morgan Ball said.
BC Iron has also formalised deals with two Brazilian mining companies that would allow BC Iron to take up to an 80 per cent stake in three iron ore exploration projects in Brazil.
BC Iron shares Shares were up 11 cents, or 2.6 per cent, at $4.34 at 1406 AEST.