Portman reports record iron ore shipments

<p>Iron ore miner Portman has achieved record annual shipments from its Western Australian operation at Koolyanobbing.</p> <p>According to its latest quarterly production report &#8211 for the period ended December 31, 2003 &#8211 annual shipments from Koolyanobbing were 4,715,002 tonnes, a new record.</p> <p>It also achieved a new quarterly record of 1,290,059 tonnes of ore railed on the back of improving railway services.</p> <p>It has achieved an 18.6% rise in contract prices for its products this year.</p> <br />