Portman has cemented its long term future as an independent iron ore producer after today announcing board approval for a $55 million expansion of its 100% owned Koolyanobbing operations in Western Australia to increase production from 5 million tonnes to 8 million tonnes per annum.
The Directors of Portman Ltd today announced a fully franked interim dividend of 4.5 cents per share. The "record date for determination of entitlement to this dividend will be 5pm on 20 September 2004.
PORTMAN POSTS RECORD HALF YEAR NET PROFIT OF $17.8M AHEAD OF DECISION ON KOOLYANOBBING EXPANSION.
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The continuing strong iron ore demand from the key Chinese market has resulted in Portman posting a new record for first half ore shipments of 2.72 million tonnes.