It is reported that in the H1 of 2011, Hainan largest iron ore producer Hainan Mining Holdings Co Ltd achieved general volume of mining and stripping 6.8973 million tonnes of which finished iron ore output reached 1.9939 million tonnes with iron ore output quantity of 2.0111 million tonnes.
In the first quarter of 2011 affected by national policies, iron ore demand and supply and international iron ore competition, domestic iron ore market presented sluggish trend with output quantity of only 0.804 million tonnes completing 20.1% of annual sales target.
The market tends to be stable since the second quarter. Hainan Mining signed cooperative agreement with Ningbo Steel Company in the beginning of June. Hainan Mining iron ore output quantity eyed record high of 0.44 million tonnes. In April to June, Hainan Mining achieved monthly iron ore quantity of 0.4 million tonnes which laid foundation for the accomplishment of the sales goal in the first half of the year.
Hainan Mining built iron ore lump base and shipping channel at Yangpu port in June which guaranteed accomplishment of sales target through improving ship loading and iron ore transport.