“Due to the coronavirus, we have struggled to get vessels to take all our February tonnage, so our February [cargoes] will be sailing in March,” a spokesman told Fastmarkets on Monday February 24. “It is likely our March vessel will sail early in April.”
Consmin's wholly owned subsidiary Pilbara Manganese produces higher-grade ore at its Woodie Woodie open-pit mine in Western Australia.
The manganese ore price has staged a slow recovery since hitting a multi-year low of $3.68 per dry metric tonne unit (dmtu) more than a year ago on February 1, 2019.
Fastmarkets’ manganese ore 44% Mn, cif Tianjin, index
rose 14 cents or 3.1% to $4.70 per dmtu on Friday February 21.
“No changes are planned to our annual targets,” the spokesman said. “It is just a slight delay at the moment, which we expect to catch up.”
In the first six weeks of the year, flooding delayed overland haulage operations, causing a 20-day delay in manganese ore deliveries to Port Hedland, the company added.