Portman exports iron ore products via seaborne trade into Asia.  Approximately 80% of all Portman products are exported to China and the remaining 20% into Japan.  All products are sold on a Free On Board (FOB) basis.  A very small amount of Portman’s Koolyanobbing iron ore is consumed domestically.  To service customer needs, Sales and Marketing offices are located in Beijing, Tokyo and Perth.

Products

Portman produce and supply 4 export quality products. 

Koolyanobbing Project

Three export products are produced by the Koolyanobbing Project:

• Portman Standard Lump (PLS)
• Portman Standard Fines (PFS)
• Portman Low Grade Fines (PFL)

The lump product (PLS) which is suitable for direct charging to blast furnaces is +6.3mm to -31.5mm in size.  The fines products (PFS and PFL) are -6.3mm in size and are suitable as sinter plant feed. 

During 2008 Portman will export approximately 7.6Mt from the Koolyanobbing Project.  The 2009 export forecast is 8Mt.

Cockatoo Island

A single high grade premium fines product (-8mm) is produced at Cockatoo Island.  Due to construction of the Stage 3 sea wall, supply of this product is unavailable until mid 2009.

Sales Offices Contact Details

Portman Iron Ore Limited – Beijing Office
Jimmy Xu, Deputy Chief Representative - Beijing
Room 1029, 10th floor, Tower 1, China World Trade Centre
BEIJING CHINA 100004
Telephone: (8610) 6505 3990/91
Fax: (8610) 6505 3992
Email: jimmy_xu@portmanbj.com.cn

Portman Iron Ore Limited – Tokyo Office
Shigeru Fujikawa, General Manager - Marketing
Toranomon Kogyo Bldg. 1-2-18 Toranomon , Minato-Ku, Tokyo, Japan
Telephone: (813) 3500 2774
Fax: (813) 3500 2779
Email: shigeru_fujikawa@mrh.biglobe.ne.jp

Portman Iron Ore Limited – Perth Office
Kerry Turnock, Manager Technical Marketing
Level 11, 1 William Street, Perth, Western Australia 6000
Telephone: (618) 9426 3333
Fax: (618) 9426 3390
Email: kturnock@portman.com.au