Normal
FMG’s production guidance includes their share of the Iron Bridge output (61%), but not the 31% owned by their partner in the project Formosa.The 31% owned by Formosa, isn’t in FMG’s guidance, however it does move through FMG’s port and FMG does earn a handling fee on it.I am unsure if the Formosa portion of the ore is exported using FMG’s licence or their own, but either way as FMG has raised production over time they haven’t had any trouble raising their export capacity licence. I think the real bottle neck would be how many ships they can physically load each year. The have 5 berths to park ships, and 3 ship loaders moving between them,In a perfect world of zero down time, the ship loaders would be able load 260 Million tonnes a year, but in practice with actual maintenance down time and shift changes and cyclones etc, I don’t know how much the actual maximum export rate is of the port.
FMG’s production guidance includes their share of the Iron Bridge output (61%), but not the 31% owned by their partner in the project Formosa.
The 31% owned by Formosa, isn’t in FMG’s guidance, however it does move through FMG’s port and FMG does earn a handling fee on it.
I am unsure if the Formosa portion of the ore is exported using FMG’s licence or their own, but either way as FMG has raised production over time they haven’t had any trouble raising their export capacity licence. I think the real bottle neck would be how many ships they can physically load each year. The have 5 berths to park ships, and 3 ship loaders moving between them,
In a perfect world of zero down time, the ship loaders would be able load 260 Million tonnes a year, but in practice with actual maintenance down time and shift changes and cyclones etc, I don’t know how much the actual maximum export rate is of the port.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
