Cobre26 Apr 2018 21:42
Strategic said the customer had asked for iron ore shipments in March, April and May to be halted due to environmental planning approval taking longer than expected to come through.
The underlying contract for a further 360,000 tons of magnetite is not affected said Strategic, which expects deliveries to resume in June
"Last quarter's figures did not include any suspended sales, demonstrating that, even without these sales, both SMG and the company as a whole are profitable.