(Bloomberg) -- Portman Ltd., Australia's third- largest iron-ore mining company, said first-quarter sales rose 53 percent as it shipped more of the steelmaking raw material at higher prices.
Sales rose to A$128 million ($107 million) for the three months ended March 31 from A$84 million a year ago, the Perth- based company said today in a statement to the Australian Stock Exchange. It sold 1.9 million tons of ore in the quarter, up from 1.5 million tons previously.
Read more at Bloomberg Commodities News
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